MEMORANDUM AND ORDER
GLASSER, District Judge.
This is a diversity action brought by Wren Distributors, Inc. ("Wren") and a related company, Innovative Marketing Concepts, Inc. ("IMC"), which arises out of business transactions between plaintiffs and defendant Phone-Mate, Inc. ("Phone-Mate"). Phone-Mate has moved this Court for an order compelling plaintiffs to arbitrate this action pursuant to 9 U.S.C. § 4,
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