PICS Acquires Muscolino Inventory Services - 13 August 2007

Phyle Inventory Control Specialists (PICS) announced today that it has acquired Muscolino Inventory Services (Muscolino). Muscolino has been in operation since 1947 and is headquartered in Arcadia, California; it is the largest regional inventory service in the southwest. Muscolino maintains twelve offices in Arizona, Nevada, and California. The new company will operate as PICS/Muscolino Inventory Service.

Today, PICS is one of the fastest growing national inventory services with a presence throughout the east from New England to Florida, and the midwest from Illinois to Texas. Muscolino is the third acquisition in the last six months, and gives PICS a solid presence in the west. This provides a great opportunity to service customers from coast to coast.

PICS' sister company, A.S.T., Incorporated has been in the inventory business since 1978. They have been a significant innovator and provider of hand held data collection equipment and related software to the inventory services industry. Both PICS and A.S.T., Incorporated are headquartered in Holly, Michigan.