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): December 9, 1998
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 December 9, 1998, the Company signed a definitive agreement to purchase
certain assets of Access Technologies, Inc., a telecommunications and computer
networking provider located in Memphis, Tennessee. A copy of the press release
issued by the Company regarding the acquisition is filed herewith as Exhibit
99.2.
Effective January 7, 1999, Mr. Kenneth R. Waters resigned from the Board of
Directors of the Company in connection with his decision to serve on the Board
of Directors of the Company's wholly-owned subsidiary Pomeroy Select Integration
Solutions, Inc.
Effective January 7, 1999, Mr. William Lomicka was elected to the Board of
Directors to fill the vacancy created by the resignation of Mr. Waters.
Item 7. Exhibits
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99.2 Press Release dated December 9, 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.
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Date: January 29, 1999 By: /s/ Stephen E. Pomeroy
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Stephen E. Pomeroy, Chief Financial Officer
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Ehhibit 99.2
For Immediate Release For more information:
Addie W. Rosenthal (606) 586-0600, ext. 1424
POMEROY COMPUTER ACQUIRES MEMPHIS-BASED TELECOMMUNICATIONS/NETWORKING PROVIDER
Hebron, KY: December 9, 1998: Pomeroy Computer Resources, Inc., (NASDAQ symbol
"PMRY"), today announced the acquisition of Access Technologies, Inc., a
Memphis, Tennessee-based telecommunications and computer networking provider.
For the year ended December 31, 1997, Access Technologies recorded revenues of
approximately $18 million.
States Chief Financial Officer Stephen E. Pomeroy, "Access Technologies is a
very well managed and profitable organization with a customer-centered
philosophy similar to our own. Their scope of high end service offerings
complements our own, and their broad customer base throughout Tennessee,
Mississippi, Arkansas and Oklahoma is similar to our customer profile as well.
Their focus on, and experience in implementing Computer Associates' UniCenter
TNG Systems Management solutions fits well with our current relationship with
Computer Associates and our plan to offer UniCenter solutions across our
various markets. Geographically, this acquisition is a logical extension of our
current Tennessee locations, providing additional technical resources. More than
half of their nearly 100 employees are technical personnel."
Pomeroy Computer Resources is one of the country's five largest network
integrators, as calculated by Network VAR magazine, and has 29 regional
facilities in Alabama, Florida, Georgia, Indiana, Iowa, Kentucky, North
Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia 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.
