GMDC, ReposiTrak Partner to Provide Trading Platfo
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COLORADO SPRINGS, Colo., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Global Market Development Center , an association that connects its members to advance innovation in the retail marketplace, and ReposiTrak, Inc. , the leading provider of Compliance Management and Track & Trace solutions for the grocery and foodservice industries, are partnering to enhance the discovery process and improve collaboration in essential non-food and high-gross margin categories for all channels.
Under the agreement, ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ: PCYG ), will be the exclusive solution provider endorsed by GMDC for compliance management and the sourcing of retail-ready vendors. GMDC will introduce ReposiTrak to its members, whose combined volume represents more than 125,000 retail outlets and more than $500 billion in sales.
“ReposiTrak is a pioneering innovator in delivering robust retail management software solutions for our rapidly changing industry,” said Patrick Spear, president and CEO of GMDC. “This technology will equip our members with a toolbox for success in a constantly evolving marketplace. We are thrilled to partner with ReposiTrak as we continue to advance and expand our ecosystem.”
ReposiTrak® helps companies reduce their regulatory, financial and brand risk in the supply chain. Powered by Park City Group’s technology, the solution has two primary applications including:
- Compliance Management , which can automate the collection and management of a GMDC member’s required documentation from their supply chain partners such as supplier agreements, insurance certificates, and factory audits, dramatically reducing risk to their extended supply chain.
- MarketPlace , a platform for GMDC member retailers and wholesalers to source qualified suppliers in ReposiTrak’s community of 40,000+ connections, saving weeks of time, and removing friction between trading partners in the quest to bring new products to the shelf as quickly as possible.
“GMDC is committed to helping its members drive growth through collaboration, so it is rewarding to join them in leveraging our technology to drive this effort,” said Randy Fields, Chairman & CEO of Park City Group. “We are proud to be partnering with GMDC to offer our Compliance Management and Marketplace applications to their members. Given GMDC’s reputation and scale, this partnership solidifies ReposiTrak as the industry standard across all vendors and categories in the supermarket and will bolster the rapid adoption we are experiencing.”
About GMDC Global Market Development Center (GMDC) energizes members and the marketplace by advancing a culture of Connect-Collaborate-Create-Commerce. As the leading GM and HBW trade association, GMDC is dedicated to serving its ecosystem of more than 600 General Merchandise and Health Beauty Wellness retailers, wholesalers, suppliers and service/solution member companies by enabling consumer-facing innovation and retail reimagined. GMDC's combined member volume represents more than 125,000 retail outlets and more than $500 billion in sales. To learn more, visit www.gmdc.org .
About ReposiTrak ReposiTrak, Inc. is a wholly owned subsidiary of Park City Group (NASDAQ: PCYG ) and was co-founded with Leavitt Partners. ReposiTrak® provides grocery retailers and suppliers with a robust solution to help them protect their brands and remain in compliance with evolving government regulations and industry standards. Additionally, ReposiTrak enables traceability as products and their ingredients move between trading partners and now helps its customers to source new compliant suppliers and drive sales through MarketPlace. More information is available at www.repositrak.com .
Media Contacts: For GMDC Todd Smith, Deane | Smith President, CEO todd@deanesmith.agency
Mark Mechelse, GMDC Director of Insights & Communications markm@gmdc.org
For Park City Group/ReposiTrak Media Contact Ron Margulis RAM Communications 1.908.337.0020 ron@rampr.com
Investor Contact Jeff Elliott Three Part Advisors 1.972.423.7070 jelliott@threepa.com
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