Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that it has significantly strengthened its leadership with additions to its management team. The enhancements to Park City Group’s management team include the appointment of David Colbert to the position of Vice President and Chief Financial Officer, and the addition of Steve K. Davis in a leading sales and marketing capacity to expand Company base of retail supplier customers. Mr. Colbert replaces John Merrill, who left the Company at the end of June 2010.
These management changes further enhance the Company’s leadership following the recently announced appointment of C. Manly Molpus to serve on Park City Group’s Board of Directors. Mr. Molpus has an impressive background representing suppliers and consumer products companies to the retailing industry.
“As we close the books on our fiscal year 2010 which will reflect impressive growth and significant accomplishments, we are setting our sights on much higher ground. We are attracting higher caliber professionals and industry veterans who we believe will contribute to Park City Group achieving its future goals,” said Randall K. Fields, Park City Group’s Chairman and CEO. “The strengthening of our Board of Directors and management team is an integral step forward as we develop a more focused approach to supplier relationships supported by our growing retailer base developed over the past year. This progression of our business model will benefit all of our customers, while delivering incremental revenues and profits to Park City Group.”
David Colbert has nearly two decades experience in both the public and private sectors of corporate finance. Prior to joining Park City Group, he was most recently Co-founder, Chief Financial Officer and VP of Operations for Sendside Networks, Inc., a privately held software-as-a-service company. Earlier in his career, Mr. Colbert spent 14 years with Kimberly-Clark Corporation, a Standard & Poor’s 500 company, where he held various positions of increasing responsibility in finance, accounting and strategic planning. In his final Kimberly-Clark role, Mr. Colbert was responsible for all accounting, reporting and strategic analysis for a $200-plus million wholly-owned subsidiary. Mr. Colbert holds a Bachelors degree in Finance and Marketing from the University of Iowa and an MBA from Emory University.