ReposiTrak Rings NYSE Closing Bell, Marking Milestone for Company and Progress Toward Traceability

Rhea-AI Summary

ReposiTrak, a leading food traceability and regulatory compliance network, celebrated its progress towards advancing food safety and traceability by ringing the closing bell at the New York Stock Exchange. The company transitioned from Nasdaq to NYSE under the new ticker TRAK, marking a significant milestone. ReposiTrak offers solutions for food traceability, compliance, risk management, and supply chain operations, serving over 30,000 customers globally. The ReposiTrak Traceability Network(RTN) facilitates data exchange among food supply chain operators to comply with FDA's FSMA 204 food traceability law.

Positive

• ReposiTrak's uplisting from Nasdaq to NYSE under the new ticker TRAK signifies a notable achievement and milestone for the company.

• The ReposiTrak Traceability Network(RTN) enables customers to meet and exceed FDA requirements under the FSMA 204 food traceability law, showcasing the company's commitment to food safety.

• The company's broad customer base of over 30,000 retailers, wholesalers, and suppliers across 110 countries highlights its global reach and influence in the food traceability sector.

Negative

• None.

Chairman, CEO Randy Fields closes the day’s trading at the New York Stock Exchange

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak (NYSE: TRAK) Chairman and CEO Randy Fields, along with the company’s Board of Directors and senior leadership, rang the closing bell at the New York Stock Exchange on April 30, 2024. The event marked the company’s progress toward advancing food safety and traceability in the food supply chain and its uplisting from Nasdaq to the New York Stock Exchange under its new ticker (NYSE: TRAK).

“Ringing the bell at the historic New York Stock Exchange was a milestone and one that we’ll never forget,” said Randy Fields, chairman and CEO of ReposiTrak. “It was a moment to acknowledge the progress we’ve made over the last two decades in advancing food safety and traceability across the food supply chain and also, importantly, to contemplate the road ahead.”

ReposiTrak, the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, has evolved from the AMEX, to Nasdaq and in November 2023, to the NYSE. ReposiTrak serves a customer base of more than 30,000 retailers, wholesalers and suppliers in more than 110 countries through a robust solution suite consisting of three product families: food traceability, compliance and risk management, as well as supply chain solutions.

The company’s newest offering, the ReposiTrak Traceability Network^®, RTN, enables the exchange and maintenance of data between food supply chain operators, enabling customers to meet and exceed the requirements of the FDA’s FSMA 204 food traceability law. Under FSMA 204, manufacturers, processors and those who pack or hold foods on the Food Traceability List (FTL) must establish and maintain Key Data Element (KDE) records for specific Critical Tracking Events (CTEs). As an FTL food changes hands or changes form, a compounding string of data must be transferred between trading partners to provide full, end-to-end traceability.

For the ceremony, Fields was joined by members of the ReposiTrak Board of Directors and senior leadership team, including but not limited to:

Board Members:

• Robert Allen, former CEO of Southern Belle Dairy
• Ronald Hodge, former CEO of Delhaize America
• Peter Larkin, President and CEO of Larkin Consulting LLC

Leadership:

• Derek Hannum, Chief Customer Officer
• Cerina Hrasko, Vice President, Development
• John Merrill, Chief Financial Officer
• Ed Clissold, Esq., General Counsel

Watch a video of the day’s events: https://repositrak.com/blog/this-week-at-the-new-york-stock-exchange-a-milestone-for-repositrak-in-advancing-food-safety-and-traceability/

About ReposiTrak

ReposiTrak (NYSE: TRAK), formerly Park City Group, provides retailers, suppliers and wholesalers with a robust solution suite consisting of three product families: food traceability, compliance and risk management and supply chain solutions. ReposiTrak’s integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit https://repositrak.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507614449/en/

Derek Hannum

Chief Customer Officer

ReposiTrak

dhannum@repositrak.com

Source: ReposiTrak

FAQ

What was the date when ReposiTrak rang the closing bell at the NYSE?

ReposiTrak rang the closing bell at the New York Stock Exchange on April 30, 2024.

What is ReposiTrak's new ticker symbol following the uplisting from Nasdaq to NYSE?

ReposiTrak's new ticker symbol after transitioning from Nasdaq to NYSE is TRAK.

How many customers does ReposiTrak serve globally?

ReposiTrak serves a customer base of over 30,000 retailers, wholesalers, and suppliers in more than 110 countries.

What does the ReposiTrak Traceability Network(RTN) facilitate?

The ReposiTrak Traceability Network(RTN) enables the exchange and maintenance of data between food supply chain operators to comply with FDA's FSMA 204 food traceability law.