updated 09:40 pm EST, Wed April 3, 2002
PC Mall, which owns the MacMall brand, today announced that it has acquired Pacific Business Systems, which does business under the ClubMac and PBS brands. PBS reported net sales of $84 million for 2001 and has enjoyed eighteen consecutive years of profitability. Under the terms, PC Mall will acquire PBS' customer database, accounts receivable, inventory, certain fixed assets and certain intellectual property in exchange for 300,000 shares of its common stock and a capped three year earn-out with consideration for the future results of the acquired business. PC Mall also said it would extend offers of employment to PBS sales and support employees.