Neocom’s Cleveland office has closed and personnel have moved to Dwyer’s headquarters in Waco, Texas. Tom Thomas was named president of Zorware and Laurie Wotawa was named vice president of operations.
In other news, the company reported second-quarter 2003 revenues of $6.8 million, an increase of 2 percent from the same period last year. Net income was $604,000, or 8 cents per diluted share, compared to $741,000, or 10 cents per share, in the second quarter of 2002. The earnings reduction was due to expenses associated with the company’s proposed merger.