UNITED STATES 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) APRIL 13, 1999
PAMECO CORPORATION
(Exact name of registrant as specified in its charter)
Commission File No: 001-12837
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GEORGIA 51-0287654
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(State or other jurisdiction (I.R.S. employer
of incorporation or identification
organization) number)
1000 CENTER PLACE
NORCROSS, GA 30093
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(Address of principal executive offices)
(770)-798-0700
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On April 13, 1999, the Registrant issued a Press Release
regarding Completion of Initial Phase of MIS Problem Identification,
attached hereto as Exhibit 99.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
PAMECO CORPORATION
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(Registrant)
By: /s/ THEODORE R. KALLGREN
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Theodore R. Kallgren
Chief Financial Officer
April 13, 1999 (Mr. Kallgren has been duly authorized
to sign on behalf of the registrant)
PAMECO
CORP
CONTACT:
Theodore R. Kallgren, CFO Van Negris / Philip J. Denning
Pameco Corporation Kehoe, White, Van Negris & Company, Inc.
(770) 798-0600 (212) 396-0606
FOR IMMEDIATE RELEASE
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PAMECO COMPLETES INITIAL PHASE OF MIS PROBLEM IDENTIFICATION;
COMPANY TO IMPLEMENT INTERNET-BASED BRANCH REPORTING SYSTEM
NORCROSS, GA - APRIL 13, 1999 - Pameco Corporation (NYSE: PCN) today said
that the initial phase of identifying problems relating to the
implementation of the Company's new enterprise-wide management information
system has been completed. CD Group, Inc., which has successfully
implemented over 65 JD Edwards enterprise software solutions, is assisting
in the resolution of Pameco's new MIS system. The previously announced
assessment of the Company's information technologies by Computer Associates
International, Inc. has also been completed.
The Company announced that it will implement its strategy to create an
Internet-based branch information system, which is expected to become
operational during the latter part of 1999. The new system will provide
Internet-based communication and information sharing capabilities.
The Company stated that it will continue to report to shareholders bi-weekly
through press releases updating the status of the Company's operating
results. To further insure strict compliance with the disclosure policy,
neither the Company nor any officer or director of the Company will comment
on the status of operations outside the content of the bi-weekly releases
until after the final audited results for the fiscal year are published and
filed with the SEC in a Form 10-K report.
Pameco Corporation has established a leading position in the consolidating
distribution segment of the climate control industry, building a centralized
national distribution network. Pameco's products include a complete range
of heating, air conditioning and refrigeration ("HVAC/R") equipment, parts
and supplies for the light commercial and residential HVAC markets and
commercial refrigeration market. The products sold by Pameco are used
principally for the repair and replacement of existing HVAC/R and for new
construction. The Company has 358 branches and 6 distribution centers in 47
states and in 95 of the top 100 population centers in the United States.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Certain statements and other information contained in this press
release are "forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties including, without limitation, the Company's plans for future
business development activities, product mix, margin enhancements, the
timely review of the Company's MIS and the successful implementation of the
MIS and any additional enterprise wide software required to enhance the
functionality thereof, eventual improvements to the Company's logistics and
delivery system through the MIS, the Company's ability to operate acquired
companies in a profitable manner, and other risks and uncertainties
described in the Company's reports and filings with the Securities and
Exchange Commission. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance, involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. The projections contained
herein speak only to the Company's expectations as of the date of this press
release. The Company expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any such statement to reflect
any change in the Company's expectations or any change in events, conditions
or circumstances on which any such statement is based.
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