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                                                                    Exhibit 10.4


                              EMPLOYMENT AGREEMENT

                  AGREEMENT dated as of October 1, 1999, between Questron
Technology, Inc., a Delaware corporation (referred to herein as "Employer" or
"Questron"), and Robert V. Gubitosi ("Executive").

                               W I T N E S S E T H

                  WHEREAS, the Employer desires to retain the services of
Executive and Executive desires to be employed by Employer upon the terms and
conditions hereinafter set forth.

                  NOW, THEREFORE, in consideration of the premises and the
mutual undertakings and agreements contained herein, Employer and Executive
agree as follows:

                  1. EMPLOYMENT. Employer hereby employs Executive, and
Executive hereby agrees to serve as President and Chief Financial Officer of
Employer, or in such other senior executive positions as shall be assigned to
Executive by Employer's board of directors with Executive's consent during the
Term of Employment (as hereinafter defined). Executive further agrees to use his
best efforts to promote the interests of Employer and to devote all his business
time and energies to the business and affairs of Employer during the Term of
Employment.

                  2. TERM OF EMPLOYMENT. Unless earlier terminated pursuant to
Paragraph 7 hereof, the employment hereunder shall commence as of October 1,
1999 and shall end on June 30, 2003 (the "Term of Employment").

                  3. COMPENSATION. As compensation for services hereunder and in
consideration of the covenants set forth in Paragraph 4 hereof, during the Term
of Employment Executive shall be compensated as follows:

                           (a) BASE SALARY. Effective October 1, 1999 and during
         the Term of Employment, Employer shall pay Executive a base salary at
         the rate of Two Hundred and Fifty Thousand Dollars ($250,000) per
         annum. Such salary shall be payable in appropriate installments to
         conform to the regular payroll dates for salaried personnel of
         Employer. The base salary of the Executive shall be reviewed annually
         by the Employer's board of directors or compensation committee of the
         board who may, in their sole discretion, approve an increase to the
         Executive's base salary.

                           (b) BONUSES. Employer shall pay Executive annual
         bonuses as follows (i) a discretionary bonus of up to Fifty Thousand
         Dollars ($50,000), to be determined by the board of directors or
         compensation committee of the board in their sole discretion; and (ii)
         an additional bonus of up to $50,000 based upon attaining



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         targeted increases in diluted earnings per share as mutually agreed
         upon at the beginning of each year by the Executive and the board of
         directors or compensation committee of the board.

                           (c) EXPENSES. Employer shall provide Executive with a
         car allowance of $1,300 per month. Employer shall also reimburse
         Executive for all reasonable out-of-pocket expenses incurred in
         connection with rendering services hereunder in accordance with
         Employer's customary policies, including without limitation,
         reimbursement of travel expenses for business purposes and
         reimbursement of Executive's cellular telephone expenses.

                           (d) FRINGE BENEFITS. Executive shall be eligible to
         participate in and to receive benefits under any pension plan,
         profit-sharing plan, savings plan, stock option/savings plan, ESOP,
         life insurance, health and accident plan or arrangement made available
         by Employer to its senior executives and key management employees
         generally, subject to and on a basis consistent with the terms,
         conditions and overall administration of each such plan or arrangement;
         provided, however, that with respect to any plan or arrangement under
         which participation is at the discretion of a committee or other body
         administering such plan or arrangement, nothing contained herein shall
         entitle Executive to participate in such plan or arrangement to be paid
         for by the Employer. Nothing paid to Executive under any plan or
         arrangement presently in effect or made available in the future shall
         be deemed to be in lieu of compensation to Executive hereunder, and
         nothing paid to Executive hereunder shall be deemed to be in lieu of
         any payment to which Executive may be entitled under any such plan or
         arrangement.

                           (e) VACATION. Executive shall be entitled to four (4)
         weeks of paid vacation days in each calendar year during the Term of
         Employment. In the event that Executive is employed hereunder during a
         calendar year for less than all of that year, he shall be entitled in
         that year to a number of paid vacation days which shall be prorated in
         accordance with the number of days on which he is so employed in that
         year. Executive shall also be entitled to all paid holidays given by
         Employer to its senior executive officers during the Term of
         Employment.

