News

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”) announced today that for the quarter ended February 28, 2013, its Adjusted EBITDA, which is defined by management as net earnings (loss) before interest, taxes, depreciation, amortization, retention bonuses, stock-based compensation, severance, earn out liability adjustment, stock warrant expense, restructuring charge, impairment of identifiable intangible assets and impairment of goodwill (“Adjusted EBITDA”) increased by $102,000 to $110,000 compared to the second fiscal quarter of last year. Adjusted EBITDA for the six months ended February 28, 2013 was relatively consistent

Chicago, IL. – Emtec, Inc. (OTCQB: ETEC), a leading provider of technology-empowered business solutions for world-class organizations, will deliver four presentations at Collaborate 13, the leading technology and application forum for the Oracle community, in Denver, April 7 – 11, at the Colorado Convention Center.

From ABRA to Fusion HCM at Wintrust Financial: Fastest Core Fusion HCM Implementation to Date
When leadership realized their HR systems were outdated, Wintrust Financial, a multi-billion dollar holding company with more than 145 banking locations in the United States and Canada, worked with Emtec, a leading

Springfield, NJ. – For the third year in a row, Emtec (OTCQB: ETEC), a leading provider of technology-empowered business solutions for world-class organizations, has been named to CRN’s list of the Tech Elite 250. Companies on the 2013 Tech Elite 250 list represent a group of IT solution providers who have invested in the training and education needed to earn the most advanced technical certifications in the IT Channel for data center or cloud.

In compiling the list, CRN editors worked with the UBM Tech Channel research group and a team

Jacksonville, FL. – With technology needs rapidly changing, Emtec, Inc. (OTCQB: ETEC), a leading provider of technology-empowered business solutions for world-class organizations, is finding that more and more school systems are turning to consulting firms to help schools better align their technology with the needs of the students, and to help position the students for success as they prepare for higher education and real-world jobs.

Emtec’s Jacksonville office has provided IT consulting needs in the education space for more than 30 years in the southern region, which includes school systems in

Springfield, NJ. – Emtec, Inc. (OTCBB: ETEC) (“Emtec” or the “Company”) announced today that for the year ended August 31, 2012, the Company reported positive Adjusted EBITDA (as defined below) of $5.8 million, which reflects growth of over 51% versus Adjusted EBITDA of $3.8 million for the year ended August 31, 2011. Consulting and outsourcing revenue increased by 39% when compared to the year ended August 31, 2011.

Revenue increased to $224.6 million for fiscal year 2012 from $212.1 million in the fiscal year 2011, an increase of 5.9%. Gross Profit

SPRINGFIELD, NJ. – Emtec, Inc. (OTCQB: ETEC), a leading provider of technology-empowered business solutions for world-class organizations, announced today that it has unveiled a new corporate brand and business, and unified all of its businesses under the new Emtec brand.

“We are thrilled to announce the evolution of the Emtec brand,” said Dinesh Desai, Chairman and CEO, Emtec. “The past few years have been a very exciting time for our organization as we continue to grow and enhance our capabilities and offerings. The new Emtec brand identity was inspired by our

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”) announced today that, for the quarter ended May 31, 2012, consulting and outsourcing revenue increased to $26.8 million from $20.2 million in the quarter ended May 31, 2011, an increase of $6.6 million or 32.5%. Overall revenue increased from $44.9 million for the three months ended May 31, 2011 to $50.7 million for the three months ended May 31, 2012. Gross profit increased by approximately $1.3 million to $9.1 million for the quarter ended May 31, 2012 from $7.8

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced that it has appointed Chris Hughes as the company’s new Canadian Country Manager and Siva Arunachalam as its Managing Director of the Application Development, Maintenances & Support (ADMS)/Application Outsourcing practice.

Mr. Hughes is based out of the Ottawa, Ontario office and is positioned to work with the sales and delivery teams to enhance the company’s brand and grow the sales of the broader Emtec portfolio of services in Canada. He brings over 25 years of

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”), a systems integrator, today announced the company has been recognized by UBM Channel as a part of CRN’s 2012 Solution Provider 500 list, which ranks the top technology integrators in North America. Emtec has been on the list since the first list was published 18 years ago. This year marks Emtec’s second consecutive year of being among the top 100 solution providers in the country, ranking 95th.

“Each year we strive for excellence and it is an honor to be

Chicago, IL. – Emerging Solutions, a subsidiary of Emtec, Inc. (OTCQB: ETEC), today announced that its Infrastructure Practice Manager, John Booth, will speak at KSCOPE 12, a technical conference for the Oracle community, on June 24-28 in San Antonio, Texas. He is giving two presentations including “Planning for and Managing Your Hyperion Infrastructure,” and “Benchmarking Physical vs. Virtual and Linux vs. Windows.”

Mr. Booth is the infrastructure practice manager for OBIEE and Hyperion technologies at Emerging Solutions. He is a contributor to the Oracle Technology Network and Network 54 Hyperion forums,

Chicago, IL. – Emerging Solutions, a subsidiary of Emtec, Inc. (OTCQB: ETEC), today announced that two of its executives will speak at COLLABORATE 12, a technology and applications forum for the Oracle community, on April 22-26 in Las Vegas, Nevada. PeopleSoft Financials and Supply Chain Director, Jon Given is presenting on “PeopleSoft Testing Framework: Leverage PTF in Your Next Upgrade, Implementation or Support Project,” and HCM Practice Manager, Daniel Schnake is speaking on how to “Utilize the Approval Workflow Engine in HCM.”

As Director of the PeopleSoft Financials practice, Jon’s responsibility

Springfield, NJ. – Emtec, Inc. (OTCQB: ETEC) (“Emtec” or the “Company”) announced today that, for the quarter ended February 29, 2012, consulting and outsourcing revenue increased to $25.2 from $17.6 million in quarter ended February 28, 2011, an increase of $7.6 million or 43.2%. Overall revenue increased from $46.1 million for the three months ended February 28, 2011 to $47.7 million for the three months ended February 29, 2012. Procurement services revenues declined by $6.0 million from $28.6 million for the three months ended February 28, 2011 to $22.6 million

Springfield, NJ. – Emtec, Inc. today announced that is has been honored as the Data Partner of the Year by Alcatel-Lucent Enterprise.

Emtec was presented the “2012 Data Partner of the Year in North America” Award at the annual Executive Partner Days event in Cancun, Mexico. This award was based on a combination of factors including Emtec’s investment in engineering talent, increase in sales volume, and collaboration with Alcatel-Lucent during the previous year.

In the past three years, Emtec has invested a significant amount of resources and engineering talent toward joint solutions,

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 providers

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 clients and

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,

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 Emtec, commented, “We

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,

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 February 2008.