Press
07/05/07 DynTek Acquires Coast Solutions
Group
Acquisition Broadens Sales and Service Capabilities
of the Company’s TekConnect
Private Label Services Business Unit
Irvine, CA – July 5, 2007– DynTek,
Inc. (OTCBB: DYNK), a leading provider of professional
technology services, today announced that it has acquired the
assets of Coast Solutions Group, based in Irvine, CA.
Coast Solutions Group (CSG), a value-added distributor
of enterprise professional services, will operate within DynTek’s
TekConnect Private Label Services Business Unit. CSG delivers
professional services for customers that span the entire information
technology supply chain including major manufacturers, distributors,
direct marketers and regional VARs. CSG’s unique model provides
end-to-end services for their Customers including Solution Development,
Resource Management, Service Delivery and Sales Enablement. Their
solution includes a menu of standardized service offerings focusing
on technologies such as Network Security, Server Consolidation/Virtualization,
Unified Communications and Application Development and Systems
Deployment.
“CSG broadens TekConnect’s solution portfolio, especially
in the realm of advanced enterprise service offerings” said
Steve Struthers, TekConnect’s president. “The CSG
acquisition brings TekConnect a team of experienced professionals
which combined with their partner-network, customer base, and
marketing expertise will enable us to further accelerate our growth.”
Paul Freeman, CSG’s president and managing partner, will
join DynTek as Vice President of Sales and Marketing for the TekConnect
business unit.
Freeman stated, “CSG has established a strong reputation
of providing excellent consulting resources, consistent service
delivery and high quality customer service to our Customers. Having
experience with TekConnect in the industry as both a competitor
and partner, we are excited to have the opportunity to merge our
two organizations together. As pioneers in the private label services
model, both companies have developed complementary in-house skills
and approaches to business. I believe this combination, with the
overall support of the DynTek organization, will allow us to grow
our service capabilities faster together than apart.”
About TekConnect
TekConnect, a value-added provider of private label
technology services, helps organizations build, manage and streamline
their services channel. TekConnect serves as a single point
solution for service sales, delivery and support for customers
that span the entire information technology supply chain including
major manufacturers, distributors, direct marketers and regional
VARs. Leveraging a global network of service provider partners,
TekConnect’s service methodology ensures consistent, high
quality service delivery in order to create a uniform client experience
across all solution categories. The TekConnect service model
is not limited by technological or geographic barriers and is
enhanced by value added services such as solution development,
resource management, service delivery and sales enablement.
About DynTek
DynTek is a leading provider of professional technology
services to mid-market companies, such as state and local governments,
educational institutions and commercial entities in the largest
IT markets nationwide. The company provides a broad range of IT
security, unified communication, virtualization, Microsoft Information
Worker, and application infrastructure and delivery solutions.
DynTek’s multidisciplinary approach allows our clients to
turn to a single source for their most critical technology requirements.
For more information, visit www.dyntek.com.
# # #
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 maintain existing and attract future customers; our ability
to finance and sustain operations, including our ability to comply
with the terms of working capital facilities and/or other term
indebtedness of the Company, and to extend such obligations when
they become due, or to replace them with alternative financing;
our ability to raise equity capital in the future; our ability
to achieve profitability despite historical losses from operations;
our ability to maintain business relationships with IT product
vendors and our ability to procure products as necessary; the
size and timing of additional significant orders and their fulfillment;
the continuing desire of and available budgets for state and local
governments to outsource to private contractors; our ability to
successfully identify and integrate acquisitions; the retention
of skilled professional staff and certain key executives; the
performance of the Company’s government and commercial technology
services; the continuation of general economic and business conditions
that are conducive to outsourcing of IT services; our ability
to maintain trading 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 October 13, 2006, our
Quarterly Reports on Form 10-Q filed on November 20, 2006, February
20, 2007 and May 21, 2007 and other SEC filings. The Company has
no obligation to publicly revise any forward-looking statements
to reflect anticipated or unanticipated events or circumstances
occurring after the date of such statements.
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