CONTACTS:
Susan G. Gaffney Shawn T. Southard
Investor Relations Investor Relations
610-408-7292 610-408-7294
sgaffney@ikon.com ssouthard@ikon.com
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IKON OFFICE SOLUTIONS COMMENTS ON THIRD QUARTER EXPECTATIONS
VALLEY FORGE, PENNSYLVANIA JUNE 29, 1998 - IKON Office Solutions (NYSE:
IKN) today announced that it anticipates earnings will be significantly lower
than the First Call consensus estimate of $0.34 per share for the quarter ending
June 30. The company will release earnings on July 22, 1998.
IKON Office Solutions (www.ikon.com) is one of the world's leading office
technology companies providing customers with total office solutions from copier
and printing systems, computer networking and digital document services, to copy
center management, hardware and software product interfaces and electronic file
conversion. With fiscal 1997 revenues of more than $5 billion, IKON Office
Solutions has more than 1,100 locations in the U.S., Canada, Mexico, the United
Kingdom, France, Germany and Denmark.
This news release includes information that may constitute forward-looking
statements made pursuant to the safe harbor provisions of the federal securities
laws. Although IKON believes the expectations contained in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove correct. This information is subject to risk and uncertainties such as
those relating to managing an aggressive program to acquire and integrate new
companies; conducting activities in a competitive environment; delays,
difficulties, management transitions and employment issues associated with its
transformation; and general economic conditions. Therefore, actual results may
differ materially from the forward-looking statements.
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