Pomeroy IT Solutions, Inc. (NASDAQ:PMRY) a technology and services
solution provider, today announced that it adopted a written trading
plan under Rule 10b5-1 of the Securities and Exchange Commission to
facilitate repurchases under its previously announced $10 million share
repurchase program. The Company’s 10b5-1 Plan provides for share
repurchases to commence on December 9, 2008, and continue until the
earlier of November 14, 2009 or such time as the entire $10 million that
the Company’s Board of Directors’ authorized for the stock repurchase
program has been fully utilized. The 10b5-1 Plan allows the Company to
repurchase shares of its stock at times when it would ordinarily not be
in the market because of the Company’s trading policies or the
possession of material non-public information. The timing and extent of
the repurchases will depend on market conditions and will remain subject
to a variety of factors including price, corporate and regulatory
requirements, credit facility limitations, and other market conditions.
The Company may terminate the 10b5-1 Plan at any time.
About Pomeroy IT Solutions, Inc.
Pomeroy IT Solutions, Inc. is a leading provider of IT infrastructure
solutions focused on enterprise, network and end-user technologies.
Leveraging its core competencies in IT Outsourcing and Professional
Services, Pomeroy delivers consulting, deployment, operational, staffing
and product sourcing solutions through the disciplines of Six-Sigma,
program and project management, and industry best practices. Pomeroy's
consultative approach and adaptive methodology enables Fortune 2000
corporations, government entities, and mid-market clients to realize
their business goals and objectives by leveraging information technology
to simplify complexities, increase productivity, reduce costs, and
improve profitability. For more information, go to www.pomeroy.com.
Forward-Looking Statements
Certain of the statements in the preceding paragraphs regarding
financial results constitute forward-looking statements. These
statements are related to future events or to our future financial
performance and involve known and unknown risks, uncertainties and other
factors that may cause our markets’ actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by such forward looking statements. These risks and other
factors you should specifically consider include but are not limited to:
successful completion of share repurchase authorizations; changes in
customer demands or industry standards; existing market and competitive
conditions, including the overall demand for IT products and services;
the nature and volume of products and services anticipated to be
delivered; the mix of the products and services businesses; the type of
services delivered; the ability to successfully attract and retain
customers and to sell additional products and service to existing
customers; the ability to timely bill and collect receivables; the
ability to maintain a broad customer base to avoid dependence on any
single customer; the need to successfully attract and retain outside
consulting services; the ability to identify and successfully integrate
new acquisitions by the Company; terms of vendor agreements and
certification programs and the assumptions regarding the ability to
perform there under; the ability to implement the Company’s best
practices strategies; the ability to manage risks associated with
customer projects; adverse or uncertain economic conditions; loss of key
personnel; litigation; and the ability to attract and retain technical
and other highly skilled personnel. In some cases, you can identify
forward-looking statements by such terminology such as "may”, "should”,
"expects”, "plans”, "anticipates”, "believes”, "estimates”, "predicts”,
"potential”, "continue”, "projects”, "intends”, "prospects”,
"priorities”, or negative of such terms or other comparable terminology.
These statements are only predictions. Actual events or results may
differ materially.