News

01

March

Emtec, Inc. Named to CRN’s 2012 List of Tech Elite 250

Springfield, NJ. – Emtec announced today it has been named to CRN’s second annual list of the Tech Elite 250. Companies on the 2012 Tech Elite 250 list represent an elite group of IT Solution Providers that have invested in the training and education needed to earn most demanding technical certifications in the IT Channel.

In compiling the list, CRN editors worked with the UBM Channel research group and a team outside experts to define the most customer-beneficial technical certifications in the IT channel. These technical certifications have enabled solution

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24

January

Emtec, Inc. Announces First Quarter 2012 Results

Springfield, NJ. – Emtec, Inc. (OTCBB: ETEC) (“Emtec” or the “Company”) announced today that, for the quarter ended November 30, 2011, consulting and outsourcing revenue increased to $25.6 million for quarter ended November 30, 2011 from $16.7 million in quarter ended November 30, 2010, an increase of $8.9 million or 53.5%. Overall revenue decreased from $76.9 million to $72.0 million as procurement services revenues declined by $13.8 million from $60.2 million to $46.4 million. The decline in procurement revenue is due to purchasing decision delays by our education

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19

January

Emtec, Inc. Extends Relationship with Zillow

Springfield, NJ, January 19, 2012 – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced its selection by Zillow® (NASDAQ: Z), the leading real estate information marketplace for continued support of their software development lifecycle. Emtec will continue to provide support in application development, testing and test automation services for Zillow’s software development division.

“The unique expertise and diverse technologies that Emtec brings to the table combined with their proven track record for success, made it a very easy choice to continue our relationship,” said David Beitel,

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17

January

Emtec, Inc. Enters into new $45 Million Credit Facility

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced that it has refinanced its existing Credit Facility with PNC Bank, N.A., through its PNC Business Credit division, which provides asset-based lending. PNC Bank, N.A. is a subsidiary of The PNC Financial Services Group. In addition the Company announced an additional $3 million mezzanine investment by Peachtree Equity Partners, an Atlanta-based private equity firm specializing in subordinated debt and equity investments for middle market growth companies.

Dinesh Desai, Chief Executive Officer of

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14

January

Emtec, Inc. Announces First Quarter 2013 Results

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”) announced today that for the quarter ended November 30, 2012, its gross profit from Consulting and Outsourcing grew by 6.0% versus the first fiscal quarter of last year to $6.5 million, and total gross margin increased from 16.5% for the quarter ended November 30, 2011 to 18.0% for the quarter ended November 30, 2012. The Company also reported Adjusted EBITDA, which is defined by management as net income (loss) before interest, taxes, depreciation, amortization, retention bonuses, stock-based compensation, severance,

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21

December

Emtec, Inc. Announces New Board Members

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, announced that it has appointed two new members to the Board of Directors of the Company effective December 1, 2011. The two new members, Chris Formant and Sunil Misra, will join the four existing members to bring the board membership to six, three of whom are independent.

Chris Formant is currently a Senior Vice President of Avaya Inc. and President, Avaya Government Solutions, a position he has held since August 2010. He joined Avaya in

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20

December

Emerging Solutions Dedicated to CSR, Urges others

Chicago, IL. – Emerging Solutions, an Emtec, Inc. (OTCQB: ETEC) company and leader in Information Technology (IT) consulting services, today announced that its Corporate Social Responsibility (CSR) program, focused on having a positive impact on society, is addressing the needs of many organizations this year including Children’s Memorial Hospital and the Pancreatic Cancer Action Network. Rather than give out material gifts for the holidays, Emerging Solutions is honoring employees and clients by making donations on their behalf to the two charities. The company is an avid supporter of these and

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15

November

Emtec Federal to Host Panel on Cloud Solutions During 12th Annual TribalNet Conference 2011

WHAT:

The recent buzz around Cloud solutions has promised to improve efficiencies and reduce cost and increase ROI. This session is designed to outline how to leverage best practices around data center consolidation and future Cloud integration, regardless of platform. For Tribal organizations trying to balance the multiple demands of the business with decreasing budgets leaves a lot asking, “How do we get to the Cloud and should we?”

Emtec Federal will provide an outline to defining the needs of the Tribal IT Cloud and more importantly, will show where some

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14

November

Emtec Federal Selected as a Prime Vendor to Support the Navy SeaPort Enhanced Contract

Springfield, NJ – Emtec Federal (OTCQB: ETEC), a systems integrator, today announced its selection as one of 333 prime contractors for the Navy SeaPort Enhanced (SeaPort-e) Contract. The indefinite-delivery indefinite-quantity (IDIQ) multiple award contract has a three-year base period with one five-year award term. The government estimates a maximum of $5.3 billion of services will be procured per year via orders issued under the contract.

The award of these contracts is a result of the SeaPort-e Rolling Admissions solicitation and will support service requirements solicited by Naval Sea Systems Command; Naval

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01

November

Emerging Solutions (an Emtec Company) Named to Chicago Tribune’s Top Workplaces for 2011

Chicago, IL. – November 16, 2011 – Emerging Solutions, an Emtec, Inc. (OTCQB: ETEC) company and leader in Information Technology (IT) consulting services, today announced that it has been named one of the Chicago Tribune’s Top Workplaces for 2011. In order to find the region’s best places to work, The Chicago Tribune teamed up with Workplace Dynamics LLC, a firm that specializes in workplace surveys, to conduct more than 136,300 anonymous surveys of Chicago-area businesses completed by the employees themselves. Out of 1675 of Chicago area companies that were asked

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27

October

Article: Progressing your BI Strategy – Advance to Run

Article: Progressing your BI Strategy – Advance to Run
By Sajid Patel

In the first two articles (Crawl & Walk) of this three-part series, we discussed what it takes to reach a level in your Business Intelligence (BI) strategy where the environment accelerates to deliver value to an increasing set of business groups. In this final article, we will discuss some of the considerations to take your BI strategy to the next level of value and advance to “run.”

