DynTek CEO Steven J. Ross to Resign
May 26 2005 - 6:30PM
PR Newswire (US)
DynTek CEO Steven J. Ross to Resign DynTek Appoints COO Casper
Zublin, Jr. as CEO; Appoints CFO Robert Webber as President IRVINE,
Calif., May 26 /PRNewswire-FirstCall/ -- DynTek, Inc.
(OTC:DYTKOTC:DYTKPOTC:DYTKW) (BULLETIN BOARD: DYTK, DYTKP, DYTKW) ,
a leading provider of professional technology services, advanced
network infrastructure, voice over internet protocol ("VOIP"), and
IT security solutions announced today that Steven J. Ross, who
served as the company's Chairman, President and CEO has informed
the board of directors that he is resigning those positions
effective June 30, 2005 to pursue other opportunities. In order to
effect a smooth transition, he will retain a board seat through
September 30, and continue as a shareholder. DynTek COO, Casper
Zublin, Jr., will assume the role of CEO, and DynTek CFO and
director, Robert Webber, will assume the role of President. Both
executives will also continue to oversee their current functions.
"We have faced many challenges at DynTek during the past few
years," said Ross. "I am pleased with our progress, and to have led
recent improvements in the company's business. That said, there are
other things I want to pursue both professionally and personally,
and I believe that this is the most suitable time to depart DynTek.
This is a great company, with a skilled management team that I
assembled. Although it was a very difficult decision, I leave
DynTek and our outstanding employees under great leadership."
"Steve is a gifted executive and motivator," Zublin said. "We are
very grateful for his contributions to the company. Although we
will miss his daily presence and style, as a company, DynTek is
prepared to take on the challenges ahead. I look forward to serving
with Rob to lead our management team, and working with our
outstanding regional sales and technical personnel to take the
company to the next level of performance." "Steve brought the
company through some tough times, and under his leadership, we have
begun to turn things around," said Webber. "In our new roles,
Casper and I look forward to executing our strategy, and
particularly, to improving financial performance." 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, February 14, 2005, and May 16, 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., +1-949-271-6705, Web
site: http://www.dyntek.com/
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