Taglich Brothers Initiates Coverage on Park City Group, Inc.
NEW YORK, NY -- (MARKET WIRE) -- April 11, 2007 -- Taglich Brothers, Inc. announces
that it has initiated coverage of Park City Group, Inc. (OTCBB: PCYG).
Park City Group, Inc. (OTCBB: PCYG), headquartered in Park
City, Utah, develops and markets patented software applications that helps
its customers (retailer and suppliers) increase sales while reducing their
two largest controllable expenses, inventory and labor. The Company's
Business Analytics unit provides customers the opportunity to act on
actionable information generated from its software portfolio, which
consists of Supply Chain Profit Link (SCPL), Fresh Market Manager, and
ActionManager™.
The complete 29-page report is available at www.taglichbrothers.comTaglich Brothers, Inc. is a
full-service broker dealer focused exclusively on microcap companies. The
Company defines the microcap segment of the equity market as companies with
less than $250 million in market capitalization. Taglich Brothers currently
offers institutional and retail brokerage services, investment banking and
comprehensive research coverage to the investment community.
* We do not undertake to advise you as to changes in figures or our views.
This is not a solicitation of any order to buy or sell. Taglich Brothers,
Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a
market maker and does not sell to or buy from customers on a principal
basis. The above statement is the opinion of Taglich Brothers, Inc. and is
not a guarantee that the target price for the stock will be met or that
predicted business results for the company will occur. There may be
instances when fundamental, technical and quantitative opinions contained
in this report are not in concert. We, our affiliates, any officer,
director or stockholder or any member of their families may from time to
time purchase or sell any of the above-mentioned or related securities.
Analysts and members of the Research Department are prohibited from buying
or selling securities issued by the companies that Taglich Brothers, Inc.
has a research relationship with, except if ownership of such securities
was prior to the start of such relationship, then an Analyst or member of
the Research Department may sell such securities after obtaining expressed
written permission from the Director of Research. As of April 10, 2007,
Michael Taglich, President, and Robert Taglich, Managing Director, each own
89,860 shares and 72,727 shares, respectively, of PCYG restricted common
stock. As of September 12, 2006, Michael Taglich and Robert Taglich, each
own 48,231 warrants that were attained from a private placement for the
company in June 2006. Also, Michael Taglich owns or has a controlling
interest in 65,000 common shares. Doug Hailey, Director of Investment
Banking, owns 13,636 warrants that were attained from a private placement
for the company in June 2006. Robert Schroeder, Vice President of
Investment Banking, owns 40,000 warrants that were attained from a private
placement for the company in June 2006. Vincent Palmieri, Vice President of
Capital Markets, owns 10,000 warrants that were attained from a private
placement for the company in June 2006. Michael Brunone, Executive Vice
President, owns or has a controlling interest in 7,000 warrants that were
attained from a private placement for the company in June 2006. Russell
Bernier, Vice President of Institutional Sales, owns 4,720 warrants of PCYG
that were attained from a private placement for the company in June 2006.
Richard Oh, Managing Director and Director of Research, owns 10,000
warrants that were attained from a private placement for the company in
June 2006. In June 2006, Taglich Brothers, Inc. raised $5,000,000 for the
company through a private placement of 1,183,149 shares of unregistered
common stock. The company paid for the creation and dissemination of
research reports for the first year a monetary fee of $21,000 (USD) on
September 2006, and after the first year of publication will pay a monthly
monetary fee of $1,750 (USD) to Taglich Brothers, Inc., for the creation
and dissemination of research reports.
Contact Information: Contact:
Rick Oh
Taglich Brothers, Inc.
631-757-1500