The Channel logo

News

By | Team Register 29th July 2008 12:43

US firm with 'limited operations' wants to buy Dorset reseller

CLP Computer Office Supplies looks set to be bought by a US company called Geo Vision International Group, for an undisclosed amount of stock and cash. The press release is somewhat ambiguous. The headline reads: "Geo Vision International Group to Acquire CLP UK". But the first sentence says GEO is "negotiating acquiring" CLP.

CLP is based in Blandford Forum, Dorset and flogs office and computer products through its website and by mail order.

Geo Vision is something of a mystery. This is what it has to say for itself:

For the past 10 years Geo Vision International Group Inc. has had limited operations. The company's management is anticipating further growth for Geo Vision through additional planned mergers and acquisitions in the Internet and direct marketing arena in the future.

That sounds like a cash shell with a new team that wants to do something with the money. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs