Date: January 7, 2008
Source: AERC Recycling Solutions
AERC.com, Inc. Announces Acquisition of Secure Data Destruction and Disposal Operations
AERC.com, Inc., the leading full- service Secure Data Management and Recycling Companies in the US, announced that it has acquired from DynTek, Inc. (Pink Sheets: DYNK), its Secure Data Destruction and Disposal System (SDDS) operations, contracts and management software.
The terms of the sale include the transfer to AERC of DynTek's proprietary Secure Asset Management Software Program, related intellectual property and the Company's Statewide Secure Data Destruction contract with the Commonwealth of Virginia. AERC has served as DynTek's primary subcontractor on the Virginia contract for the past three years.
"DynTek's SDDS operations are a perfect complement to Com-Cycle, a wholly owned subsidiary of AERC and our electronics recycling business unit, and a logical step in our growth that calls for expanding our footprint, strategic acquisitions, business combinations, and joint ventures" said Peter J Jegou, AERC and Com-Cycle's Chief Executive Officer.
Lindsay Landmesser, Vice President of Sales, added "With our business volume, solution focus and recycling sales and management expertise, the Company can capitalize on this business through the expansion of opportunities within the Virginia SDDS contract and the use of the Secure Asset Management Software Program in other areas as well."
"Our strategic focus is on growing, managing and supporting profitable field operations that align with our core competencies," said Casper Zublin, Jr., DynTek's Chief Executive Officer. "SDDS is outside of our core business. We do look forward to partnering with AERC on future SDDS opportunities within our customer base, including adding them as a service line on our GSA schedule."
About AERC Recycling Solutions
AERC Recycling Solutions has become an industry leader through its partnerships with its clients by providing unmatched convenience, regulatory compliance and expert consulting to handle electronic waste and Universal Waste issues. Com-Cycle was started in 2001 by AERC to help service customers with electronics recycling needs. Com-Cycle offers complete computer and electronics recycling services with a Zero-Waste-to-Landfill Policy. It offers compliance with Federal, State, and Local regulations as well as Secure Data Destruction for electronic data drives. AERC and Com-Cycle together provide an array of services including Secure Data Destruction and Management, Total Asset Management and End-of-Life Electronics Management. With their fleet of GPS tracked trucks they provide delivery confirmations and in-house management of logistics for their clients and can provide an audit trail for compliance with data security and environmental laws.
AERC provides "chain of custody" of assets for clients with coverage throughout all major markets in the United States, with plans to open three new facilities strategically located across the United States within the next twelve months.
AERC has recently secured funding and is seeking acquisitions, business combinations, and joint ventures in its markets. Target companies possess strong management with industry knowledge, experience, and the ability to experience financial growth through beneficial operating leverage. Please visit www.com-cycle.com for more information.
Companies interested in acquisitions, partnerships or joint ventures with AERC or Com-Cycle should contact:
Peter J. Jegou, President & CEO pjegou@aercrecycling.com 973-691-0055
About DynTek
DynTek is a leading provider of professional technology services to mid- market companies, such as state and local governments, educational institutions and commercial entities in the largest IT markets nationwide. DynTek provides a broad range of IT security, unified communication, virtualization, Microsoft Information Worker, and application infrastructure and delivery solutions. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit www.dyntek.com.
SOURCE AERC.com, Inc.
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