Feb. 12, 2013 (Shareholders Foundation) -- An investigation on behalf of current long-term stockholders of shares of Park City Group, Inc. (NYSEAMEX:PCYG) was announced concerning whether certain Park City Group officers and directors possibly breached their fiduciary duties in connection with certain statements.

The investigation by a law firm concerns whether certain Park City Group, Inc. officers and directors breached their fiduciary duties in connection with the proposed vote scheduled for March 18, 2013 to approve an amendment and restatement to Park City Group, Inc. (NYSEAMEX:PCYG) 2011 Employee Stock Purchase Plan and 2011 Stock Incentive Plan to increase the number of authorized shares.

Park City Group, Inc. (NYSEAMEX:PCYG) reported that its Total Revenue declined from $10.75 million for the 12 months period that ended on June 30, 2011 to $10.10 million for the 12 months period that ended on June 30, 2012 and its Net Loss for those respective time periods increased from $0.21 million to $0.86 million.

The compensation of certain top officials at Park City Group, Inc. (NYSEAMEX:PCYG) increased between 2011 and 2012. For instance, the CEO and Chairman of the Boards total pay rose from over $586,000 in 2011 to over $679,000 in 2012 and the former CFOs total compensation increased from over $188,000 in 2011 to over $204,000 in 2012.

Shares of Park City Group, Inc. (NYSEAMEX:PCYG) declined from as high as $4.25 per share in April 2012 to as low as $2.80 per share in Dec. 2012.

On Feb. 12, 2013, NYSEAMEX:PCYG shares closed at $3.25 per share.