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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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Florida Awards DynTek Multi-Year IT Security Contract

24/02/2005 5:56pm

PR Newswire (US)


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Florida Awards DynTek Multi-Year IT Security Contract DynTek Selected to Provide Mandated Security Risk Assessments for Up to 117 Agencies Statewide; Contract Value Estimated at $4.5 Million IRVINE, Calif., Feb. 24 /PRNewswire-FirstCall/ -- DynTek, Inc. (OTC:DYTKOTC:DYTKPOTC:DYTKW) (BULLETIN BOARD: DYTK, DYTKP, DYTKW) , a leading provider of professional technology services and IT security solutions, announced today that the State of Florida Technology Office has awarded the company a contract to provide comprehensive risk assessments for state agencies. The initial contract term is two years, with an additional one-year renewal option. Through a competitive bid process involving several national security firms, DynTek was one of only two contractors selected to provide these comprehensive risk assessments to government agencies throughout Florida. Each state agency is mandated to conduct assessments from a pre-qualified contractor in order to identify security threats to data and information technology resources. In addition, the contract enables DynTek to provide these assessments to cities, municipalities and educational facilities in Florida. DynTek will support this contract from its regional office in Tallahassee, Florida. "A contract award of this caliber and magnitude demonstrates the depth of experience and expertise we provide through our security practice," said Steve Ross, DynTek's chief executive officer. "We are pleased and excited to assist the State of Florida in its proactive approach to protect critical information and assets. In addition, we look forward to pursuing additional opportunities on a nationwide basis as other states embark on similar Homeland Security initiatives." About DynTek's Security Practice DynTek's Security Practice incorporates industry best practices and methodologies to create plans, processes and policies that enable organizations to manage and control their information security risk by assessing their current security environment and developing a capability to respond to and recover from disruptive security threats. DynTek provides a wide range of professional services and technology tools and products to provide your organization with both a proactive and reactive barrier to security threats. From assessments to training, we have the flexibility to custom-tailor an engagement to meet your specific business requirements, technical specifications and budgetary constraints. DynTek's security practice is based on the Operationally Critical Threat, Asset, and Vulnerability Evaluation (SM) (OCTAVE(R)) Method, a risk-based strategic assessment and planning technique developed by the CERT(R) Coordination Center, located at the Software Engineering Institute, a federally funded research and development center operated by Carnegie Mellon University. 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 other term indebtedness of the Company, and to extend such obligations when they become 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 recent acquisitions, 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 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 Reports on Form 10-Q filed on November 15, 2004 and February 14, 2005, 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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