                  4. COVENANT NOT TO COMPETE; INTELLECTUAL PROPERTY;
                  CONFIDENTIALITY.

                           (a) COVENANT NOT TO COMPETE. Executive acknowledges
         that in consideration of the Employer entering into this Agreement,
         Executive is simultaneously executing and delivering to Employer the
         attached letter (the "Restrictive Letter") containing certain covenants
         relating to his conduct during and after the Term of Employment.
         Notwithstanding the provisions of the Restrictive Letter, during the
         Term of Employment Executive will not manage, operate, control,



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         be employed by or participate in the ownership, management operation or
         control of, or be connected in any manner with, any business of the
         type and character engaged in and competitive with that to be conducted
         by Employer. The decision of Employer's board of directors as to what
         constitutes a competing business shall be final and binding upon
         Executive. For these purposes, Executive's service as a director of or
         his ownership of 1% or less of any class of securities of a public
         company shall not be considered to be competition with Employer.

                           (b) INTELLECTUAL PROPERTY. Executive agrees that all
         ideas, sketches, designs, prototypes, samples, patterns, and related
         work product developed by him during the Term of Employment which
         relate directly or indirectly to the business of Employer or any of its
         subsidiaries or affiliates are work-for-hire and will be the property
         of Employer and that he will, at Employer's request and cost, do
         whatever is reasonably necessary to secure the rights thereto to
         Employer.

                           (c) CONFIDENTIALITY. Except as required pursuant to a
         court order or applicable law, Executive agrees that he will not
         divulge to anyone (other than Employer or any persons employed or
         designated by Employer) any knowledge or information of any type
         whatsoever of a confidential nature relating to the business of
         Employer or any of its subsidiaries or affiliates, including, without
         limitation, all types of trade secrets. Executive further agrees not to
         disclose, publish or make use of any such knowledge or information of a
         confidential nature without the prior written consent of Employer.

                  5. BREACH BY EXECUTIVE. Both parties hereto recognize that the
         services to be rendered under this Agreement by Executive are special,
         unique and extraordinary in character, and that in the event of the
         breach by Executive of the terms and conditions of this Agreement or
         the Restrictive Letter to be performed by him, then Employer shall be
         entitled, if it so elects, to institute and prosecute proceedings in
         any court of competent jurisdiction, either in law or in equity, to
         obtain damages for any breach of this Agreement or of the Restrictive
         Letter, or to enforce the specific performance thereof by Executive, or
         to enjoin Executive from performing services for another person, firm
         or corporation in violation of this Agreement or the Restrictive
         Letter. If any of the restrictive covenants set forth in this Agreement
         or in the Restrictive Letter are held to be unenforceable because of
         the duration or scope of any such covenant, the parties hereto agree
         that the duration or scope of such provision shall be reduced to the
         maximum scope permitted by law, and, in its reduced form, shall be
         enforceable.

                  6. INDEMNIFICATION. The Employer agrees to indemnify the
         Executive to the fullest extent permitted by Delaware law for any and
         all liabilities to which he may be subject as a result of his
         employment hereunder (and as a result of his services as an officer or
         director of the Employer, or as an officer or director of any of



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         its subsidiaries or affiliates), as well as the costs of any legal
         action brought or threatened against him as a result of such
         employment, to the fullest extent permitted by law.

                  7. TERMINATION.

                           (a) GENERAL. The employment of Executive hereunder
         shall terminate as provided in Paragraph 2 hereof and may be sooner
         terminated in accordance with the provisions of this Paragraph 7.

                           (b) DEATH OR DISABILITY OF EXECUTIVE. The employment
         of Executive hereunder shall terminate upon (i) the death of Executive;
         and (ii) at the option of Employer, upon not less than thirty (30)
         days' prior written notice to Executive or his legal representative, in
         the event that Executive becomes disabled. Executive shall be deemed to
         be disabled if by reason of physical or mental incapacity or
         disability, he is unable to render the services to be rendered by him
         pursuant to this Agreement for a continuous period of ninety (90)
         successive days or for shorter periods aggregating one hundred twenty
         (120) days or more during any twelve (12) successive months (the advice
         of a reputable physician mutually acceptable to Employer and Executive
         as to the existence of any such incapacity or disability to be final
         and binding upon the parties).

                           (c) TERMINATION FOR CAUSE. The employment of the
         Executive under this Agreement shall terminate for cause upon delivery
         to the Executive of notice in writing from Employer of termination of
         the Executive's employment for cause. Cause shall mean (i) any willful
         or grossly negligent act or failure to act by the Executive that causes
         material harm to Employer; any fraud by Executive upon the Employer;
         the conviction by the Executive or the plea of nolo contendere by the
         Executive, with respect to any felony; (ii) the Executive's habitual
         absenteeism, chronic alcoholism or other form of chemical addiction; or
         (iii) any material breach by the Executive of the Executive's
         obligations under this Agreement which remain uncured thirty (30) days
         after receipt of notice from Employer of such breach.

