Thin banks on success

POINT of sale business-to-business application service provider Thin Technologies recently announced a cash position of $11.6 million and no long-term liabilities as of June 30.

The company is focused on developing an integrated POS system that will provide small-to-medium enterprises with a simple and cost effective solution to capture and maintain financial records.

CEO Chris Singleton said the program for field testing the solution started last month and was progressing well.

In parallel with the testing effort, Sun Micro Systems and Oracle are continuing work to complete the integration of the POS Client and the Financial Backend.

The company plans to have the solution available for clients during the first half of the financial year.