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 21, 1998
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APAC TELESERVICES, INC.
(Exact name of registrant as specified in charter)
ILLINOIS 0-26786 36-2777140
(State or other jurisdiction (Commission (IRS Employer
of incorporation) file number) Identification No.)
One Parkway North Center, Suite 510, Deerfield, IL 60015
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 847/374-4980
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. OTHER EVENTS
On December 21, 1998, Registrant issued a press release, a copy
of which is attached as Exhibit 99.1 to this Form 8-K and
incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description of Document
(99.1) Press release dated December 21 1998, issued by the
Registrant.
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: December 21, 1998 APAC TELESERVICES, INC.
By: /s/ Mark O. Remissong
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Mark O. Remissong
Chief Financial Officer
APAC'S Fourth Quarter 1998 Results to be Below Analysts' Expectations
DEERFIELD, Ill., Dec. 21 /PRNewswire/ -- APAC Teleservices, Inc. (Nasdaq: APAC
news), today announced it anticipates it will report results for its fourth
fiscal quarter ended December 27, 1998 which are significantly lower than
current analysts' earnings expectations of $0.09 per share. The Company does not
expect to be profitable in the fourth quarter, primarily as a result of lower
estimated revenues. The Company anticipates its fourth quarter net revenue will
be below net revenue recorded for the third quarter. Actual results for the
quarter remain partially dependent on the results of certain of the Company's
operations for the remainder of the quarter. The Company anticipates reporting
the results of its fourth quarter operations in mid-February, 1999.
Revenues from the Company's largest telecommunications customer will be
significantly below third quarter levels, due to unexpected downward changes in
the customer's level of business with the Company during the course of the
quarter. Primarily as a result of these unexpected changes, revenues of the
Company's Sales Solutions division for the fourth quarter will be significantly
below third quarter levels.
This release contains certain statements that describe the Company's assessments
of future business conditions and the outlook for the Company based on available
information. Whenever possible, the Company has identified these
"forward-looking" statements (as defined in Section 21E of the Securities and
Exchange Act of 1934) by words such as "anticipates," "believes," "estimates,"
"expects," and similar phrases. These forward- looking statements are based upon
assumptions the Company believes are reasonable; however such statements are
subject to risks and uncertainties which could cause the Company's actual
results to differ materially from those expressed in, or implied by, these
statements. Some forward looking statements in this release concern anticipated
revenue levels, cost estimates and resulting earnings that are not necessarily
indicative of subsequent periods due to the level and mix of future sales, which
may vary significantly from quarter to quarter. The Company assumes no
obligation to update publicly any forward-looking statements whether as a result
of new information, future events or otherwise. A discussion of the risks and
uncertainties related to forward-looking statements by the Company is contained
in its Form 10-K Report for the fiscal year ended December 28, 1997 filed with
the Securities & Exchange Commission on March 27, 1998.
SOURCE: APAC TeleServices, Inc.
