Computer Marketplace to Buy Most of Competitor’s Assets

Computer Marketplace Inc. in Corona said Monday it has agreed to acquire most of the assets of one of its competitors, International Computer Sales, a company in Orange that sells and leases computers.

Under the agreement, Computer Marketplace will buy ICS’s entire client list, and Michele Insko, president of ICS, will join Computer Marketplace as a sales and marketing executive.

‘We anticipate that Michele could add approximately $1 million in annual sales to our revenue base,� said L. Wayne Kiley, chairman and president of Computer Marketplace.

Computer Marketplace, which has about 50 employees, sells and rents new and used computer equipment nationwide to dealers, computer maintenance companies, leasing companies, equipment brokers and end users. ICS, which has fewer than 10 employees, sells mostly IBM computer products nationwide.

In Monday’s Nasdaq trading, Computer Marketplace stock closed unchanged at $8 a share.