Item 1.01 Entry into a Material Definitive Agreement; and Item 8.01 Other Events.

As previously reported by Pomeroy IT Solutions, Inc. (the "Company") on a Form 10-K filed with the United States Securities and Exchange Commission on March 20, 2009, the Company entered into an Aircraft Purchase Agreement, dated March 17, 2009, to sell the Company's aircraft to an unrelated third party (the "Agreement"). The Company's sale of the aircraft was completed on April 21, 2009, in accordance with the Agreement.

The Company's aircraft was leased under an agreement, which was made effective on December 29, 2005, for an initial term of three (3) years, and provided the Company with the option to renew the lease for up to a maximum of four (4) consecutive one-year renewal terms. The lease, which was originally scheduled to terminate on December 29, 2008, at the end of the initial three-year term, was renewed for an additional one-year term that commenced on December 30, 2008. Under the lease, the Company provided the lessor with a residual value guarantee on the aircraft. The lease also provided the Company with the right and option to terminate the lease prior to the end of its term and purchase the aircraft from lessor. Therefore, the Company effectively terminated the lease agreement on April 21, 2009, and exercised its right and option to purchase the aircraft from lessor in order to simultaneously close on the sale of the aircraft on April 21, 2009, as contemplated under the Agreement.