News

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

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

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

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

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

In today’s highly volatile economic environment and rapidly changing landscape of IT best practices, most IT leaders are struggling with balancing competing priorities with ever-shrinking budgets. For many, it’s an ongoing debate with business executives on how to address the costs and risks associated with delivering IT services. Innovation within IT is being achieved by some; however the majority of IT organizations do not know where to begin.

In order to address these concerns, some IT organizations are embracing a new, pragmatic approach to IT value by implementing a measurement process

Springfield, NJ – Emtec, Inc. (OTCBB: ETEC) (“Emtec” or the “Company”) announced today that for the quarter ended November 30, 2010, revenue increased to $76.9 million for quarter ended November 30, 2010 from $73.6 million in quarter ended November 30, 2009, an increase of $3.3 million. Services and consulting revenue grew by 17.6% from the same period in the prior year, primarily from the addition of revenues generated by the Company’s recent SDI acquisition. Gross profit showed no material increase from the same period in the prior year. Earnings before

Marlton, NJ – Emtec, Inc. (OTCBB: ETEC), a systems integrator, today announced that it has been awarded a contract initially funded at $3.2 million for the first two years, and will be funded up to a total of $8 million if the options for the three additional one-year renewal periods are fully exercised. This award is for the delivery of Desktop Support Services in 200 locations throughout Jacksonville, Florida and will support more than 6,500 users of desktop and laptop PCs.

Emtec associates working with the City of Jacksonville include

Marlton, NJ – Emtec, Inc. (OTCBB: ETEC), a systems integrator, today announced that it has acquired the Information Management practice capabilities and other assets of Xcellor, a premier leader in high-performance business intelligence and data warehousing solutions and consulting services. The company’s founders, Peter LePine and Saj Patel, will manage Emtec’s newly formed Information Management practice, which is based on Xcellor services and will expand the core offerings for Emtec’s Application Services portfolio.

Through this acquisition, Emtec has added services to its portfolio including data warehousing, data Integration, information management and

Marlton, NJ – Emtec, Inc. (OTCBB: ETEC), a niche systems integrator, announced that it has acquired through its subsidiary, Emtec Federal, Inc., all of the outstanding stock of Secure Data, Inc. (SDI). The company is a veteran-owned, application services consulting firm specializing in developing financial and custom web business applications. SDI’s focus has been on agencies within the federal government, primarily the Department of Defense (DoD) and select commercial clients.

This is the second application development acquisition made by Emtec this year. SDI adds critical project-based application development capabilities for Emtec

Marlton, NJ – Emtec, Inc. (OTCBB: ETEC), a systems integrator, today announced that it has acquired SARK Infotech, a software consulting company based in Mumbai, India. This acquisition significantly complements Emtec’s ability to deliver application development and integration projects. SARK’s delivery capabilities will be integrated into Emtec’s operations and expand Emtec’s footprint in Asia. Now, with offices in both Mumbai and Bangalore, Emtec offers an expanded global delivery model through a mix of onshore and offshore development centers.

“We are committed to growing our business organically and by acquiring companies that

Marlton, NJ – Emtec, Inc. (OCTCBB: ETEC) (“Emtec” or the “Company”) announced today that it has acquired through its subsidiary, Emtec Global Services LLC, all of the outstanding stock of eBusiness Applications Solutions, Inc. (“eBAS”) and Aveeva, Inc. (“Aveeva”) headquartered in Fremont, CA, and their Indian subsidiary Aviance Software India Private Limited (“Aviance”), headquartered in Bangalore, India. Jessica Chopra, who will remain as President of eBAS and Aveeva reporting directly to Dinesh Desai, Chairman, CEO, and President of Emtec said, “I’m excited to be a part of the growth of

Marlton, NJ – Emtec, Inc. (OCTCBB: ETEC) (“Emtec” or the “Company”) announced today that it has acquired through its subsidiary, Emtec Global Services LLC, all of the outstanding stock of Luceo, Inc. headquartered in Naperville, IL. In 2006 Luceo was Ranked #1 from a Growth perspective in “The 2006 News India-Times-VII 100” listing. Siva Natarajan, who will remain as President of Luceo reporting directly to Dinesh Desai, Chairman, CEO, and President of Emtec said, “I’m excited about the opportunities for Luceo to grow as part of a larger enterprise like