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): February 26, 1998
POMEROY COMPUTER RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20022 31-1227808
(State or other jurisdiction (Commission
(IRS Employer
of incorporation) file number)
Identification No.)
1020 Petersburg Road, Hebron, KY 41048
(Address of principal executive offices)
Registrant's telephone number, including area code (606)586-0600
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Item 5. Other Events
On February 26, 1998, the Company signed a definitive
agreement to purchase all of the stock of Global Combined
Technologies, Inc., a computer reseller and network
integrator located in Oklahoma City. The Company expects the
acquisition to close upon receipt of regulatory approvals. A
copy of the press release issued by the Company regarding
the acquisition is filed herewith as Exhibit 99.1.
Item 7. Exhibits
99.1 Press Release dated February 26, 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.
POMEROY COMPUTER RESOURCES, INC.
Date: February 26, 1998 By: /s/ Stephen E. Pomeroy
Stephen E. Pomeroy, Chief
Financial Officer
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Exhibit 99.1
For Immediate Release For more information:
Addie W. Rosenthal (606) 586-0600,
ext. 1424
POMEROY COMPUTER ACQUIRES OKLAHOMA-BASED RESELLER & INTEGRATOR
Hebron, KY: February 26, 1998: Pomeroy Computer Resources, Inc.,
(NASDAQ symbol _PMRY_), today announced the signing of a
definitive agreement for the acquisition of Global Combined
Technologies, Inc., an Oklahoma City, Oklahoma-based computer
reseller and network integrator.
In addition to its Oklahoma City headquarters, Global Combined
Technologies has facilities in Tulsa and Dallas, Texas. For the
year ended December 31, 1997 Global recorded revenues of nearly
$80 million.
States Chief Financial Officer Stephen E. Pomeroy, _This
acquisition is consistent with our current strategy of supporting
the recent initiatives enacted by Compaq Computer and IBM.
Additionally, the experience base of Global's 120 employees adds to
our expertise in several areas. The company is well managed and
profitable and the principals will sign multi-year employment
agreements._
Adds Global President Dean Higganbotham, _We believe that
combining Global with Pomeroy's extensive array of integration
services offerings will provide significant benefits to our
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customers and employees. Pomeroy's infrastructure and financial
resources will enable Global to continue its growth and success in
a highly competitive industry._
Pomeroy Computer Resources is one of the country's five largest
network integrators, as calculated by Network VAR magazine, and
including this transaction has 27 regional facilities in Alabama,
Florida, Georgia, Indiana, Iowa, Kentucky, North Carolina, Ohio,
Oklahoma, South Carolina, Tennessee, Texas and West Virginia. For
the year ended January 5, 1998, the Company reported revenues in
excess of $ 491 million.
The Company declined to disclose purchase specifics.
-end-
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