SOURCE: Cronus Partners LLC

April 17, 2008 04:01 ET

Cronus Partners Pleased to Announce Sale of Resolute TAP Services, LLC to Vision Point of Sale, Inc.

NORWALK, CT--(Marketwire - April 17, 2008) - Cronus Partners LLC ("Cronus Partners") is pleased to announce it acted as the exclusive financial advisor to Resolute TAP Services, LLC ("ResTAP Services") in its sale of substantially all of its assets to Vision Point of Sale, Inc. ("Vision POS"). ResTAP Services, formerly headquartered in New Brunswick, New Jersey, provided information technology support services consisting of maintenance, installation, and related services to the self-service technology sector, including especially point of sale kiosks and other consumer-facing technology in a retail or other self-service environment.

According to Reggie Babcock, Chief Executive Officer of ResTAP Services, "We were very pleased to be able to conclude this transaction with Vision POS, as we think it will serve our customers well, and the transaction itself represents a successful exit event for the ResTAP Services shareholders."

Frank Muscarello, the Chief Executive Officer of Vision POS, commented, "We are excited to add ResTAP Services' customers to our own and to extend our point of sale services footprint in the retail sector and beyond by adding a significant and immediate presence and capability in self-service. Consumer facing and self-service technology continues to proliferate in retail, and we are now better positioned to grow with our customers in this direction." Based in Glenview, Illinois, Vision POS is one of the nation's leading suppliers of POS products and services, helping retailers cost-effectively extend the life of their existing POS investments.

About Cronus Partners

Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus is an independent investment banking firm that provides financial and strategic advisory services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. To learn more, please visit www.CronusPartners.com.

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Contact Information

  • For further information please contact:
    Cronus Partners LLC
    Andrea Chase
    Director of Marketing and Business Development
    203-642-0211
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