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) April 6, 2004

                             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 12. Results of Operations and Financial Condition.

On April 6, 2004, Park City Group, Inc. issued a press release announcing that
it had reduced liabilities by more than $1 million during the quarter ended
March 31, 2004. A copy of the press release is attached hereto as Exhibit 99.1
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.




                                   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: April 7, 2004                        /s/ Randall K. Fields
                                          --------------------------------------
                                          Randall K. Fields, President and CEO

EX-99.1

EXHIBIT 99.1
 Press Release Dated April 6, 2004




          PARK CITY GROUP REDUCES LIABILITIES BY MORE THAN $1 MILLION
                       IN BALANCE SHEET IMPROVEMENT PLAN

Mrs. Fields Cookies Co-Founder Randall K. Fields Views Liability Reduction as a
Significant Achievement


PARK CITY, UTAH - April 06, 2004 - Park City Group, Inc. (OTCBB: PKCY) announced
that in addition to increasing sales and achieving another profitable quarter,
the Company has been able to make substantial improvements to its balance sheet.
"One of our stated business objectives has been to improve our balance sheet and
we have made very significant progress in achieving this objective. As a matter
of fact, in the current quarter alone, we are substantially ahead of what we had
expected would take a number of quarters to accomplish in terms of reducing our
liabilities. We consider this to be at least as important as the improvement to
our revenues and profits last quarter," states Randy Fields, CEO and President
of Park City Group, Inc.

Total liabilities, exclusive of deferred revenue, have been reduced by over
$1,000,000 from December 31, 2003. Deferred revenue represents the collections
in advance for annual software maintenance agreements, which is shown as a
liability, but is recorded as revenue each month over the term of the agreement.
No repayments of deferred revenue are required.

"In addition to reducing liabilities, it is impressive to note that we ended the
quarter with a significant cash balance. We saw our cash grow both compared to
the prior quarter and compared to the same quarter a year ago," said Fields.
"This has been an achievement that is shared by the entire Company, as each part
of the organization delivered what was needed to accomplish this goal. We
recognize the need to continue focusing our attention on improving our balance
sheet and we are optimistic that the improvements will continue through the
course of this year."

About Park City Group:
Park City Group, Inc. develops and markets patented computer software that helps
its retail customers to increase their sales while reducing their inventory and
labor costs: the two largest, controllable expenses in the retail industry. The
technology has its genesis in the operations of Mrs. Fields Cookies, co-founded
by Randy Fields, CEO of Park City Group, Inc. Industry leading customers such as
The Home Depot, Victoria's Secret, The Limited, Anheuser Busch Entertainment and
Tesco Lotus benefit from our software. Feel free to contact us (Media Contact
Randy Fields) at 800.772.4556 or info@parkcitygroup.com. To find out more about
Park City Group (OTCBB: PKCY), visit our website at www.parkcitygroup.com.

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 economic conditions that may change demand for
the Company's products and services 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 report on Form
10-K for the year ended June 30, 2003 filed with the Securities and Exchange
Commission. This release is comprised of interrelated information that must be
interpreted in the context of all of the information provided and care should be
exercised not to consider portions of this release out of context. Park City
Group uses paid services of investor relations organizations to promote the
Company to the investment community. Investments in any company should be
considered speculative and prior to acquisition, should be thoroughly
researched. Park City Group does not intend to update these forward-looking
statements prior to announcement of quarterly or annual results.