Scottsdale, Arizona 4/14/2010 12:38:24 AM
News / Finance

Emtec, Inc. (ETEC.OB) Acquires Mumbai, India based SARK Infotech

QualityStocks would like to highlight Emtec, Inc. (OTCBB: ETEC). The company is a systems integrator providing IT services and products to the federal, state, local, education and commercial markets. Emtec helps clients identify and prioritize areas for improvement and then implement process, technology and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organization.  

 

In the company’s news yesterday,

 

Emtec, Inc. announced that they acquired SARK Infotech, a software consulting company. This particular acquisition greatly enhances Emtec’s ability to deliver application development and integration projects. The Company will integrate SARK Infotech’s delivery capabilities into their operations, growing its footprint in Asia.

 

Dinesh Desai, Chairman, CEO, and President of Emtec said, “We are committed to growing our business organically and by acquiring companies that help us expand our service offerings and solutions for our clients. We are confident that through the acquisition of SARK, Emtec has taken another step forward in expanding our footprint worldwide and look forward to continued growth in our key focus areas of systems integration and application services.”

 

Founded in 1989, SARK is an international software outsourcing specialist. SARK is now focusing on developing web-based applications using primarily Open Source and Microsoft .NET platforms. They offer a broad spectrum of services. These include network and system management solutions, interactive transactional solutions, and software development, maintenance and migration. They are also capable of providing embedded software development for Network Processing Unit (NPU) based networking software, wireless applications for handhelds and PDAs, device drivers and other devices and components.

 

Mayank Shah, co-founding director, SARK, said, “We are looking forward to becoming part of the Emtec team and increasing the breadth of their offerings. As a company, we are focused on becoming recognized globally as a noted player in the Web and embedded technologies industry and our merger with Emtec will directly support that objective.”

 

Kiran Ambardekar, co-founding director, SARK, added, “We are excited about the opportunity for growth offered by being part of a team with Emtec’s extensive business development capabilities.”

 

About QualityStocks

 

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

 

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

 

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

 

Forward-Looking Statement:

This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.