SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: March 17, 1999
NEW ENGLAND BUSINESS SERVICE, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11427 04-2942374
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
500 Main Street, Groton, MA 01471
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (978) 448-6111
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Item 5. Other Events
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The following news release was issued by the Company on March 17, 1999.
NEW ENGLAND BUSINESS SERVICE, INC.
ANNOUNCES LOWER EXPECTATIONS FOR THE THIRD QUARTER
GROTON, MA - March 17, 1999 - New England Business Service, Inc. (NYSE:
NEB), today announced that it expects revenue and earnings for the third
fiscal quarter ending March 27, 1999, will be below current analysts'
estimates.
Mr. Robert J. Murray, Chairman, President, and CEO, stated, "In the third
quarter, revenues from the Company's Rapidforms operation have not reached
expectations. We believe this is a temporary situation, attributable in
part to disruption caused by the Company's aggressive integration efforts.
Our Chiswick unit has been adversely affected by price deflation in major
product lines which is offsetting healthy unit growth. As a result, we
anticipate that third quarter earnings before one-time charges will be
between $.44 and $.46 per share, versus the analysts' estimates consensus
of $.50 per share, and net income will be slightly ahead of last year's
level."
NEBS designs, produces and distributes business forms, checks and related
printed products and distributes packaging, warehouse supplies, retail
merchandising supplies and other products through mail order, telesales,
direct sales, dealers, and the Internet to two million small businesses
throughout the United States, Canada, the United Kingdom and France.
This press release contains forward-looking statements, including
anticipated sales and financial results. These forward-looking statements
reflect the Company's current expectations. There can be no assurance that
the Company's actual results will not differ materially from those
projected in such forward-looking statements due to the important factors,
such as the inherent risks to acquisitions and risks of changing customer
preferences, described in the Company's current Annual Report on Form 10-K
for the fiscal year ended June 27, 1998, and in the most recent quarterly
report on Form 10-Q for the period ended December 26, 1998, on file with
the Securities and Exchange Commission.
SIGNATURES
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.
NEW ENGLAND BUSINESS SERVICE, INC.
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(Registrant)
March 17, 1999 /s/Daniel M. Junius
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Date Daniel M. Junius
Senior Vice President-Chief
Financial Officer and
Treasurer (Principal
Financial and
Accounting Officer)
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