Pomeroy IT Solutions Announces Receipt of a Non-Binding Indication of Interest
Pomeroy IT Solutions zu myNews hinzufügen Was ist das?
Pomeroy IT Solutions (NASDAQ:PMRY), a technology and services solutions
provider, announced today that its Board of Directors received a letter,
dated May 21, 2008, from David B. Pomeroy, II, a director of the Company
and its largest stockholder, advising the Board that he has entered into
an agreement with a new financial partner, ComVest Investment Partners
III LP, for the purpose of submitting a joint proposal to acquire all of
the outstanding common stock of the Company not owned by Mr. Pomeroy for
a price of $6.00 per share. On May 16, 2008, the Company announced that
Charlesbank Equity Fund VI, had withdrawn from its proposed acquisition
of the Company under the terms of its Joint Bidding Agreement with Mr.
Pomeroy. The non-binding indication of interest from Mr. Pomeroy and
ComVest Investment Partners III LP has been referred to a Special
Committee for review. The Special Committee will consider this
indication of interest in conjunction with its ongoing exploration of a
range of other alternative transactions that could enhance stockholder
value.
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 may contain
projections and other forward-looking statements. While these statements
are related to future events and represent our best current judgment,
they are subject to risks and uncertainties that could cause actual
results to vary. These risks and other factors include but are not
limited to: changes in customer demands or industry standards; existing
market and competitive conditions, including the overall demand for IT
products and services; adverse or uncertain economic conditions;
litigation; loss of key personnel; 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; terms of vendor
agreements and certification programs and the assumptions regarding the
ability to perform there under; the ability to manage risks associated
with customer projects; and the ability to attract and retain technical
and other highly skilled personnel. These statements are only
predictions. Actual events or results may differ materially.