                           (d) EFFECT OF TERMINATION ON SALARY AND BENEFITS. If
         Executive's employment is terminated under Paragraph 7(a), (b) or (c)
         hereof, Employer shall have no further obligation to Executive
         hereunder other than as provided by this subparagraph (d) but the
         restrictions on the Executive's activities contained in Paragraph 4 and
         the obligations of Executive contained in the Restrictive Letter shall
         continue in effect as provided therein. In the event that the
         Executive's employment hereunder is terminated by Employer other than
         pursuant to Paragraph 7(a), (b) or (c) hereof, prior to the end of the
         Term of Employment, then Employer shall be obligated to pay Executive
         all salary and benefits (excluding any unpaid bonuses for this purpose)
         in installments through the remainder of the Term of Employment;
         PROVIDED, HOWEVER,



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         if Executive is in breach of the Restrictive Letter at any time, the
         Employer shall have no further obligation to pay salary to Executive.
         For purposes of the immediately preceding sentence, Executive will also
         be treated as having been terminated by Employer other than pursuant to
         Paragraph 7(a), (b) or (c), after a Change in Control of Employer (as
         that term is defined in Paragraph 7(e)), occurs, and Executive is
         assigned duties materially inconsistent with Executive's positions as
         described in Paragraph 1 hereof or there is any significant diminution
         in Executive's duties or responsibilities, other than in connection
         with the termination of Executive's employment for Cause or disability.
         In the event of a termination of Executive's employment by the Company
         pursuant to Paragraph 7(a), (b) or (c) or by Executive, Executive's
         entitlement to salary and benefits shall cease as of the effective date
         of termination and Executive shall be entitled to all salary and
         benefits (excluding any unpaid bonuses) accrued but unpaid as of the
         date of termination.

                           (e) CHANGE IN CONTROL. For purposes of this
         Agreement, the term "Change of Control" shall mean the occurrence of
         any of the following events: (i) any "person" as such term is used in
         Sections 13(d) and 14(d) of the Securities Exchange of 1934, as amended
         (the "Exchange Act"), other than a trustee or other fiduciary holding
         securities under an employee benefit plan of Employer or any subsidiary
         or affiliate of Employer or any stockholder (and such stockholder's
         affiliates) as of the date hereof and direct transferees thereof,
         becomes, after the date hereof, the "beneficial owner" (as defined in
         Rule 13d-3 of the Exchange Act), directly or indirectly, of the
         securities of Employer representing 50.1% or more of the total voting
         power represented by Employer's then outstanding securities that vote
         generally in the election of directors ("Voting Securities"); or (ii)
         the merger or consolidation of Employer with any other corporation,
         other than a merger or consolidation in which the Voting Securities of
         Employer outstanding immediately prior thereto continue to represent
         (either by remaining outstanding or by being converted into Voting
         Securities of the surviving entity) at least a majority of the total
         voting power of the surviving entity, or the sale (in one transaction)
         of all or substantially all of the assets of Employer, other than to a
         subsidiary or affiliate of Employer.

                  8. ASSIGNMENT. This Agreement is a personal contract,
         and except as specifically set forth herein, the rights and interests
         of Employer and Executive herein may not be sold, transferred,
         assigned, pledged or hypothecated. The rights and obligations of
         Employer hereunder shall be binding upon and run in favor of the
         successors of Employer as a result of the sale, merger or
         reorganization of Employer or Employer's present corporation, subject
         to Executive's rights set forth in Paragraph 7(d).

                  9. GOVERNING LAW:  CAPTIONS: CONSENT TO JURISDICTION.


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                           (a) This Agreement contains the entire agreement
         between the parties hereto, supersedes any prior agreements relating to
         the employment of the Executive and shall be governed by the laws of
         the State of Florida. It may not be changed orally, but only by
         agreement in writing signed by the party against whom enforcement of
         any waiver, change, modification or discharge is sought. Section
         headings are for convenience of reference only and shall not be
         considered a part of this Agreement.

