August 6, 1996 |
AmeriQuest Technologies Inc., a computer products developer and distributor, said Monday it will move its corporate headquarters to Florida and lay off more than 60 workers as it struggles to regain profitability. The company's CMS Enhancements subsidiary, which makes computer disk drives, will remain in Anaheim and will not be affected by the changes. The Santa Ana-based company disclosed its plans while reporting financial results for its third fiscal quarter.
May 29, 1996
AmeriQuest Technologies Inc. said Tuesday that it has become a nationwide distributor for hard disk drive products made by Quantum Corp. in Milpitas. Under the agreement, AmeriQuest is authorized to sell Quantum's line of hard disk drives and will sell Quantum's tape storage products in the near future.
May 16, 1996
Ameriquest Technologies Inc. said Wednesday that Mark Mulford is resigning as president and chief operating officer for personal reasons. The computer products distributor also announced that its losses for the second fiscal quarter grew and revenue fell as the company discontinued unprofitable businesses and juggled several acquisitions. Ameriquest said Mulford will be a consultant until a replacement is found. The company also said Robert Beckett Sr.
December 24, 1995
AmeriQuest Technologies Inc. received about $66 million of interim financing, which the company will use to lower existing lines of credit. The company said the interim financing was provided through lending sources of Computer 2000 AG, which owns or has the right to acquire a majority of AmeriQuest's voting stock.
November 22, 1995
Computer products distributor AmeriQuest Technologies Inc. said its losses grew in the first quarter, although sales more than doubled. The company lost $7 million, or 30 cents a share, for the first fiscal quarter ended Sept. 30, compared with a net loss of $1.1 million, or 10 cents a share, a year ago. Sales climbed to $100.7 million from $49.5 million.