Florida Awards DynTek Multi-Year IT Security Contract
February 24 2005 - 12:56PM
PR Newswire (US)
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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