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FOR IMMEDIATE RELEASE

Peter N. Schmidt Accepts Position with Cronus Partners; Adds Healthcare and Technology Strength

Norwalk, CT – October 10, 2007. Cronus Partners LLC, an independent investment banking firm providing financial and strategic advisory services, is pleased to announce that Peter N. Schmidt has joined the firm.

“We are excited by the additional experience and expertise that Pete Schmidt brings to our firm, and we look forward to being able to bring that to bear for our clients,” commented Alan Canzano, a Managing Director of Cronus Partners.

Peter N. Schmidt has provided technology leadership and strategic management to a range of healthcare and technology businesses in the areas of capital raising, healthcare transformation, and internet technology. Prior to joining Cronus, he was the President of Doctor Global, Ltd. and a consultant to clients in high-tech private equity advising on product strategy and the marketplace. With a Ph.D. in computer simulation for orthopedics and a patent for a total knee replacement, Dr. Schmidt has published research on statistical modeling and the economics of technology-enabled healthcare delivery.

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.



For further information please contact:

Cronus Partners LLC
Director of Marketing and Business Development
203-642-0200
ContactUs@CronusPartners.com

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