DynTek Expected to Exceed Quarterly Revenue Target
17 Décembre 2004 - 1:30PM
PR Newswire (US)
DynTek Expected to Exceed Quarterly Revenue Target New Commercial
Business in Western Region Adds to Growth IRVINE, Calif., Dec. 17
/PRNewswire-FirstCall/ -- DynTek, Inc.
(NASDAQ:DYTKNASDAQ:DYTKPNASDAQ:DYTKW), a leading provider of
professional technology services and IT security solutions, today
announced that it anticipates exceeding $20 million in revenues for
the current quarter ending December 31, 2004, which would represent
more than twice the revenues the company reported from the same
period in the prior year. "We are particularly pleased with the
growth of our commercial business in the Western Region, which has
been fueled by the recent acquisitions of Redrock Communications
and Integration Technologies," said Steve Ross, DynTek's chief
executive officer. "This new business, together with organic growth
in other regions from state and local government clients, will
enable the company to exceed $20 million in revenues for the
current quarter ending December 31, 2004. This represents a 104%
increase over the company's revenues of $9.8 million from the same
quarter last year, and a 43% increase in revenues from our most
recent quarter ended September 30, 2004." "Based on these results
and additional cross-selling synergies we are starting to see from
our recent acquisitions, we believe the company is on track to meet
its previously announced goal of $100 million in revenue and
profitability in calendar 2005," Ross continued. "The December
quarter has historically been a lower performing quarter, and we
are pleased with results that indicate we are on track to exceed
our targets." Major commercial business wins in the Western Region
thus far in December include the following: * A Fortune 500
wireless communications provider selected DynTek to provide several
hundred thousand dollars in security solutions. * Two major
utilities selected DynTek to provide a broad range of security
solutions valued at more than one quarter million dollars. * A
leading supplier of defense electronics systems awarded DynTek a
$300,000 contract for advanced network infrastructure,
voice-over-IP technologies and professional services. * A landmark
casino in Las Vegas, Nevada, awarded DynTek a hundred thousand
dollar contract for advanced network infrastructure and
professional services. "DynTek has extensive expertise in the
primary segments that are driving IT demand -- voice-over-IP,
security and access," continued Ross, "and we continue to win
significant business in these segments -- particularly in the
Western Region. We are also starting to benefit from the positive
impact of providing additional, multi-disciplinary services for
existing clients in other areas of the country. As we continue to
provide successful solutions for our customers, we believe that
positive financial trends will continue, and shareholder value will
increase." About DynTek DynTek is a leading provider of
professional technology services to government, education and
mid-market commercial customers in the largest 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 comply
with the terms of the Textron Factoring Facility and/or the amended
Laurus Funds Note, and to extend such obligations when either
becomes due, or to replace them 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 in the state
of Virginia, 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, the
continuation of general economic and business conditions that are
conducive to governmental outsourcing of service performance and
the acquisition of other services and product, the ability to list
and maintain its securities on the NASD OTC Bulletin Board or other
markets in the future, and such other risks and uncertainties
included in our Annual Report on Form 10-K filed on September 29,
2004, our Quarterly Report on Form 10-Q filed on November 15, 2004,
and other SEC filings. 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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