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UPDATE: SilverSun Technologies Closes Large Software TransactionCompany Also Secures First Client for Proprietary Brewery Management System (March 19, 2012)
LIVINGSTON, NJ -- (Marketwire) -- 03/19/12 -- SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) announced today that the company's wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has closed on a software sale valued at over $150,000.
The transaction involves the sale of Sage ERP MAS 200 SQL software and attendant consulting services.
In a separate development, SWK successfully secured the first client for its proprietary Brewery Management System ("BMS"). BMS, which is a cloud-based application designed for microbreweries and their distributors that integrates with Sage Software solutions, offers a real-time view of all orders for management, distributors and customers. A beta version of BMS will be installed at a craft brewery producing about 20,000 barrels per year of beer.
Mark Meller, CEO of SilverSun, stated, "We are pleased to announce these two transactions. Sales continue to be robust, despite the uncertain economy. Our company's reputation for depth of expertise, talent, quality, and service has placed us in the enviable position of quoting on ever more significant opportunities. We have high expectations for the balance of 2011."
Jeffrey D. Roth, CEO of SWK Technologies, said, "The BMS transaction is particularly exciting since the product was first launched only 2 short weeks ago at Sage Summit. The response to this cloud-based solution has been extraordinary, and we are following up with a large number of leads that were generated at Summit. Sales momentum continues at a record pace, and we look forward to announcing more exciting deals in the very near future."
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, by e-mail at [email protected], or by Twitter at Mark_SSNT.
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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