<SEC-DOCUMENT>0001157523-18-002070.txt : 20181018
<SEC-HEADER>0001157523-18-002070.hdr.sgml : 20181018
<ACCEPTANCE-DATETIME>20181018160152
ACCESSION NUMBER:		0001157523-18-002070
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181018
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181018
DATE AS OF CHANGE:		20181018

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PC CONNECTION INC
		CENTRAL INDEX KEY:			0001050377
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				020513618
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23827
		FILM NUMBER:		181128390

	BUSINESS ADDRESS:	
		STREET 1:		ROUTE 101A
		STREET 2:		730 MILFORD RD
		CITY:			MERRIMACK
		STATE:			NH
		ZIP:			03054
		BUSINESS PHONE:		6036832000

	MAIL ADDRESS:	
		STREET 1:		ROUTE 101A
		STREET 2:		730 MILFORD RD
		CITY:			MERRIMACK
		STATE:			NH
		ZIP:			03054
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51885617.htm
<DESCRIPTION>PC CONNECTION, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <b>UNITED STATES</b>
    </p>
    <p style="text-align: center">
      <b>SECURITIES AND EXCHANGE COMMISSION</b>
    </p>
    <p style="text-align: center">
      <b>Washington, D.C. 20549</b>
    </p>
    <p style="text-align: center">
      <b>___________________________________________</b>
    </p>
    <p style="text-align: center">
      <b>FORM 8-K</b>
    </p>
    <p style="text-align: center">
      <b>CURRENT REPORT</b>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <b>PURSUANT TO SECTION 13 OR 15(D) OF THE</b><br><b>SECURITIES EXCHANGE
      ACT OF 1934</b>
    </p>
    <p style="text-align: center">
      Date of Report (Date of earliest event reported):&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">October
      18, 2018</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>PC CONNECTION, INC.</b></font><br><i>(Exact
      Name of Registrant as Specified in Charter)</i><br><br>
    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 32%; text-align: center" valign="top">
          <b>Delaware</b>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 32%; white-space: nowrap; text-align: center" valign="top">
          <b>0-23827</b>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 32%; white-space: nowrap; text-align: center" valign="top">
          <b>02-0513618</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 32%; text-align: center" valign="top">
          <i>(State or other jurisdiction</i>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>of incorporation)</i>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; width: 32%; text-align: center" valign="top">
          <i>(Commission</i>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>File Number)</i>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; width: 32%; text-align: center" valign="top">
          <i>(IRS Employer</i>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Identification Number)</i>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>Rt. 101A, 730 Milford Road, Merrimack, NH 03054</b><br><i>(Address of
      principal executive offices) (Zip Code)</i>
    </p>
    <p style="text-align: center">
      <b>(603) 683-2000</b><br><i>(Registrant&#8217;s telephone number, including
      area code)</i>
    </p>
    <p style="text-align: center">
      <b>Not Applicable</b><br><i>(Former Name or Former Address, if Changed
      Since Last Report)</i>
    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below).
    </p>
    <p style="white-space: nowrap">
      [ ]&#160;&#160;Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)
    </p>
    <p style="white-space: nowrap">
      [ ]&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)
    </p>
    <p style="white-space: nowrap">
      [ ]&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
    </p>
    <p style="white-space: nowrap">
      [ ]&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="text-align: right">
      Emerging Growth Company [ ]
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. [ ]
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 2.02 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition</b>
    </p>
    <p>
      On October 18, 2018, PC Connection, Inc. announced estimated financial
      results for the quarter ended September 30, 2018. The full text of the
      press release issued in connection with the announcement is furnished as
      Exhibit 99.1 to this Current Report on Form 8-K.
    </p>
    <p>
      The information in this Form 8-K (including Exhibit 99.1) shall not be
      deemed &#8220;filed&#8221; for the purposes of Section&#160;18 of the Securities Exchange
      Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to
      the liabilities of that section, nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933, as amended, or
      the Exchange Act, except as expressly set forth by specific reference in
      such a filing.
    </p>
    <p>
      <b>Item 9.01 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The following exhibit relating to Item 2.02
      shall be deemed to be furnished, and not filed:
    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 12%; text-align: left" valign="top">
          <b>Exhibit No.</b>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 86%; text-align: left" valign="top">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 12%; white-space: nowrap; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51885617ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; width: 86%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51885617ex99_1.htm">Press Release issued by PC
            Connection, Inc. on October 18, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; width: 100%; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-indent: 60.0px">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
    </p>
    <p style="text-align: left">

