Bernard Zimmermann has published a long post on his POS Solutions blog tonight following my post earlier today. While most who read his post will see it for what it is, there is one point which goes to the heart of Mr Zimmermann and the company he created. He claims:
The last offer of any note for purchase of our respective businesses was from POS Solutions to buy Tower Systems, which we had a meeting to discuss.
This is a lie – there has been no such meeting. I made an unsolicited offer in writing to Zac Varga and Bernard Zimmermann – the owners of POS. After due consideration they rejected the offer as is their right.
My view is that POS Solutions is in trouble. This is a view I have formed based on steep discounting. I have seen quotes offering for under $5,000 what they usually charge over $20,000 for. Such discounting tells me they are in trouble. That and the number of newsagents who have switched.
To regular readers here – don’t worry. I am not about to let this valuable newsagent resource be hijacked by a fading competitor.