2014

Emtec Acquires State of New Jersey Contract From Acentra Technologies

    MT. LAUREL, N.J., Aug. 29 /PRNewswire-FirstCall/ --
 Emtec, Inc., (OTC Bulletin Board:   ETEC.OB) a leading IT solutions integration
 firm, announced that it has acquired certain assets of Acentra Technologies,
 Inc., including the assumption of Acentra's contract with the State of New
 Jersey.  In fiscal 2001, Acentra received revenues of $30 million from
 purchase orders under this contract.  The aggregate purchase price of the
 Acentra assets was approximately $200,000 subject to certain post-closing
 adjustments.
     As a part of the transaction, Acentra's President, Joseph Garofalo, joins
 Emtec's senior management team as Senior Vice President of
 Government/Education, Northeast Region; and Emtec hired 33 of Acentra's
 50 employees.
     Founded in 1987, Trenton, NJ-based Acentra Technologies is an IT solutions
 integration company that offers project management, professional services,
 network consulting, cabling and technical support services.  In addition to
 its work in the private sector, Acentra provides these services to a number of
 New Jersey State government departments and agencies, as well as
 municipalities and school boards throughout the state.  During fiscal 2001,
 Acentra's revenues were approximately $34 million.  A loss for the same period
 is expected but has not yet been quantified.
     "Particularly important to us is Acentra's portion of the New Jersey State
 Micro/Mini Contract, which includes a range of installation and consulting
 services, as well as hardware and software procurement.  Equally attractive is
 the company's involvement in the state's education market.  Although we handle
 a significant volume of education business in our Southeast Region --
 especially in Georgia and Florida-this new relationship will open up new
 market opportunities in our Northeast Region," said Emtec CEO John Howlett.
     Howlett also noted that the new relationship with Acentra enhances Emtec's
 services expertise in two key areas.  "We are particularly excited about
 Acentra's expertise in Cisco's voice-over-IP technology.  Additionally, we can
 now offer our customers our own cabling service.  Acentra's clients and
 prospects will also benefit by having Emtec's suite of new managed services
 offerings available to them."
     In fiscal 2001, Emtec had revenues of $69.6 million.  The addition of 33
 former Acentra employees raises Emtec's staff to more than 200 people in six
 East Coast offices extending from New York to Florida.
 
     About Emtec, Inc.
     Since 1981, Emtec has provided IT solutions for leading companies
 throughout New York, New Jersey, Connecticut, Pennsylvania, Delaware, Georgia
 and Florida. A leading information technology solutions provider, Emtec
 provides services that include network monitoring, help desk, IT consulting,
 security, data storage, data protection and enterprise infrastructure design
 and implementation. Emtec has been listed on the VAR Business 500 list
 continually since 1995.  For more information about Emtec, Inc. visit
 http://www.emtecinc.com or call (800) 220-1120, Ext. 210.
 
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SOURCE Emtec, Inc.

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