* “Run”: Integrating BI into Key Business Functions

When you chose

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19

September

Article: Progressing your BI Strategy – Accelerated to Walk

ARTICLE FEATURED IN TECHNOLOGY FIRST, SEPTEMBER 2011
By Sajid Patel

In the first article of this three-part series, we jumpstarted the discussion on how to progress your organization’s Business Intelligence (BI) strategy. We talked about the importance of BI as a means of keeping the competitive edge and identifying opportunities. It’s hard to argue the value of information in optimizing business performance across many aspects. Then we established the fundamentals on how to get started with BI through a well-orchestrated “Crawl” stage. In this article, we will talk

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06

September

Investors Call to be held on September 8, 2011

Emtec will host a conference call on September 8, 2011 at 1PM US Eastern time to discuss their recent acquisition, long term strategy and business outlook.

The dial-in number for North American callers is:

888-424-8151, conference ID 7215 110

MEDIA CONTACT

Deanna Evers
Phone : 973.232.7897
Email : Deanna.Evers@emtecinc.com

ABOUT EMTEC

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22

August

Article: Progressing your BI Strategy – Begin the Crawl

ARTICLE FEATURED IN TECHNOLOGY FIRST, AUGUST 2011
By Sajid Patel

Business Intelligence has been around for quite some time, arguably dating back to the 1960’s under the generalization of Decision Support Systems. While today’s definition may not be consistently used by analysts, vendors or customers; the business value it promises to deliver can be justified through numerous real-life case studies. Even a single, well-orchestrated instance can be enough to achieve a sizable return on investment and then some. Needless to say, finding that one hidden opportunity that can yield

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16

August

Emtec, Inc Acquires Emerging Solutions

Springfield, NJ – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced that it has entered into a definitive agreement whereby Emtec will acquire Gnuco, LLC, doing business as Emerging Solutions (“Emerging.”) Emerging is an Information Technology (IT) consulting/services company, based in Chicago, IL that focuses on enterprise performance management and has broad capabilities and deep technical expertise in market-leading technologies (e.g. Oracle, Hyperion, PeopleSoft, Microsoft, and Salesforce.com) as well as expertise in business process management.

Emtec is now positioned to provide a broad and deep

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15

August

Emtec, Inc Raises $10 Million in Mezzanine Financing

Springfield, NJ – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced that a new investment partner, NewSpring Mezzanine Capital, has invested $10 million of mezzanine debt financing in Emtec. NewSpring is a leading provider of capital to growth companies headquartered in the Mid-Atlantic Region. The proceeds are being used to repay senior debt, fund the Emerging acquisition (see separate press release), pay transaction expenses, and for growth.

Steve Hobman, General Partner of NewSpring Mezzanine, commented, “We are very excited to be able to become

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01

August

Emtec, Inc. Announces 2011 Third Quarter Results

Springfield, NJ – Emtec, Inc. (OTCBB: ETEC) (“Emtec” or the “Company”) announced today the results of its third quarter.

Revenue decreased 16% to $44.9 million for quarter ended May 31, 2011 from $53.5 million in quarter ended May 31, 2010, a decrease of $8.6 million. Services and consulting revenue grew by 45%, with approximately half of the growth coming from the addition of revenues generated by the Company’s acquisitions. Gross profit dollars decreased by 3.4% while the gross profit percent improved to 17.4%. Earnings before interest, taxes, depreciation

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27

July

Emtec Expands Management Team Leadership

Springfield, NJ – Emtec, an Information Technology consulting and managed services provider, today announced that it has expanded its leadership team with the addition of Jeff Clapper as Executive Vice President, Commercial Sector. Mr. Clapper will oversee the company’s sales and marketing efforts in the commercial sector globally, and continue to focus on building Emtec’s IT services revenues.

Bringing more than 15 years of sales and management experience, Mr. Clapper will report directly to Mr. Dinesh Desai, CEO, President, and Chairman at Emtec. Prior to joining the company, Mr. Clapper was

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16

June

Emtec Named to 2011 CRN VAR500 List

Springfield, NJ – Emtec, an IT systems integrator, today announced that it has been recognized by Everything Channel as part of CRN’s VAR500 list for 2011 establishing Emtec among the leading technology integrators in North America. Emtec is now ranked #90, up from #173 last year – further proof of its success and growth in 2010. The company has made the VAR500 list since its inception 17 years ago.

The list is comprised of the highest producing technology integrators and solution providers in the IT channel, focusing on earnings from IT

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15

April

Emtec, Inc. Announces 2011 Second-Quarter Results

Springfield, NJ, April 15, 2011 – Emtec, Inc. (OTCBB: ETEC) (“Emtec” or the “Company”) announced today that it acquired two companies and announced its financial results for the second quarter of 2011.

The acquisitions of the two companies will significantly enhance the Company’s portfolio of services, talent, and client base and provide greater on-shore and off-shore development depth for all practice areas. The company acquired Dinero Solutions, LLC, a leading Oracle, eBusiness suite (EBS) ERP consulting and integration practice on February 3rd 2011, and Covelix, Inc., an application development organization that

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