Merisel Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. The company reported a loss available to common shareholders of $2,573,000 or $0.36 per basic and diluted share compared to a loss of $424,000 or $0.05 per basic and diluted share for the same period last year. Revenues for the three months were $14,921,000 against $21,607,000 last year. Operating loss was $3,318,000 against income of $306,000 last year. Loss before provision for income tax was $3,423,000 against income of $253,000 last year. For the nine months, the company reported loss available to common shareholders of $6,411 or $0.89 per basic and diluted share compared to a loss of $3,196 or $0.41 per basic and diluted share for the nine month periods ended September 30, 2008. Revenues for the nine months were $14,921 compared to $63,301 last year. Operating loss was $7,851,000 against $2,587,000 last year. Loss before provision for income tax was $8,045,000 against $2,665,000 last year.

On September 30, 2009, Merisel inc. and certain of its subsidiaries entered into the amended and restated credit agreement, dated September 30, 2009, among Color Edge LLC, Color Edge Visual LLC and Crush Creative LLC, as borrowers, the company, Merisel Americas Inc., and certain other affiliates of borrowers, as corporate guarantors, and amalgamated bank, as lender. the amended and restated credit agreement amends and restates the company's existing credit agreement, dated March 1, 2005, among the parties thereto, as previously amended by amendment no. 1 dated August 8, 2005, amendment no. 2 dated February 27, 2008, and amendment no. 3 dated March 26, 2009. In connection with the amended and restated credit agreement, the parties also entered into the second reaffirmation and confirmation agreement, dated September 30, 2009. the amended and restated credit agreement and the reaffirmation amend the existing credit agreement, among other things, to provide for a reduction of the existing working capital facility from $15,500,000 to $12,000,000; extend the maturity of the credit facility from April 13, 2010 to August 31, 2011; provide for an increase of the interest rate from base rate plus 1% to base rate plus 2.5%; provide for the early retirement of the remaining balance of $200,000 of the existing term loan prior to its maturity on December 31, 2009; eliminate the existing financial condition covenants and replace them with minimum tangible net worth of $15,500,000 at all times, and no EBITDA losses in any quarterly period; amend the definition of 'change of control;' permit a one-time additional debt for capital expenditures of up to $1,800,000 in operating leases for new equipment; and permit certain stock repurchase and reorganization transactions of up to $2,500,000. All borrowings under the amended and restated credit agreement continue to be guaranteed by the company, Merisel Americas, and each of their existing operating subsidiaries, as guarantors, and must be guaranteed by all future subsidiaries. Subject to certain exceptions, the borrowings are secured by first priority lien on substantially all of the borrowers' and guarantors' properties and assets, as well as the properties and assets of the existing and future subsidiaries of the company and Merisel Americas.

Merisel Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net sales of $12,377,000 compared to $20,342,000 for the same period a year ago. Operating loss for the period was $4,749,000 compared to $1,799,000 for the same period a year ago. Loss from continuing operations before benefit for income tax for the period was $4,797,000 compared to $1,823,000 for the same period a year ago. Loss from continuing operations for the period was $2,744,000 compared to $1,034,000 for the same period a year ago. Loss available to common stockholders for the period was $3,346,000 or $0.46 basic and diluted per share compared to $1,586,000 or $0.20 basic and diluted per share for the same period a year ago. For the six months, the company reported net sales of $29,479,000 compared to $41,694,000 for the same period a year ago. Operating loss for the period was $4,533,000 compared to $2,893,000 for the same period a year ago. Loss from continuing operations before benefit for income tax for the period was $4,622,000 compared to $2,918,000 for the same period a year ago. Loss from continuing operations for the period was $2,644,000 compared to $1,669,000 for the same period a year ago. Loss available to common stockholders for the period was $3,838,000 or $0.53 basic and diluted per share compared to $2,772,000 or $0.35 basic and diluted per share for the same period a year ago.