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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): May 14, 1998
PREMIERE TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
GEORGIA 0-27778 59-307416
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
3399 PEACHTREE ROAD, N.E.
THE LENOX BUILDING
SUITE 600
ATLANTA, GEORGIA 30326
(Address of principal executive offices, including zip code)
(404) 262-8400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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On May 14, 1998, Premiere Technologies, Inc. issued a press release
announcing that the board of directors authorized the repurchase, from time to
time on the open market or otherwise, of up to approximately 1.1 million shares
of its outstanding common stock, the maximum number allowable under pooling of
interest rules. Premiere plans to use the repurchased shares for general
corporate purposes. There are currently 45,257,582 shares of Premiere common
stock outstanding. The Press Release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
99.1 Press release regarding the share repurchase dated May 13, 1998
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 hereunto duly authorized.
PREMIERE TECHNOLOGIES, INC.
(REGISTRANT)
/s/ Harvey A. Wagner
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Harvey A. Wagner
Executive Vice President Finance and
Administration and Chief Financial Officer
Date: May 14, 1998
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Harvey A. Wagner
Executive Vice President and Chief
Financial Officer
Premiere Technologies, Inc.
(404) 262-8528
PREMIERE TECHNOLOGIES ANNOUNCES STOCK REPURCHASE PROGRAM
ATLANTA, May 14, 1998 - Premiere Technologies, inc. (NASDAQ: PTEK;
www.premtek.com) today announced that its board of directors has authorized the
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repurchase, from time to time on the open market or otherwise, of up to
approximately 1.1 million shares of its outstanding common stock, the maximum
number allowable under pooling interest rules. Premiere plans to use the
repurchased shares for general corporate purposes. There are currently
45,257,582 shares of Premiere common stock outstanding.
Atlanta-based Premiere Technologies is a leading provider of the enhanced
communications services that business professionals rely on every day. The
Company does this by integrating the Internet with voice mail, fax, e-mail,
conference calling and mobile communications. Premiere is the first single-
source provider and integrator of all these communications services through both
the internet and the telephone. The Company was founded in 1991 and employs
more than 2,200 communications professionals around the world.
Statements made in this press release, other than those concerning historical
information, should be considered forward-looking and subject to various risks
and uncertainties. Such forward-looking statements are made based on
management's belief as well as assumptions made by, and information currently
available to, management pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Premiere's actual results may differ
materially from the results anticipated in these forward-looking statements as a
result of a variety of factors, including those identified in Premiere's Annual
Report on Form 10-K for the fiscal year ended December 31, 1997, as amended, and
its Quarterly Reports on Form 10-Q filed with the Securities and Exchange
Commission.