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DYTKW Dyntek Wts A (MM)

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Share Name Share Symbol Market Type
Dyntek Wts A (MM) NASDAQ:DYTKW NASDAQ Common Stock
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DynTek Awarded $750,000 Voice-over-IP Contract

10/11/2004 4:00pm

PR Newswire (US)


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DynTek Awarded $750,000 Voice-over-IP Contract IRVINE, Calif., Nov. 10 /PRNewswire-FirstCall/ -- DynTek, Inc. (NASDAQ:DYTKNASDAQ:DYTKPNASDAQ:DYTKW), a leading provider of professional technology services and IT security solutions, today announced that one of North America's largest manufacturers of specialty building materials has awarded Redrock Communications, a DynTek company, a $750,000 contract to build and operate a converged network infrastructure, including voice-over-IP hardware, software and services. "This contract is a significant milestone for DynTek, since it represents the first multi-hundred thousand dollar voice-over-IP contract to close since our acquisition of Redrock just a few weeks ago," stated Steve Ross, DynTek's chief executive officer. "With the addition of premier voice-over-IP capabilities, we now provide a more complete and integrated solution that we can leverage for our customers nationwide." DynTek was selected to provide a comprehensive converged network solution that includes IP telephony, unified messaging and voice-over-IP access for over 50 remote branch offices nationwide. DynTek will provide a turnkey solution that encompasses hardware, software, professional services and technical support. "Converged network solutions continue to be a key catalyst for the sustained growth of our business and this award further demonstrates our ability to provide these solutions on a national scale," said Bob Murphy, DynTek's vice president of sales. "We are thrilled to launch this project in Southern California and build a collaborative communications system that will have an immediate, positive impact on our client's operations." 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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