TekInsight to Merge With DynCorp's State Government Subsidiary

Combination Will Create a $100+ Million Balanced

State and Local Government IT and Management Services Revenue Stream



Apr 26, 2001, 01:00 ET from DynCorp

    RESTON, Va., April 26 /PRNewswire/ -- DynCorp, a multi-billion dollar
 information technology and outsourcing solutions company based in Reston, Va.,
 and TekInsight.com, Inc. (Nasdaq: TEKS) (Nasdaq: TEKSP) (Nasdaq: TEKSW), a
 leading provider of productivity-enhancing technologies and solutions to state
 and local government, today announced that they have signed a definitive
 agreement to merge DynCorp's state government services subsidiary, DynCorp
 Management Resources (DMR), with TekInsight's multi-state electronic
 government and IT services organization.  DynCorp, with revenues of $1.8
 billion and a contract backlog of over $6 billion, is among the largest
 employee-owned technology services companies in the United States.
     Under the terms of the proposed transaction, which must be approved by
 TekInsight shareholders and is subject to specified contingencies, TekInsight
 will issue new shares of a newly created Class B Common Stock as consideration
 for the transaction.  Upon completion, DynCorp will hold approximately 40
 percent of TekInsight's fully-diluted common equivalent shares.
      "We are delighted to be associated with a company of DynCorp's caliber.
 Attracting one of the leaders in the government services market validates
 TekInsight's balanced, full service approach to providing government
 transformation solutions," commented Steven J. Ross, TekInsight CEO.  "We are
 excited to be able to tap into DynCorp's extensive experience and knowledge of
 the management services marketplace. The merger of DynCorp Management
 Resources' multi-state operations with our own gives us a 17 state coverage
 footprint immediately, along with a broadened service set and contract revenue
 backlog."
     Paul Lombardi, President and CEO of DynCorp, believes that the merger
 provides greater value to state and local governments. "State and local
 governments are increasingly turning to the private sector for management
 expertise, operations staffing and technology solutions.  The outsourced
 program management expertise DMR has built up over the last five years,
 combined with TekInsight's successful track record of building technology
 solutions, creates compelling value to state and local governments looking for
 a provider that can provide a balanced, comprehensive set of outsourced
 services," said Lombardi.
 
     About DynCorp
     DynCorp is a leading information technology and outsourcing solutions
 company.  Founded in 1946, the company has more than 23,000 employees working
 at 550 company and customer locations around the world.  Headquartered in
 Reston, Va., a suburb of Washington, DC, DynCorp is among the largest
 employee-owned technology companies in the country.
 
     About DynCorp Management Resources
     DynCorp Management Resources, Inc. (DMR) is a subsidiary of DynCorp, a
 $1.8 billion, employee-owned company that provides diverse information
 technology and outsourcing services to government clients.  DMR was formed in
 1996 to leverage DynCorp's strengths and to deliver high quality service to
 state and local governments. DMR currently serves more than a dozen clients in
 twelve states providing a variety of information technology and business
 process outsourcing services.
 
     About TekInsight
     TekInsight helps governments transform by using innovative technology and
 management techniques to increase efficiency in government operations and
 improve access to government functions.  The company's comprehensive
 Government Transformation Methodology includes consulting, infrastructure
 planning and deployment, application development, legacy integration and
 support.  TekInsight's ePluribus(TM) Software Suite is comprised of custom and
 modular e-government applications that enable governments to process tax and
 violation payments, licenses, parks & recreation management, deeds and more
 online and in real-time. TekInsight's ProductivIT(TM) suite of Internet-based
 applications is a completely customizable IT support enhancement tool designed
 to aid in the diagnosis and resolution of hardware and software application
 issues in any size environment.  TekInsight competes in the government
 technology space shared with companies such as National Information
 Consortium, Inc. and Maximus.  For additional information on TekInsight,
 please visit http://www.tekinsight.com .
 
     Forward Looking Statements
     This press release contains certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended, which are intended to
 be covered by the safe harbors created thereby.  Investors are cautioned that
 certain statements in this release are "forward looking statements" within the
 meaning of the Private Securities Litigation Reform Act of 1995 and involve
 known and unknown risks, uncertainties and other factors.  Such uncertainties
 and risks include, among others, certain risks associated with the operation
 of a newly combined entity as described above, the impact of government
 procurement regulations on the agreements to be transferred to and to be
 entered into by the combined company as described above, the ability to turn
 the projected contract backlog into revenue and net income by the combined
 company, the ability of the combined company to be properly managed by the
 current and future management teams,  the continuing desire of state and local
 governments to outsource to private contractors the performance of government
 services, and the continuation of general economic and business conditions
 that are conducive to government outsourcing of service performance.  Actual
 events, circumstances, effects and results may be materially different from
 the results, performance or achievements expressed or implied by the forward-
 looking statements. Consequently, the forward-looking statements contained
 herein should not be regarded as representations by TekInsight.com, or any
 other person that the projected outcomes can or will be achieved.
 
