MT. LAUREL, N.J., Sept. 12 /PRNewswire-FirstCall/ -- For the third time in
a year, Emtec, Inc. (OTC Bulletin Board: ETEC), a leading IT solutions
integration firm, has expanded its operations through acquisition. On August
31, 2002, Emtec acquired all of the customer contracts and certain other
assets of Turnkey Computer Systems, Inc. of Clifton, NJ. The purchase price
will be paid over a two-year period and will be based on revenues derived from
the customer contracts transferred from Turnkey Computer Systems to Emtec.
Emtec has also hired 16 of Turkey Computer Systems' employees.
Founded in 1985, Turnkey Computer Systems, Inc. offers a full range of
information technology (IT) services and has also had success providing
managed building services. These services include agreements with commercial
building landlords to provide "in-house" IT services to their tenants.
"We are very impressed with Turnkey's success in the managed building
services sector," noted John Howlett, Emtec's CEO. "We would like to expand
this service throughout our market area and have subsequently appointed
Turnkey's former President, Leonard DiCostanzo, as Senior Vice President
responsible for this business sector. He will also oversee Emtec's channel
development for our managed services offerings," he noted.
In August, Emtec announced an asset acquisition agreement with Acentra
Technologies, Inc., an IT solutions integration company in Trenton, NJ.
Earlier this year, Emtec completed a purchase of another systems integration
and consulting firm, Devise Associates, Inc. from McLeodUSA, Inc.
In addition to these acquisitions, Emtec opened an office in Jacksonville,
FL, its sixth East Coast location. Emtec employs 215 people.
"The recent acquisitions we have made, coupled with the new office in
Florida, allows us not only to expand our market area, but to offer our
customers a more complete range of IT services that are second to none on the
East Coast," Howlett said.
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. Visit http://www.emtecinc.com or call (800) 220-1120,
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SOURCE Emtec, Inc.