DynTek Announces Over $1 Million in New Contract Awards in California and Nevada
09 November 2004 - 5:00PM
PR Newswire (US)
DynTek Announces Over $1 Million in New Contract Awards in
California and Nevada Acquisitions of Redrock Communications and
Integration Technologies Accelerate Growth in the Western Region
IRVINE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- DynTek, Inc.
(NASDAQ:DYTKNASDAQ:DYTKPNASDAQ:DYTKW), a leading provider of
professional technology services and IT security solutions, today
announced that in the first weeks of integration following the
acquisitions of Redrock Communications and Integration
Technologies, Inc. (ITI), DynTek has been awarded new IT contracts
in the Western Region valued at over $1 million. Recent wins
include: * The City of North Las Vegas, Nevada selected DynTek to
provide a complete network infrastructure upgrade and support for
its data and voice systems, including hardware, software and
professional services. * Channell Commercial Corporation, based in
Temecula, Calif., awarded the newly integrated DynTek team
comprised of resources from Redrock and ITI, with a contract for
network infrastructure solutions and professional services that
leverages the core strengths of both companies. * A leading
provider of mortgage services based in Southern California selected
DynTek to provide a broad range of security hardware, software and
professional services. "Our immediate success in the field
demonstrates the synergies that exist between DynTek, Redrock and
ITI," said Steve Ross, DynTek's chief executive officer. "In the
Western Region, we have been able to leverage joint resources
immediately, accelerating opportunities that will extend to our
national customer base in the short-term. Our early success
validates our belief that our combined entity now has the critical
mass, technical expertise and sales infrastructure to drive organic
revenue growth and meet our profitability targets." About DynTek
DynTek is a leading provider of professional technology services to
government, education and mid-market commercial customers in the
top IT markets nationwide. The company provides solutions that
address the critical business needs of organizations today, such as
IT security, voice and data convergence (VOIP), enterprise access
and technology management. Our practice areas incorporate an
approach and methodology derived from over 18 years of experience
in the assessment, design, implementation, management and support
of technology solutions. For more information, visit
http://www.dyntek.com/. Forward-Looking Statements This press
release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that certain statements in this
release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and involve known
and unknown risks, uncertainties and other factors. Such
uncertainties and risks include, among others, success in reaching
target markets for services and products in a highly competitive
market and the ability to attract future customers, the ability to
finance and sustain operations, including the ability to maintain
the Textron Factoring Facility and/or the amended Laurus Funds Note
when either becomes due, respectively, or to replace it with
alternative financing, the ability to raise equity capital in the
future, despite historical losses from operations, the ability to
fulfill the Company's obligations to third parties, and ability to
resolve successfully certain ongoing litigation over contract
performance, the size and timing of additional significant orders
and their fulfillment, the ability to turn contract backlog into
revenue and net income, the continuing desire of state and local
governments to outsource to private contractors, the ability to
successfully integrate ITI and Redrock, the ability to continue to
implement an acquisition growth strategy, the ability to achieve
financial targets, the retention of certain key managers, the
performance of successful government and commercial technology
services, the ability to develop and upgrade our technology, and
the continuation of general economic and business conditions that
are conducive to governmental outsourcing of service performance
and the acquisition of other services and products. The Company has
no obligation to publicly release the results of any revisions,
which may be made to any forward-looking statements to reflect
anticipated or unanticipated events or circumstances occurring
after the date of such statements. DATASOURCE: DynTek, Inc.
CONTACT: Linda Ford of DynTek, Inc., +1-949-798-7215, Web site:
http://www.dyntek.com/
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