     Additional Information and Where to Find It
     TekInsight plans to mail a Proxy Statement to its shareholders with
 respect to the proposed merger.  Shareholders are urged to read the Proxy
 Statement carefully when it is available.  The Proxy Statement will contain
 important information regarding TekInsight, DMR, the proposed merger, the
 persons soliciting proxies relating to the proposed merger, their interests in
 the proposed merger and other related matters.  Shareholders will be able to
 obtain free copies (when available) of the Proxy Statement and any other
 relevant documents through the website maintained by the U.S. Securities and
 Exchange Commission (the "SEC") at http://www.sec.gov .  Free copies of the
 Proxy Statement and any other relevant documents may also be obtained (when
 available) from TekInsight by directing a request to TekInsight.com, Inc.,
 18881 Von Karman Avenue, Suite 250, Irvine, California 92612, attention: Linda
 Wise, telephone: 949-955-0078, ext. 115.
 
     In addition to the Proxy Statement, TekInsight files annual, quarterly and
 special reports and other information with the SEC.  You may read and copy any
 reports, statements or other information filed by TekInsight at the SEC's
 public reference room at 450 Fifth Street, N.W., Washington D.C. 20549 or at
 any of the SEC's other public reference rooms in New York, New York and
 Chicago, Illinois.  Please call the SEC at 1-800-SEC-0330 for further
 information regarding the public reference rooms.  TekInsight's filings with
 the SEC are also available to the public from commercial document-retrieval
 services and through the website maintained by the SEC at http://www.sec.gov .
 
     TekInsight and its directors, executive officers and certain other
 employees and members of management may be deemed to be soliciting proxies
 from shareholders of TekInsight in favor of the proposed merger.  Information
 concerning the participants in the solicitation, including a description of
 their direct and indirect interest in TekInsight, is set forth as of October
 13, 2000 in TekInsight's Annual Report on Form 10-K (as amended) for the year
 ended June 30, 2000.  Updated information concerning the participants will be
 set forth in the Proxy Statement.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X27374565
 
 

SOURCE DynCorp
    RESTON, Va., April 26 /PRNewswire/ -- DynCorp, a multi-billion dollar
 information technology and outsourcing solutions company based in Reston, Va.,
 and TekInsight.com, Inc. (Nasdaq: TEKS) (Nasdaq: TEKSP) (Nasdaq: TEKSW), a
 leading provider of productivity-enhancing technologies and solutions to state
 and local government, today announced that they have signed a definitive
 agreement to merge DynCorp's state government services subsidiary, DynCorp
 Management Resources (DMR), with TekInsight's multi-state electronic
 government and IT services organization.  DynCorp, with revenues of $1.8
 billion and a contract backlog of over $6 billion, is among the largest
 employee-owned technology services companies in the United States.
     Under the terms of the proposed transaction, which must be approved by
 TekInsight shareholders and is subject to specified contingencies, TekInsight
 will issue new shares of a newly created Class B Common Stock as consideration
 for the transaction.  Upon completion, DynCorp will hold approximately 40
 percent of TekInsight's fully-diluted common equivalent shares.
      "We are delighted to be associated with a company of DynCorp's caliber.
 Attracting one of the leaders in the government services market validates
 TekInsight's balanced, full service approach to providing government
 transformation solutions," commented Steven J. Ross, TekInsight CEO.  "We are
 excited to be able to tap into DynCorp's extensive experience and knowledge of
 the management services marketplace. The merger of DynCorp Management
 Resources' multi-state operations with our own gives us a 17 state coverage
 footprint immediately, along with a broadened service set and contract revenue
 backlog."
     Paul Lombardi, President and CEO of DynCorp, believes that the merger
 provides greater value to state and local governments. "State and local
 governments are increasingly turning to the private sector for management
 expertise, operations staffing and technology solutions.  The outsourced
 program management expertise DMR has built up over the last five years,
 combined with TekInsight's successful track record of building technology
 solutions, creates compelling value to state and local governments looking for
 a provider that can provide a balanced, comprehensive set of outsourced
 services," said Lombardi.
 
     About DynCorp
     DynCorp is a leading information technology and outsourcing solutions
 company.  Founded in 1946, the company has more than 23,000 employees working
 at 550 company and customer locations around the world.  Headquartered in
 Reston, Va., a suburb of Washington, DC, DynCorp is among the largest
 employee-owned technology companies in the country.
 
