CMS Signs Europe Distribution Agreements for Computer Accessories
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CMS/Electro Funds of Costa Mesa said it has signed agreements permitting several European distributors to sell its personal computer accessories. The company said the agreements are expected to bring in an estimated $30 million in the current fiscal year.
The distributors will market CMS’ line of personal computer, mass storage, memory and multifunction enhancement products on the international market.
The agreements cover West Germany, France, Belgium, Luxembourg, the Netherlands, Great Britain, Denmark, Finland, Norway, Sweden, Portugal, Spain and portions of Italy and Switzerland.
CMS is a manufacturer of more than 50 separate low-cost accessories for IBM and IBM-compatible personal computers. The company, which started publicly trading its stock early last month, estimates that it had revenues of about $42 million in the fiscal year ended June 30.
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