ReposiTrak Traceability Network Adds Herb and Leafy Greens Supplier and Fresh Vegetable Supplier

Rhea-AI Summary

Leading FSMA 204 food traceability platform expands market share by adding two produce suppliers to ReposiTrak Traceability Network

Positive

• ReposiTrak, the world's largest food traceability and regulatory compliance network, has added two produce suppliers to its platform
• Suppliers will exchange complex FDA-required Key Data Elements for each Critical Tracking Event in the supply chain
• Suppliers will use ReposiTrak Traceability Network to do traceability with a retail grocery chain with nearly 300 stores
• The addition of new users ensures compliance ahead of the January 2026 deadline
• ReposiTrak's solution is easy and inexpensive for companies of any size, with no additional hardware or software required

Negative

• None.

Leading FSMA 204 food traceability platform continues to expand market share, signs supplier of fresh herbs and leafy greens, and third-generation vegetable grower

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 produce suppliers to the ReposiTrak Traceability Network^® (“RTN”). The new users will exchange 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 with nearly 300 stores; the users include:

• A southern California-based grower, shipper and distributer of fresh herbs, leafy greens and other produce
• A third-generation Minnesota produce company that grows, packs and markets fresh vegetables

“The ReposiTrak Traceability Network is easy and inexpensive, whether it’s used for a supplier’s entire portfolio or only for select products,” said Randy Fields, ReposiTrak chairman and CEO. “Our solution is for companies of any size and our unparalleled team of experts is always here to help.”

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/20231019032254/en/

Media Contact

Ron Margulis

RAM Communications

908-337-0020

ron@rampr.com

Investor Relations Contact:

John Merrill, CFO

Investor-relations@parkcitygroup.com

Source: Park City Group, Inc.

FAQ

What is ReposiTrak?

ReposiTrak is the world's largest food traceability and regulatory compliance network.

What is the ReposiTrak Traceability Network?

The ReposiTrak Traceability Network is a platform that allows suppliers to exchange complex FDA-required data for traceability in the supply chain.

What is the benefit of using ReposiTrak Traceability Network?

Using ReposiTrak Traceability Network ensures compliance with FDA regulations and allows companies to easily trace their products in the supply chain.

How much does it cost to use ReposiTrak Traceability Network?

Suppliers can connect to an unlimited number of trading partners for a low, flat fee, and there is no cost to retailers.