I'm posting the entire news release from the other PMRY thread - looks pretty good! Thanks for posting this, Karim
HEBRON, Ky.--(BUSINESS WIRE)--Jan. 27, 1997-- Pomeroy Computer Resources Inc , today announced the
receipt of two networking products contracts worth a combined estimated value of $15 million over the upcoming
fiscal year, one for a Kentucky-based medical and health care provider and the other for a Tennessee-based regional
banking organization.
The company also announced today its receipt of a services contract with an Iowa-based insurance company for an
estimated value of $.5 million over the upcoming fiscal year.
In additional, the company announced gross revenues for the quarter and year ended Jan. 5, 1997. For the quarter,
gross revenues increased approximately 72.0% to $102 million from $59.3 million for the prior comparable
quarter. For the year, gross revenues increased approximately 45.0% to $335 million from $231 million for the
prior year. The company expects to release earnings for fiscal 1996 by mid-February.
The company also reported the planned opening of four new regional facilities: Columbus, Ohio; Memphis, Tenn.;
Montgomery, Ala.; and Tampa, Fla.
Certain of the statements in the first paragraph regarding estimates of revenues to be generated by contracts
constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and are subject to the safe harbor provisions thereof. Those estimates are based on terms of the contracts
and assumptions regarding the company's performance thereunder including the nature and volume of products
and services delivered thereunder and the company's ability to obtain sufficient volumes of products to be supplied
pursuant to the contracts. These or other assumptions could prove inaccurate and, therefore, there can be no
assurance that the "forward-looking statements" will prove to be accurate.
A Registration Statement relating to 1,100,000 shares of the common stock of the company has been filed with the
Securities and Exchange Commission but has not yet become effective. The shares being offered (1,020,000
shares by the company and 80,000 shares by David B. Pomeroy II, chairman of the board, president and chief
executive officer) may not be sold nor may offers to buy be accepted prior to the time the Registration Statement
becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities law of any such state.
Pomeroy Computer Resources is one of the country's ten largest network value added resellers and currently has
15 regional offices located in Kentucky, Iowa, Tennessee, Florida, Alabama, Indiana, North Carolina and South
Carolina.
CONTACT: Pomeroy Computer Resources
Addie W. Rosenthal, 606/586-0600, ext. 1424 |
