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The Utah-based Park City Group, a software-as-a-service provider of supply chain solutions for retailers and their suppliers, will move trading in its shares to the NASDAQ Capital Market starting Oct. 28.

The company had been trading on NYSE MKT, formerly the American Stock Exchange.

"We are excited about the move to NASDAQ and look forward to leveraging their technologically advanced trading platform to reach investors around the world," said Randall K. Fields, chair and chief executive officer of the company. "We believe that with the progress the company has made and the significant opportunities that lay ahead, the NASDAQ is an ideal fit for Park City Group and will provide investors with fast, high quality trades in a cost effective structure for the company. We also look forward to joining many other leading technology companies already listed on the NASDAQ."

The company will retain its current ticker symbol, PCYG, when trading begins on the NASDAQ.

The company uses software to help companies make sure a product is on the shelf when the consumer expects it as well as providing food safety tracking information. According to the company, its service increases sales while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers.

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