    </p>
<div style="text-align:left">
    <table style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 50%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>PC CONNECTION, INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 24%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 20%">

        </td>
        <td style="width: 24%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 6%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 20%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Stephen P. Sarno
          </p>
        </td>
        <td style="width: 24%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; width: 20%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Stephen P. Sarno
          </p>
        </td>
        <td style="width: 24%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; width: 20%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
        <td style="width: 24%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p>
      Date: October 18, 2018
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51885617ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Connection
      (CNXN) to Release Third Quarter Results on November 1, 2018; Provides
      Estimated Results</b></font>
    </p>
    <p>
      MERRIMACK, N.H.--(BUSINESS WIRE)--October 18, 2018--Connection (PC
      Connection, Inc.; NASDAQ: CNXN), an industry-leading technology
      solutions provider of a full range of information technology (IT)
      solutions to business, government, and education markets, today
      announced certain estimated financial results for the quarter ended
      September 30, 2018.
    </p>
    <p>
      Connection expects to report revenue in the range of $657 million to
      $659 million for the third quarter ended September 30, 2018,
      representing a decrease of approximately 10% as reported during the same
      period a year ago. Please note that on January 1, 2018, the Company
      adopted a new revenue recognition standard (&#8220;ASC 606&#8221;) that was not
      applied to prior years, as was more fully discussed in the Company&#8217;s
      most recent Form 10-Q filing with the SEC on August 2, 2018. Had the
      third quarter of 2018 been reported under the previous revenue
      recognition standard, expected third quarter revenue would have been in
      the range of $765 million to $767 million, resulting in a year-over-year
      growth rate of approximately 5%. For additional information and
      reconciliation of our revenue results between the new and prior revenue
      recognition standards, please see the table included below in this press
      release.
    </p>
    <p>
      Gross profit for the third quarter is expected to range between $99
      million and $101 million. In addition, for the third quarter, Connection
      expects to report net income between $13 million and $14 million, and
      diluted earnings per share between $0.49 and $0.51.
    </p>
    <p>
      &#8220;In the quarter, we experienced a seasonally strong July and August
      consistent with our expectations. However, towards the end of September,
      we experienced lower than expected growth mainly from both our small- to
      medium-sized customers and our federal customers attributable to supply
      shortages, weakness in the healthcare sector and timing of shipments to
      customers. Going forward we remain focused on driving advanced
      technology solutions, maintaining a strong balance sheet, and improving
      operational efficiencies,&#8221; said Tim McGrath, President and Chief
      Executive Officer.
    </p>
    <p>
      The Company will release its third quarter operating results after close
      of market on Thursday, November 1, 2018. At 4:30 p.m. ET on that date,
      management will review these results during their quarterly conference
      call. To access the conference call (audio only), please dial
      877-776-4016 (US) or 973-638-3231 (International). The live webcast
      (audio with slides) and replays of the conference call can be accessed
      online through the investor relations section of our website at <u>http://ir.connection.com</u>.
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About Connection</b>
    </p>
    <p>
      PC Connection, Inc. and its subsidiaries, dba <b>Connection</b><sup>&#174;</sup><b>,</b>
      (<u>www.connection.com</u>; NASDAQ: CNXN) is a Fortune 1000 company
      headquartered in Merrimack, NH. With offices throughout the United
      States, Connection delivers custom-configured computer systems overnight
      from its ISO 9001:2015 certified technical configuration lab at its
      distribution center in Wilmington, OH. In addition, the Company has over
      2,500 technical certifications to ensure it can solve the most complex
      issues of its customers. Connection also services international
      customers through its GlobalServe subsidiary, a global IT procurement
      and service management company. Investors and media can find more
      information about Connection at <u>http://ir.connection.com</u>.
    </p>
    <p>
      Connection &#8211; Business Solutions (800.800.5555), (the original business
      of Connection) operating through our PC Connection Sales Corp.
      subsidiary, is a rapid-response provider of IT products and services
      serving primarily the small-&#160;and medium-sized business sector. It offers
      more than 300,000 brand-name products through its staff of technically
