SOURCE: DynTek Services, Inc.
NEWPORT BEACH, CA--(Marketwire - Oct 1, 2012) - DynTek, Inc. (PINKSHEETS: DYNE), a leading provider of professional technology services, today announced they have been recognized by UBM Channel as a member of CRN's 2012 Fast Growth 50 Up-and-Coming list. An extension of the Fast Growth 100 list, the 50 Up-and-Comers list highlights the most successful revenue-driving emerging companies over the past two years. The ranking is based on two years' growth of net sales from calendar year 2009 to calendar year 2011.
"DynTek is honored to receive this designation, which recognizes our 46% growth in revenues from fiscal year 2009 to fiscal year 2011," said Ron Ben-Yishay, DynTek's chief executive officer. "We have an amazing team of 'rock star' performers that have an in-depth, hands-on understanding of cutting edge technologies, with the business acumen to architect solutions that align to our customers' business requirements. Our core business is continuing to grow, propelled by our customers' needs to implement technologies that help them reduce costs and improve productivity, such as virtualization, and an increasing demand for managed services."
"When economic times are tough, it only takes a few success stories to remind everyone that tremendous growth is achievable for all," said Kelley Damore, Vice President and Editorial Director for UBM Channel. "That's why we're so proud to announce this year's Fast Growth 50 Up-and-Comers list -- to underscore the enormous growth potential within the IT Channel. These emerging companies are laying the foundation for a future of continued success and growth in the channel. We congratulate DynTek Services on their well-earned achievement and look forward to following their continued growth in the following years."
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. From virtualization and cloud computing to unified communications and collaboration, DynTek provides professional technology solutions across the three core areas of our customers' technical environment: Infrastructure/Data Center, Microsoft Platform, End Point Computing. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit http://www.dyntek.com.
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About UBM Channel: (www.ubmchannel.com)
UBM Channel is the premier provider of IT channel-focused events, media, research, consulting, and sales and marketing services. With over 30 years of experience and engagement, UBM Channel has the unmatched channel expertise to execute integrated solutions for technology executives managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology sales. UBM Channel is a UBM company. To learn more about UBM Channel, visit us at www.ubmchannel.com.
UBM plc (www.ubm.com)
UBM plc is a leading global business media company. We inform markets and bring the world's buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries is organized into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.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. Investors are cautioned that forward-looking statements made in this press release, such as statements relating to the effect that the adoption of the revolving line of credit will have on our business and our intended use of funds borrowed under the revolving line of credit, involve known and unknown risks and uncertainties that could cause actual results to materially differ from the forward-looking statements. Such risks and uncertainties include, among others, our success in reaching target markets for services and products in a highly competitive market; our ability to maintain existing customers and attract future customers; our ability to finance and sustain operations, including our ability to comply with the terms of the revolving line of credit and the Company's other existing and future indebtedness; our ability to achieve profitability and positive cash flow from operations; our ability to maintain business relationships with IT product vendors; the size and timing of additional significant orders for our products and services and our ability to fulfill such orders; the continuing desire of state and local governments to outsource to private contractors and the availability of budgets to place orders for our products and services; our ability to retain skilled professional staff and certain key executives; the performance of our government and commercial technology services; and the continuation of general economic and business conditions that are conducive to outsourcing of IT services. We have no obligation to publicly revise any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements.