We would like to thank this company for presenting at our 5th Annual Small Cap Equity Conference held May 6th, 2008 at the Le Parker Meridien New York City. If you missed the event, you can still hear the presentations via our streaming audio archive.  Click here Listen!

Updated Research Report (Dated March 14, 2008)

*The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from the Director of Research. All research issued by Taglich Brothers, Inc. is based on public information. In June 2006, Taglich Brothers acted as the placement agent of 1,818,000 Park City Group, Inc. common shares at $2.75 per share and 182,000 warrants exercisable at $3.03 per share (all figures reflect the 1-for-50 reverse stock split that occurred on August 11, 2006). Also, in June 2007, Taglich Brothers, Inc. raised $5.840 million for the company through a private placement of $10 Series A 7% Convertible Preferred, which is convertible at $3.00 per share. The company paid for the creation and dissemination of research reports for the first year a monetary fee of $21,000 (USD) on September 2006, and after the first year of publication will pay a monthly monetary fee of $1,750 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports. For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.

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