      trained sales account managers, publications, and its website at <u>www.connection.com</u>.
    </p>
    <p>
      Connection &#8211; Enterprise Solutions (561.237.3300), <u>www.connection.com/enterprise</u>,
      operating through our MoreDirect, Inc. subsidiary, provides corporate
      technology buyers with best-in-class IT solutions, in-depth IT
      supply-chain expertise, and access to over 300,000 products and 1,600
      vendors through TRAXX&#8482;, a proprietary cloud-based eProcurement system.
      The team&#8217;s engineers, software licensing specialists, and project
      managers help reduce the cost and complexity of buying hardware,
      software, and services throughout the entire IT lifecycle.
    </p>
    <p>
      Connection &#8211; Public Sector Solutions (800.800.0019), operating through
      our GovConnection, Inc. subsidiary, is a rapid-response provider of IT
      products and services to federal, state, and local government agencies
      and educational institutions through specialized account managers,
      publications, and online at <u>www.connection.com/publicsector</u>.
    </p>
    <p>
      cnxn-g
    </p>
    <p>
      &quot;Safe Harbor&quot; Statement Under the Private Securities Litigation Reform
      Act of 1995: This release contains forward-looking statements, including
      estimated results for the third quarter of 2018, that are based on
      currently available information, operating plans, and projections about
      future events and trends. Terms such as &quot;believe,&quot; &quot;expect,&quot; &quot;intend,&quot;
      &quot;plan,&quot; &quot;estimate,&quot; &quot;anticipate,&quot; &quot;may,&quot; &quot;should,&quot; &quot;will,&quot; or similar
      statements or variations of such terms are intended to identify
      forward-looking statements, although not all forward-looking statements
      include such terms. Forward-looking statements inherently involve risks
      and uncertainties that could cause actual results to differ materially
      from those predicted in such forward-looking statements. Such risks and
      uncertainties include, but are not limited to, adjustments identified in
      the process of completing the accounting for the third quarter of 2018,
      the impact of changes in market demand and the overall level of economic
      activity and environment, or in the level of business investment in
      information technology products, product availability and market
      acceptance, new products, continuation of key vendor and customer
      relationships and support programs, the ability to realize market demand
      for and competitive pricing pressures on the products and services
      marketed by the Company, fluctuations in operating results and the
      ability of the Company to manage personnel levels in response to
      fluctuations in revenue, the ability of the Company to hire and retain
      qualified sales representatives and other essential personnel, the
      impact of changes in accounting requirements, and other risks detailed
      in the Company's filings with the&#160;Securities and Exchange Commission,
      including under the caption &quot;Risk Factors&quot; in the Company's Annual
      Report on Form 10-K filed with the&#160;Securities and Exchange
      Commission&#160;for the year ended&#160;December 31, 2017. The Company assumes no
      obligation to update the information in this press release or revise any
      forward-looking statements, whether as a result of any new information,
      future events, or otherwise, except as required by law.
    </p>
    <p>
      # # #
    </p>
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      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; white-space: nowrap; text-align: left" colspan="12" valign="top">
          <b>RECONCILIATION OF CHANGES IN REVENUE STANDARD FOR ESTIMATED NET
          SALES</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left" colspan="5" valign="top">
          (Unaudited, in millions)
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; white-space: nowrap; text-align: center" colspan="8" valign="top">
          <b>Three months ended September 30, 2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; white-space: nowrap; text-align: center" colspan="2" valign="bottom">
          <b>As reported</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center" valign="bottom">
          <b>Adjustments</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-right: 0.0px; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; white-space: nowrap; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Balances without</b><br><b>adoption of ASC 606</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net sales (est.)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center" colspan="2" valign="bottom">
          $657 -$659
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          $108
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center" valign="bottom">
          $765 - $767
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Connection<br><b>Corporate Communications Contact:</b><br>Lynn
      MacKenzie, 603-683-2278<br><u>lynn.mackenzie@connection.com</u><br>or<br><b>Investor
      Relations Contact:</b><br>Stephen Sarno, 603-683-2505<br>Senior Vice
      President, CFO, and Treasurer<br><u>steve@connection.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
