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EX-99 - PRESS RELEASE DATED MAY 17, 2021 - PARK CITY GROUP INC | ex99-2.htm |
EX-99 - EARNINGS CALL TRANSCRIPT - PARK CITY GROUP INC | ex99-1.htm |
8-K - CURRENT REPORT - PARK CITY GROUP INC | pcyg8k.htm |
Exhibit 99.3
Park City Group Expands Share
Repurchase Program to $6 Million
Salt Lake City, UT – May 18, 2021
– 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, to accelerate sales, control
risk, improve supply chain efficiencies, and source hard-to-find
items, today announced today that its Board of Directors has
approved the repurchase of up to $6 million of the company's common
stock, increasing the buyback from $4 million to $6 million. To
date, the Company has repurchased approximately $3 million on the
original $4 million repurchase authorization.
Under this new stock repurchase program, Park City may repurchase
shares in accordance with all applicable securities laws and
regulations. Repurchases may be made at management's discretion
from time to time on the open market or through privately
negotiated transactions. The repurchase program has been authorized
for a period of two year and it may be suspended for periods or
discontinued at any time.
The expansion of the repurchase program follows
the Company’s issuance of its Fiscal Third Quarter 2021
Earnings. A replay of the Company’s quarterly conference call
can be accessed at https://bit.ly/3eUsAk9.
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 June 30, 2020 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.
Forward-Looking Statement
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.
John Merrill, CFO
investor-relations@parkcitygroup.com
Or
FNK IR
Rob Fink
646.809.4048
rob@fnkir.com