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 5, 1999
POMEROY COMPUTER RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Commission file number 0-20022
DELAWARE 31-1227808
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(State or jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
1020 Petersburg Road, Hebron, KY 41048
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(Address of principal executive offices)
Registrant's telephone number, including area code (606)586-0600
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Item 5. Other Events
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On May 5, 1999, the Company signed a definitive agreement to purchase the
assets and assume certain liabilities of Systems Atlanta Commercial, Inc., a
systems integrator and provider of technology staffing located in Atlanta,
Georgia. A copy of the press release issued by the Company regarding the
acquisition is filed herewith as Exhibit 99.5.
Item 7. Exhibits
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99.5 Press Release dated May 6, 1999
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.
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Date: June 10, 1999 By: /s/ Stephen E. Pomeroy
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Stephen E. Pomeroy, Chief Financial Officer
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Ehhibit 99.5
FOR IMMEDIATE RELEASE FOR ADDITIONAL INFORMATION:
ADDIE W. ROSENTHAL (606) 586-0600
Pomeroy Computer Acquires Systems Atlanta
Hebron, Kentucky; May 6, 1999: Pomeroy Computer Resources, (Nasdaq "PMRY"),
today announced the acquisition of Systems Atlanta Commercial Systems, Inc, an
Atlanta, Georgia-based systems integrator and provider of technology staffing.
For the year ended September 30, 1998, Systems Atlanta recorded revenues of
approximately $5.5 million. For the first six months of fiscal 1999, more than
30% of the $3.1 million in total revenues reported were the result of their
integration and technical staffing services.
In 1998, Systems Atlanta was named one of the Top 100 "Fast Track" technology
providers in the country and one of the 500 largest revenue producers by
VarBusiness magazine.
Stephen E. Pomeroy, CFO of Pomeroy Computer Resources, explains, "No matter how
you view it, geography, business philosophy, skills, target market; acquiring
Systems Atlanta made perfect sense. We had opened a services satellite location
in Atlanta to fulfill the needs of a large customer, and merging that operation
into Systems Atlanta's will provide immediate synergies. "
Adds Scott Dobson, Vice President - Systems Atlanta, "We believe that joining
Pomeroy Computer Resources is the next step in our company's plan to become the
dominant player in Atlanta's competitive market place. Systems Atlanta
customers will benefit from Pomeroy's financial strength and close working
relationships with the major technology manufacturers as well as the company's
wide service offerings. Additionally, all of our employees and managers are
very excited about the new opportunities ahead".
The Company declined to provide purchase specifics.
Pomeroy Computer Resources is one of the country's five largest network
integrators, as calculated by Network VAR magazine, and has more than 30
regional facilities in Kentucky, Iowa, Tennessee, Florida, Alabama, Indiana,
North Carolina, Ohio, Oklahoma, Texas, West Virginia and South Carolina. For the
year ended January 5, 1999, the Company reported revenues of approximately $628
million.
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