SOURCE: PARK CITY GROUP, INC.

April 11, 2007 10:15 ET

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.com

Taglich 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