IRVINE, Calif., July 5 /PRNewswire-FirstCall/ -- DynTek, Inc. (OTC Bulletin Board: DYNK), a leading provider of professional technology services, today announced that it has acquired the assets of Coast Solutions Group, based in Irvine, CA.
IRVINE, Calif., July 5 /PRNewswire-FirstCall/ — DynTek, Inc. (OTC Bulletin Board: 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."
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.
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.
SOURCE DynTek, Inc.