NT 10-K 1 doc1.htm Form 12b-25: Notification of Late Filing

United States
Securities and Exchange Commission
Washington, D.C. 20549

FORM 12b-25

Notification of Late Filing

(Amendment No. 0)*

OMB Number
3234-0058
SEC File Number
0-20022
CUSIP Number
 
(Check one):Form 10-K   Form 20-F   Form 11-K   Form 10-Q   Form 10-D   Form N-SAR
  Form N-CSR
For Period Ended:January 05, 2008  
  Transition Report on Form 10-K
  Transition Report on Form 20-F
  Transition Report on Form 11-K
  Transition Report on Form 10-Q
  Transition Report on Form N-SAR
For the Transition Period Ended:  

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
 

Part I - Registrant Information

POMEROY IT SOLUTIONS, INC.
Full Name of Registrant
Pomeroy Computer Resources, Inc.
Former Name if Applicable
1020 Petersburg Road
Address of Principal Executive Office (Street and Number)
Hebron, KY 41048
City, State and Zip Code

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.(Check box if appropriate.)

(a)The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
(b)The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c)The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

Part III - Narrative

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Company is unable to complete the preparation of its audited financial statements for the fiscal year ended January 5, 2007 within the prescribed period without undue hardship and expense to the Company because management required additional time to assess and review its complete disclosures including the income tax provision and valuation for deferred tax assets in its Form 10-K filing. The Company undertakes the responsibility to file such annual report no later than fifteen days after its original due date.

Part IV - Other Information

  1. Name and telephone number of person to contact in regard to this notification

    Kevin G. Gregory859586-0600
    (Name)(Area Code)(Telephone Number)
  2. Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?

    Yes  No   
    If answer is no, identify report(s).
     
  3. Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

    Yes  No   
    If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
    As disclosed in the Company's press release issued March 20, 2008, the Company reported fourth quarter 2007 revenue of $162.3 million, an increase of $11.7 million over the prior year, and a fourth quarter loss of $(21.4) million, which included a non-cash tax valuation charge of $16.2 million, compared to net income of $1.5 million for the quarter ended Jan 5, 2007. The Company also reported fiscal 2007 revenue of $586.9 million compared to $593.0 million for fiscal 2006. The company incurred a net loss of $(112.2) million for fiscal 2007, which included a charge for goodwill impairment of $98.3 million, compared to net income of $1.1 million for fiscal 2006.
Pomeroy IT Solutions, Inc.
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized

Date:03- 20- 2008By /s/Kevin G. GregoryTitle:Chief Financial Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

Attention

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).