<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 20, 1999
COMPLETE BUSINESS SOLUTIONS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MICHIGAN
(STATE OR OTHER JURISDICTION OF INCORPORATION)
0-22141 38-2606945
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NUMBER)
32605 WEST TWELVE MILE ROAD, SUITE 250, FARMINGTON HILLS, MI 48334
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(248) 488-2088
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NONE
(FORMER NAME AND FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Item 5. OTHER EVENTS
On January 15, 1999 Complete Business Solutions, Inc. ("CBSI") issued a press
release announcing that it plans to release earnings on February 2, 1999 and
announcing that CBSI expects to meet or exceed analysts' estimates of earnings
per share. The entirety of the press release is attached to this report as an
exhibit.
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<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
99.1 Press Release Dated January 15, 1999
</TABLE>
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Complete Business Solutions, Inc.
Dated: January 20, 1999
By: /s/ Timothy S. Manney
---------------------------------
Timothy S. Manney
Executive Vice President for
Finance and Administration
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Exhibit Index
-------------
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
99.1 Press Release Dated January 15, 1999
</TABLE>
<PAGE> 1
COMPLETE BUSINESS SOLUTIONS, INC.
32605 W. TWELVE MILE RD.
SUITE 250
FARMINGTON HILLS, MI 48334
NASDAQ: CBSI
<TABLE>
<S> <C> <C> <C>
AT THE COMPANY: AT FRB CHICAGO: EMAIL ADDRESS:
Tim Manney Gail Lutey George Zagoudis -- General Info [email protected]
EVP Finance and Investor/Public Relations Margaret Huebner -- Analysts [email protected]
Administration (248) 848-2217 Darcy Bretz -- Media Contact [email protected]
(248) 488-2088 email: [email protected] (312) 266-7800
</TABLE>
FOR IMMEDIATE RELEASE
FRIDAY, JANUARY 15, 1999
COMPLETE BUSINESS SOLUTIONS, INC. EXPECTS TO MEET OR EXCEED ESTIMATES
FARMINGTON HILLS, MI., JANUARY 15, 1999 -- Complete Business Solutions, Inc.
(Nasdaq: CBSI), a worldwide information technology (IT) consultant and service
provider, offering clients flexible global delivery capabilities, announced that
it plans to release earnings on February 2, 1999 for the year ended December 31,
1998. Management today stated that the Company is expected to meet or exceed
analysts' estimates of earnings per share. "All is on-track with our
expectations," said Raj Vattikuti, President and Chief Executive Officer.
Founded in 1985, CBSI is a worldwide provider of information technology ("IT")
services offering clients flexible global delivery capabilities. The Company
offers its clients a broad range of IT services, from advising clients on
strategic technology plans to developing and implementing appropriate IT
applications solutions. CBSI offers custom-tailored solutions based on an
assessment of each client's needs. The Company's services include: IT consulting
services; large systems applications development and maintenance; reengineering
legacy applications to client/server technology; client/server applications
development; packaged software implementation; Year 2000 conversion and testing
services; and contract programming services.
With the exception of statements regarding historical matters and statements
regarding the Company's current status, certain matters discussed herein are
forward-looking statements that involve substantial risks and uncertainties.
Such forward-looking statements may be identified by the use of the words
"anticipate", "believe", "estimate", "expect", "intend" and similar expressions.
Actual results, performance or achievements could differ materially from these
forward-looking statements. Factors that could cause or contribute to such
material differences include the failure to recruit, train and retain skilled IT
professionals, failure to properly manage acquisitions, variability of quarterly
operating results, government regulation of immigration, potential cost overruns
on fixed-price projects, increasing significance and risks of non-U.S.
operations, decreasing demand for Year 2000 services, exposure to regulatory,
political and general economic conditions in India, competition in the IT
services industry, or other factors as described in the Company's filings with
the US Securities and Exchange Commission (SEC).
