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Another Apple reseller in trouble

Another Apple reseller in trouble

Melbourne-based IC Technologies, a major reseller of Apple Computer hardware and peripherals, has been placed under external administration by its creditors. After a meeting this week, creditors agreed to allow Deloitte Touche Tohmatsu to administer the company and determine a course of action. A committee of creditors has been formed including an employee representative and representatives of IBM, Mitsui and Bridge Wholesale, the secured creditor.

Also following the meeting, IC Technologies was advertised for sale "as a going concern" in The Australian and the Australian Financial Review. A spokesman for Deloitte said that he believed the company was viable, but "decisions needed to be made" about its future business plans. IC Technologies shares a parent company, Collinscroft, with 1World Systems, which is also up for sale.

ARN attempted to contact several of IC Technologies' creditors, but they were unavailable for comment.


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