                           (b) Each of the parties hereby irrevocably and
         unconditionally consent to the exclusive jurisdiction of the courts of
         the State of Florida and the United States District Court for the
         District of Florida for any action, suit or proceeding arising out of
         or relating to this Agreement, or the transactions contemplated hereby,
         and agrees not to commence any action, suit or proceeding related
         thereto except in such courts. Each of the parties further hereby
         irrevocably and unconditionally waive any objection to laying of venue
         of any lawsuit, claim or other proceeding arising out of or related to
         this Agreement in the courts of the State of Florida or the United
         States district Court for the District of Florida, hereby further
         irrevocably and unconditionally waive and agree not to plead or claim
         an inconvenient forum, and further covenant and agree not to institute
         any action or proceeding in any jurisdiction other than Florida. Each
         of the parties further agree that service of any process, summons,
         notice or document by U.S. registered mail to its address set forth
         below shall be effective service of process for any action, suit or
         proceeding brought against it in any such court. The prevailing party
         of any action, suit or proceeding arising out of or relating to this
         Agreement shall be entitled to receive its attorney's fees and court
         costs from the other party hereto.

                  10. NOTICES. Any notices or other communications required or
         permitted hereunder shall be in writing and shall be deemed to be duly
         given if personally delivered, or, if mailed (by certified or
         registered mail, return receipt requested) or if delivered by a
         nationally recognized-overnight mail or courier service, to the party
         at its address set forth below:

                  If to Executive:
                  Robert V. Gubitosi
                  18540 Long Lake Drive
                  Boca Raton, FL 33496

                  If to Employer:

                  Questron Technology, Inc.
                  6400 Congress Avenue



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                  Suite 200A
                  Boca Raton, FL  33487

                  With a copy to:

                  Battle Fowler LLP
                  75 East 55th Street
                  New York, NY  10022
                  Attn: Luke P. Iovine, III, Esq.

                  11. RIGHT TO WITHHOLD/REPORT. Employer shall have the right to
         withhold from Executive's salary and other compensation hereunder and
         to report to appropriate federal, state and local taxing authorities
         all amounts required to be withheld or reported, including such amounts
         in respect of any compensation deemed paid to Executive under federal,
         state and local tax laws.

                     [SIGNATURE PAGE TO IMMEDIATELY FOLLOW]



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                  IN WITNESS WHEREOF, Employer has by its duly authorized
officer signed this Agreement and Executive has signed this Agreement, as of the
day and year first above written.

         EXECUTIVE                          QUESTRON TECHNOLOGY, INC.



         ________________________           By:_____________________________
         ROBERT  V. GUBITOSI                Title:__________________________






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                              RESTRICTIVE COVENANT


                                                  October 1, 1999

Questron Technology, Inc.
6400 Congress Avenue
Suite 200A
Boca Raton, FL 33487

Gentlemen:

         This will confirm my agreement with Questron Technology, Inc. (the
"Company", which term for purposes of this letter shall include all of the
Company's successor, subsidiary and affiliated companies).

         1. In consideration of my employment, I agree that while I am in the
         Company's employ, and for two years thereafter (provided that the
         Company elects to pay me a consulting and non-competition fee of
         $100,000 per year in equal quarterly installments in arrears, which
         Executive cannot waive), I will not, directly or indirectly:

                  (a)      Persuade or attempt to persuade any customer of the
                           Company to cease doing business with the Company, or
                           to reduce the amount of business it does with the
                           Company;

                  (b)      Persuade or attempt to persuade any potential
                           customer to which the Company has made a sales
                           presentation, not to purchase the Company's products;

                  (c)      Solicit for myself or any person other than the
                           Company the business of any person or entity which is
                           a customer of the Company, or was its customer within
                           two years prior to the termination of my employment;

                  (d)      Persuade or attempt to persuade any employees of the
                           Company, or any individual who was its employee
                           during the two years prior to my termination of
                           employment, to leave the Company's employ, or to
                           become employed by any person other than the Company;

                  (e)      Perform any service for any person other than the
                           Company in connection with the design or development
                           of any product, which competes, with a product of the
                           Company; and

                  (f)      Work for any other firm, corporation, partnership or
                           other entity, which compete with the Company.


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         2. I also agree that during my employment by the Company, or at any
         time thereafter, I will not disclose or use any confidential or secret
         information relating to the Company or any of its products, designs,
         processes or operations.

         3. If I violate any of the terms outlined above, I agree that the
         Company, in addition to any other rights it may have, shall be entitled
         to injunctive relief.


                                                   Very truly yours,


                                                   Robert V. Gubitosi