Dec 14 (Reuters) - Park City Capital, LLC:
* We are asking shareholders to add our two independent director nominees to ARI's six-member staggered board
* "Believe ARI board has not adequately reviewed, considered current opportunity that Board has to sell co at a significant premium"
* Park City Capital, LLC says has initiated a proxy contest to elect two new directors to ARI Network Services, Inc Board
* Owns approximately 5.7% of shares of ARI Network Services, Inc. Source text for Eikon: Further company coverage: