Printer Friendly

INACOM ACHIEVES SUCCESSFUL POST-MERGER INTEGRATION; ANTICIPATES FOURTH QUARTER PROFIT

 INACOM ACHIEVES SUCCESSFUL POST-MERGER INTEGRATION;
 ANTICIPATES FOURTH QUARTER PROFIT
 OMAHA, Neb., Dec. 23 /PRNewswire/ -- InaCom Corp. (NASDAQ: INAC) expects to report a profit in the fourth quarter as a result of the impact of rapid post-merger integration efforts, according to Bill L. Fairfield, InaCom president and chief executive officer.
 "We've accomplished significant integration steps over the past five months," he said. "When Inacomp and ValCom joined forces in August, we told shareholders that the merger would result in positive financial performance. By moving quickly to eliminate redundant costs we are confident that the fourth quarter will reflect that positive performance."
 According to Rick Inatome, chairman of InaCom, the company's success is also attributable to increased year-end sales. "The traditional increase in customer demand at year-end, coupled with an ongoing preference to purchase from dedicated computer centers that offer excellent service and support, have made our year-end results much stronger."
 The major changes since the merger include consolidation of computer centers in overlapping market areas; elimination of duplicate operational functions; conversion to a single computer system for nationwide order entry; and centralization of product distribution functions.
 Fairfield noted that the speed of the transition put a tremendous strain on employees, branch locations and franchise partners. "During this time of major change, we asked our people to work even harder -- sometimes around the clock -- to put the 'transition phase' behind us. The results speak for themselves. Without the dedication and determination of the entire InaCom team, we'd still be talking about what we were going to do rather than what we've done."
 InaCom is a network of information and communication technology companies serving business customers through nearly 1,000 locations in 50 states. The InaCom network includes company-owned and franchise computer centers, as well as systems integrators, value-added resellers, and other specialized providers of computer systems and support. Executive offices for InaCom Corp. are located in Omaha, Neb. and Troy, Mich. For more information on InaCom, contact Geri Michelic, InaCom Corp., 10810 Farnam, Omaha, Neb.
 -0- 12/23/91
 /CONTACT: Geri Michelic of InaCom, 402-392-3923; or Steve Hopley of Mintz & HOke Public Relations, 203-679-9843, for InaCom/
 (INAC) CO: InaCom Corp. ST: Nebraska IN: REA SU:


DH-DD -- NE007 -- 4961 12/23/91 16:35 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 23, 1991
Words:372
Previous Article:PUTNAM COMPANIES REPORT YEAR-END RESULTS
Next Article:FANNIE MAE REPORTS POSTED YIELDS
Topics:


Related Articles
INACOM CORP. REPORTS FOURTH QUARTER PROFIT
INACOM REPORTS FIRST QUARTER PROFIT; PROFIT FUELED BY COST TAKEOUTS, STRENGTHENED DEMAND FOR COMPUTERS AND SERVICES
VALMONT ANNOUNCES FIRST QUARTER RESULTS
VALMONT ANNOUNCES FIRST QUARTER RESULTS
VALMONT REPORTS 68 PERCENT EARNINGS INCREASE
INACOM CORP. REPORTS FOURTH-QUARTER PROFIT
INACOM COMMUNICATIONS NAMED AT&T DEALER OF THE YEAR
DATA SYSTEMS NETWORK CORP ANNOUNCES STRATEGIC BUSINESS RELATIONSHIP
Perigee Merges with Inacom

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters