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UPDATE: SilverSun Technologies Announces Sage ERP X3 SaleSubsidiary SWK Technologies Closes $225,000 Transaction (March 19, 2012)
LIVINGSTON, NJ -- (Marketwire) -- 03/19/12 -- SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) announced today that its subsidiary, SWK Technologies, has closed a significant sale of Sage ERP X3, Sage's flagship global ERP solution for mid-sized and larger businesses.
The value of the transaction is estimated at greater than $225,000. The client is a process manufacturer of food flavorings.
Mark Meller, CEO of SilverSun Technologies, stated, "SWK has made a significant commitment to Sage ERP X3, in both time and money. This represents the 5th Sage X3 sale we've closed. As one of a handful of nationwide Sage business partners to recently adopt Sage ERP X3, SWK is one of very few of these resellers who are currently fully certified on the solution. SWK has also recently hired two key Sage ERP X3 consultants who were previously part of Sage's ERP X3 team. Our expertise in Sage ERP X3 is deep and growing."
Jeffrey D. Roth, CEO of SWK, added, "Sage ERP X3 will be an important and critical part of our business going forward. Sage ERP X3 provides our clients with a new generation of integrated, user-centric business solutions which allows all users of an extended enterprise to be active stakeholders in accelerated and collaborative business processes. It is an especially appealing solution for process manufacturers."
Roth continued, "As a result of the great demand we've seen in the marketplace, we have been hard at work at developing proprietary products which seamlessly integrate with Sage ERP X3. Not only do we expect to be able to make a series of announcements about additional Sage X3 sales in the very near future, but we also anticipate that we will soon be announcing our own line of proprietary solutions which enhance and increase the functionality of Sage ERP X3."
About SilverSun Technologies, Inc.
SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, SilverSun has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.treyresources.com, www.swktech.com, www.mapadoc.com, or contact SilverSunTechnologies CEO Mark Meller at (973) 758-9555 or by e-mail at email@example.com.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SilverSun Technologies, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
CEO Mark Meller
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