8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) OCTOBER 16, 2003

                              PARK CITY GROUP, INC.
              -----------------------------------------------------
             (Exact name of registrant as specified in its chapter)

            NEVADA                     0003718                   37-1454128
- -----------------------------       -------------            -------------------
(State or other jurisdiction         (Commission               (IRS Employer
     of incorporation)               File Number)            Identification No.)

                 333 Main Street #300
                 Park City, UT 84060                               84060
            -----------------------------                        ----------
            (Principal executive offices)                        (Zip Code)


       Registrant's telephone number, including area code (435) 649-2221

                                      N/A
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)



                    INFORMATION TO BE INCLUDED IN THE REPORT

Item 1. Changes in Control of Registrant.
         N/A

Item 2. Acquisition or Disposition of Assets.
         N/A

Item 3. Bankruptcy or Receivership.
         N/A

Item 4. Changes in Registrant's Certifying Accountant.
         N/A

Item 5. Other Events and Regulation FD Disclosure.
         N/A

Item 6. Resignations of Registrant's Directors.
         N/A

Item 7. Financial Statements and Exhibits.

         99.01    Press release dated October 16, 2003 announcing earnings for
                  Park City Group, Inc. for year ending 6/30/03. 10K for period
                  ending June 30, 2003, by reference 10Q for period ending March
                  31, 2003 by reference

Item 8. Change in Fiscal Year.
         N/A

Item 9. Regulation FD Disclosure.

On October 16, 2003, Park City Group, Inc. issued a press release announcing its
operating and financial results for the year ended June 30, 2003. A copy of the
press release is attached hereto as Exhibit 99.01 and is incorporated herein in
its entirety by reference into this Item 9. The information furnished in this
Item 9 (which is being furnished under Item 12) shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall such information
be deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, except as shall be expressly set forth by specific reference
in such a filing.

Item 10. Amendments to the Registrant's Code of Ethics, or Waiver of a Provision
of the Code of Ethics;

Item 11.  Public notice of a pension fund blackout period

Item 12.  Results of Operation and Financial Condition

See Item 9.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           PARK CITY GROUP, INC.
                                           (Registrant)


Date:  October 20, 2003                    /s/ Randall K. Fields
                                          --------------------------------------
                                           Randall K. Fields, President and CEO

EX-99.1

EXHIBIT 99.1
Press Release Dated October 16, 2003



Park City Group Reports Fiscal 2003 Year-End Financial Results -- Revenues
Increase Thirty-Eight Percent Over Fiscal 2002

Positive Momentum Due to Significant Customer Results Sparks Increased Sales
Activity for Park City Group's Fresh Market Manager

PARK CITY, UT, Oct. 16, 2003 (MARKET WIRE via COMTEX) -- Park City Group, Inc.
(OTC BB: PKCY) today reported financial results for its fiscal year ended June
30, 2003. Revenues for the year increased 38 percent to $5.4 million when
compared to reported revenues of $3.9 million for fiscal 2002. According to Park
City Group CEO and President, Randy Fields, the company's fiscal 2003 revenues
improved in all categories: software licensing increased 59 percent, maintenance
and support increased eight percent, and consulting services increased
considerably to 111 percent when compared to fiscal 2002. "The increase in our
consulting services is significant to the company's marketing strategy," said
Fields. "Our operations-oriented consultants have assisted our customers in
obtaining the most from their software investment and these efforts have led to
increases in our recurring maintenance revenues."

The company reported a loss from operations of $2.8 million, or an operating
loss per share of $0.014 as compared to a loss from operations of $1.2 million,
or an operating loss per share of $0.008 for fiscal year 2002. A net loss of
$5.0 million, or a net loss per share of $0.025 was reported for fiscal 2003
versus a net loss of $3.4, or a loss per share of $0.022 for fiscal 2002. "There
were three significant expenses that influenced the results for fiscal 2003.
Because we have directed our focus on the Fresh Market Manager application, we
took a $2.2 million single impairment loss of capitalized software development
costs for ActionManager. This represents approximately 44 percent of the total
reported loss for fiscal 2003. The company also reported non-cash interest
expenses from the issuance of common stock, warrants and discounts associated
with the consolidation and re-negotiation of the company's debt financing. And
the company incurred significant expenses in settling outstanding legal claims.
Collectively, these primarily non-cash expenses account for approximately 74
percent of the net loss," said Fields. "With the substantial completion of
product development and concerted efforts to reduce and contain operating
expenses, we anticipate a substantial reduction in operating expenses in fiscal
2004," added Fields.

"We believe that our market has become better educated and now understands the
benefits of a strong perishable product management program," noted Fields. "This
acceptance has increased industry awareness of our Fresh Market Manager product.
We have seen an increased number of presentations to senior level executives
from those prospective customers that have been waiting for proof of concept --
that Fresh Market Manager can really deliver a significant anticipated return on
investment. The impressive economic results for our initial Fresh Market Manager
customers will be the catalyst for potential customers to finally move from the
sidelines and enter into license agreements for Fresh Market Manager."

Park City Group customers have reported a return on investment in less than nine
months, "This is an impressive timeframe when compared to most enterprise
software deployments," said Fields. "During the first quarter of fiscal 2004 we
have increased sales interest in our products and, when comparing the number of
proposals and other sales indicators to those of prior periods, there are strong
indications that our products are gaining market momentum."



Park City Group, Inc.

Park City Group is a leading provider of software and services for business
productivity. The company uniquely leverages its expertise in retail operations
management and state-of-the-art, patented technologies to simplify the planning
and execution of complex processes; deliver timely, relevant and "action-able"
information; and improve its customers' profitability by putting the "best
manager" in every store. The software was developed initially for the Mrs.
Fields Cookies business, co-founded by Randall K. Fields, the CEO of Park City
Group, Inc. To date, the company has sold to or installed its software solutions
in over 52,000 customer locations. For additional information, please contact
Park City Group at 800.835.8824, info@parkcitygroup.com (e-mail), or visit the
corporate website at www.parkcitygroup.com.

Forward-Looking Statement

Statements in this press release that relate to Park City Group's future plans,
objectives, expectations, performance, events and the like are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities Exchange Act of 1934. Future events, risks and
uncertainties, individually or in the aggregate, could cause actual results to
differ materially from those expressed or implied in these statements. Those
factors could include changes in worldwide and U.S. economic conditions that
materially impact consumer spending and consumer debt, changes in demand for the
Company's products and services, risks associated with the integration of
acquisitions and other investments, and other factors discussed in the
"forward-looking information" section and the "risk factor" section of the
management's discussion and analysis included in the Company's annual report on
Form 10- K for the year ended June 30, 2003 filed with the Securities and
Exchange Commission. Park City Group does not intend to update these
forward-looking statements prior to announcement of quarterly or annual results.

Marty Tullio
McCloud Communications
949.566.9860
marty@mccloudcommunications.com
SOURCE: Park City Group, Inc.

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