Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that it has been selected by the International Periodical Distributors Association (IPDA) for enhanced technology solutions to optimize retails sales and supply chain management for its organization members. The IPDA, a trade association representing National Distributors and publishers of magazines and books, will utilize Park City Group technology to gather Point of Sale data with the ultimate goal of improving the sale of magazines to consumers at the retail level Magazines represent over $4.5 billion annually in retail sales, according to the IPDA, ranking it in the top 30 among 400 categories tracked at the store level.
“The selection of Park City Group by IPDA, a magazine and book industry trade association, stands out as an acknowledgement of our best in breed solutions to aggregate and drive sales and control costs throughout the retail supply chain,” said Randall K. Fields, Park City Group’s Chairman and CEO. “We are commencing an initial phase of work with IPDA which should deliver to us substantial revenue now with significant upside in the future as our association progresses. Our collaboration with IPDA demonstrates that when suppliers of consumer goods need a competitive edge, the choice should be Park City Group for its unique and scalable scan sales data facility, visibility and analytics tools and related supply chain management technologies.”
“We are impressed with the expertise developed and provided by Park City Group,” said Jerry Lynch, President of IPDA. “Beyond traditional retail-level business issues, periodicals represent a very large and complex product category. The seasonality and variability of sales by title and retail channel creates a unique set of challenges for all parties involved in the industry. The development of a common repository of point-of-sale information by Park City Group will facilitate increased collaboration with the ultimate goal being improved sales and efficiency in the supply chain.