ReposiTrak Traceability Network Adds First Fresh-Cut Produce Supplier and Nut Butter Supplier

Rhea-AI Summary

Park City Group's FSMA 204 food traceability platform signs new suppliers

Positive

• Park City Group, Inc. announced the addition of two suppliers to its ReposiTrak Traceability Network®
• Suppliers will exchange FDA-required Key Data Elements for each Critical Tracking Event in the supply chain
• The new users will ensure compliance with FSMA 204 ahead of the January 2026 deadline

Negative

• None.

The growing FSMA 204 food traceability platform has signed suppliers of fresh-cut vegetables and nut butters.

SALT LAKE CITY--(BUSINESS WIRE)-- Park City Group, Inc. (NASDAQ: PCYG), parent company of ReposiTrak, the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, today announced the addition of two suppliers who became the first in two Food Traceability List (FTL) categories to join the ReposiTrak Traceability Network^® (“RTN”). The new users will exchange the complex, FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in the supply chain, ensuring compliance ahead of the January 2026 deadline.

The suppliers will use RTN to do traceability with an in-network retail grocery chain and grocery supply chain company; the users include:

• A Colorado-based chocolate company using Nut Butters as ingredients in multiple products
• A California-based company that harvests fresh-cut leafy greens and combines with other FTL foods for packaged salad kits

“FSMA 204 requires additional recordkeeping for whole FTL foods, and when those foods are used as ingredients,” said Randy Fields, ReposiTrak chairman and CEO. “RTN automates traceability, so that KDEs follow the product in the easiest way possible, and at the lowest cost.”

The ReposiTrak Traceability Network requires no additional hardware or software and the ReposiTrak team assists in making the connections needed under the new regulation. Suppliers can connect to an unlimited number of trading partners and begin sharing data for a low, flat fee and there is no cost to retailers.

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, 2023, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231010380123/en/

Investor Relations:

John Merrill, CFO

Investor-relations@parkcitygroup.com

Or

FNK IR

Rob Fink

646.809.4048

rob@fnkir.com

Source: Park City Group, Inc.

FAQ

What is Park City Group's FSMA 204 food traceability platform?

Park City Group's FSMA 204 food traceability platform is the world's largest food traceability and regulatory compliance network.

What are the benefits of joining the ReposiTrak Traceability Network?

Joining the ReposiTrak Traceability Network allows suppliers to automate traceability, exchange FDA-required data elements, and ensure compliance with FSMA 204.

What is the deadline for compliance with FSMA 204?

The deadline for compliance with FSMA 204 is January 2026.

Is there a cost for retailers to join the ReposiTrak Traceability Network?

No, there is no cost for retailers to join the ReposiTrak Traceability Network.