Standard Logic to Buy Computer Products Company

Standard Logic Inc. said Wednesday it has agreed to acquire a small Northern California personal computer products company.

Appoint Inc., a privately held company with 55 employees, is a fast-growing firm that makes miniature mouse-pointing devices and track balls used to manipulate data in personal computers. The Paso Robles company anticipates sales this year of $2.5 million, according to Standard Logic.

The proposed deal is worth about $1.2 million. Under the deal, Standard Logic would provide approximately 8.7 million newly issued common shares of stock to Appoint stockholders.

Standard Logic, an Anaheim manufacturer of electronic packaging assemblies, said that last week it provided a $500,000 loan to help fund Appoint’s growth. The Anaheim firm had sales of $1.2 million for the nine months ended July 31.

“To create this relationship with a company in electronic-circuit packaging just as our production demands started growing exponentially was a wild stroke of luck,” said Jack Barrett, Appoint’s chief executive and president.