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Carolina Wholesale Purchases Monroe Systems For Business, Inc. Assets

18 May, 2001

Carolina Wholesale Purchases Monroe Systems For Business, Inc. Assets

Charlotte-based Carolina Wholesale Office Machine Co., Inc., one of the largest wholesale office machine distributors in the country, has just purchased the assets of Monroe Systems for Business, Inc., Denville, NJ.

JR Monroe founded Monroe Systems for Business in 1912. Monroe produced the “first” commercial calculator and since then has set the standard for “heavy duty” office calculators. Monroe’s calculator product line reflects the first hand knowledge of customer needs garnered through nearly a century of working directly with the world’s premier businesses. The current product line of Monroe features the “heavy duty” calculator line for which they are best known, as well as models that cater to those areas where the calculator is used less frequently. Monroe holds a commanding presence in a number of vertical markets with their line of programmable calculators, specialty software and system products. These markets include the Fixed Income Securities Market and Financial Service Providers market to name but a few.

Monroe markets though Direct Sales and Dealer/Distributor channels. It maintains direct repair service in select markets, a factory service center, and distribution center. Information about Monroe and its products may be found by visiting the company web site at www.monroe-systems.com.

Monroe’s sales and marketing operations will be relocated to its Fairless Hills, PA service and distribution center. Carolina Wholesale’s headquarters will remain in Charlotte, NC where all service and distribution activities reside. Carolina Wholesale has experienced steady growth over the past 29 years.

Carolina Wholesale will operate the Monroe business line independently, so as to be able to continue to provide the quality of customer service their customers have come to expect. Carolina Wholesale Office Machine Company, Inc. · 800- 521-4600

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