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SECURITIES AND EXCHANGE COMMISSION PRIVATE
Washington, DC 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 9, 1998
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PERSONNEL GROUP OF AMERICA, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 001-13956 56-1930691
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
6302 Fairview Road, Suite 201
Charlotte, North Carolina 28210
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(Address of Principal Executive Offices)
(Zip Code)
(704) 442-5100
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former name or address, if changed from last report)
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Item 5. Other Events.
Personnel Group of America, Inc. issued a press release on April 9,
1998 (a copy of which is attached as Exhibit 99.1), the contents of which are
incorporated herein by reference.
Item 7. Exhibits.
The following exhibit is filed as part of this report.
Exhibit 99.1 -- Press release dated April 9, 1998
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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 hereunto duly authorized.
Date: April 9, 1998
PERSONNEL GROUP OF AMERICA, INC.
By: /s/ KEN R. BRAMLETT, JR.
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Ken R. Bramlett, Jr.
Senior Vice President
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Exhibit Index
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<CAPTION>
Exhibit Exhibit No.
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Press release dated April 9, 1998 99.1
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EXHIBIT 99.1
[PGA LOGO]
PERSONNEL GROUP OF AMERICA, INC. NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: James C. Hunt
Senior Vice President and
Chief Financial Officer
Ken R. Bramlett, Jr.
Senior Vice President and
General Counsel
PERSONNEL GROUP OF AMERICA, INC.
ACQUIRES TRILOGY CONSULTING CORPORATION
CHARLOTTE, NC (April 9, 1998) -- Personnel Group of America, Inc. (NYSE:PGA), a
leading information technology services and commercial staffing company
headquartered in Charlotte, today announced that it has acquired Trilogy
Consulting Corporation, a leading Chicago-based provider of information
technology staffing and consulting services. Founded in 1982, Trilogy has
approximately 350 consultants on assignment and is one of the largest providers
of SAS programmers and developers to the pharmaceutical and biotech industries
in the United States. Trilogy operates offices in Waukegan, Illinois (greater
Chicago area); Princeton, New Jersey; Research Triangle Park, North Carolina;
and San Mateo, California; and a development center in Kalamazoo, Michigan.
"We are excited to announce the Trilogy acquisition, as it will mark
our entry into the specialized SAS area and give us a strong presence in several
new geographic markets," said Edward P. Drudge, Jr., PGA's chairman and chief
executive officer. "Trilogy is a market leader in the SAS area nationally, and
we are enthusiastic about using Trilogy's specialized expertise throughout our
IT division. Trilogy's Kalamazoo development facility also will substantially
increase PGA's off-site development capacity. Just as we have in the past, we
will preserve Trilogy's brand name and continue to build on the excellent
reputation for quality service that the company has developed in all of its
markets."
Personnel Group of America, Inc. is a diversified staffing services
company providing a full range of information technology services and commercial
staffing solutions. With this acquisition, the Company now operates through 137
offices in 25 states and the District of Columbia. PGA's Information Technology
Division is comprised of 14 companies, and its Commercial Staffing Division is
comprised of 24 companies. Each of PGA's companies operates in a decentralized
manner and typically retains its local brand name.
Information contained in this press release, other than historical
information, may be considered forward-looking in nature and is subject to
various risks, uncertainties and assumptions. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
expected. Among the key factors that may have a direct bearing on PGA's
operating results, performance or financial condition are fluctuations in the
economy, the degree and nature of competition and the demand for PGA's services,
changes in laws and regulations affecting PGA's business, PGA's inability at any
time to complete acquisitions and integrate the operations of acquired
businesses, to recruit and place temporary professionals, to expand into new
markets, and to maintain profit margins in the face of pricing pressures, and
numerous other factors discussed in PGA's filings with the Securities and
Exchange Commission.
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