Online Sourcing Tool Helps Retailers, Municipalities and Medical Practices Connect with Suppliers of Hard-to-Find Products
SALT LAKE CITY–(BUSINESS WIRE)–Park City Group, Inc. (NASDAQ: PCYG), the parent company of ReposiTrak, Inc., which operates a B2B ecommerce, compliance and supply chain platform that partners with retailers, wholesalers and their suppliers, announces its MarketPlace has expanded the network of validated and compliant buyers and suppliers. This action comes as demand for personal protective equipment, including N-95 face masks, face shields, disposable gowns, infrared thermometers and Nitrile gloves, as well as sanitizers, food freezers, telecommuting equipment and other safety and storage related products, have grown dramatically.
Against the background of so many PPE suppliers that are not reliable, ReposiTrak Marketplace has become a trusted partner in obtaining these hard-to-find items. The Company’s core competency on validating compliance with suppliers has made it an ideal partner for these types of transactions, helping to eliminate buyer concerns regarding the quality and viability of its suppliers during this period of unprecedented uncertainty.
“For years, Park City Group has been the industry expert in the practice of vetting suppliers. As a result, we have built a large and fully updated network of leading, trusted suppliers in a wide-range of industries. The logical next step was to help our customers, as buyers, connect with these validated suppliers,” said Randall K. Fields, Chairman and CEO of Park City. “Over the past few months, demand for PPE and other items has surged, from traditional retailers and wholesalers as well as a diverse group of new buyers that have joined our network that includes municipalities, medical groups and industrial operators. With an end-to-end platform in place, we have been able to successfully connect buyers and suppliers to meet the urgent demand.”
About Park City Group:
Park City Group, Inc. (NASDAQ:PCYG), the parent company of ReposiTrak, Inc., a compliance, supply chain, and e-commerce platform that enables retailers, wholesalers, and their suppliers, to accelerate sales, control risk, and improve supply chain efficiencies. More information is available at www.parkcitygroup.com and www.repositrak.com.
Specific disclosure relating to Park City Group, including management’s analysis of results from operations and financial condition, are contained in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019 and other reports filed with the Securities and Exchange Commission. Investors are encouraged to read and consider such disclosure and analysis contained in the Company’s Form 10-K and other reports, including the risk factors contained in the Form 10-K.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Park City Group, Inc. (“Park City Group”) are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Park City’s annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Randall K. Fields
Chairman & CEO ReposiTrak