     About DynCorp Management Resources
     DynCorp Management Resources, Inc. (DMR) is a subsidiary of DynCorp, a
 $1.8 billion, employee-owned company that provides diverse information
 technology and outsourcing services to government clients.  DMR was formed in
 1996 to leverage DynCorp's strengths and to deliver high quality service to
 state and local governments. DMR currently serves more than a dozen clients in
 twelve states providing a variety of information technology and business
 process outsourcing services.
 
     About TekInsight
     TekInsight helps governments transform by using innovative technology and
 management techniques to increase efficiency in government operations and
 improve access to government functions.  The company's comprehensive
 Government Transformation Methodology includes consulting, infrastructure
 planning and deployment, application development, legacy integration and
 support.  TekInsight's ePluribus(TM) Software Suite is comprised of custom and
 modular e-government applications that enable governments to process tax and
 violation payments, licenses, parks & recreation management, deeds and more
 online and in real-time. TekInsight's ProductivIT(TM) suite of Internet-based
 applications is a completely customizable IT support enhancement tool designed
 to aid in the diagnosis and resolution of hardware and software application
 issues in any size environment.  TekInsight competes in the government
 technology space shared with companies such as National Information
 Consortium, Inc. and Maximus.  For additional information on TekInsight,
 please visit http://www.tekinsight.com .
 
     Forward Looking Statements
     This press release contains certain forward-looking statements within the
 meaning of Section 27A of the Securities Act of 1933, as amended, and Section
 21E of the Securities Exchange Act of 1934, as amended, which are intended to
 be covered by the safe harbors created thereby.  Investors are cautioned that
 certain statements in this release are "forward looking statements" within the
 meaning of the Private Securities Litigation Reform Act of 1995 and involve
 known and unknown risks, uncertainties and other factors.  Such uncertainties
 and risks include, among others, certain risks associated with the operation
 of a newly combined entity as described above, the impact of government
 procurement regulations on the agreements to be transferred to and to be
 entered into by the combined company as described above, the ability to turn
 the projected contract backlog into revenue and net income by the combined
 company, the ability of the combined company to be properly managed by the
 current and future management teams,  the continuing desire of state and local
 governments to outsource to private contractors the performance of government
 services, and the continuation of general economic and business conditions
 that are conducive to government outsourcing of service performance.  Actual
 events, circumstances, effects and results may be materially different from
 the results, performance or achievements expressed or implied by the forward-
 looking statements. Consequently, the forward-looking statements contained
 herein should not be regarded as representations by TekInsight.com, or any
 other person that the projected outcomes can or will be achieved.
 
     Additional Information and Where to Find It
     TekInsight plans to mail a Proxy Statement to its shareholders with
 respect to the proposed merger.  Shareholders are urged to read the Proxy
 Statement carefully when it is available.  The Proxy Statement will contain
 important information regarding TekInsight, DMR, the proposed merger, the
 persons soliciting proxies relating to the proposed merger, their interests in
 the proposed merger and other related matters.  Shareholders will be able to
 obtain free copies (when available) of the Proxy Statement and any other
 relevant documents through the website maintained by the U.S. Securities and
 Exchange Commission (the "SEC") at http://www.sec.gov .  Free copies of the
 Proxy Statement and any other relevant documents may also be obtained (when
 available) from TekInsight by directing a request to TekInsight.com, Inc.,
 18881 Von Karman Avenue, Suite 250, Irvine, California 92612, attention: Linda
 Wise, telephone: 949-955-0078, ext. 115.
 
     In addition to the Proxy Statement, TekInsight files annual, quarterly and
 special reports and other information with the SEC.  You may read and copy any
 reports, statements or other information filed by TekInsight at the SEC's
 public reference room at 450 Fifth Street, N.W., Washington D.C. 20549 or at
 any of the SEC's other public reference rooms in New York, New York and
 Chicago, Illinois.  Please call the SEC at 1-800-SEC-0330 for further
 information regarding the public reference rooms.  TekInsight's filings with
 the SEC are also available to the public from commercial document-retrieval
 services and through the website maintained by the SEC at http://www.sec.gov .
 
     TekInsight and its directors, executive officers and certain other
 employees and members of management may be deemed to be soliciting proxies
 from shareholders of TekInsight in favor of the proposed merger.  Information
 concerning the participants in the solicitation, including a description of
 their direct and indirect interest in TekInsight, is set forth as of October
 13, 2000 in TekInsight's Annual Report on Form 10-K (as amended) for the year
 ended June 30, 2000.  Updated information concerning the participants will be
 set forth in the Proxy Statement.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X27374565
 
 SOURCE  DynCorp

RELATED LINKS

http://www.dyncorp.com