Company Expects to Report First $4 Million Revenue Quarter in Its History
LIVINGSTON, NJ -- (Marketwire) -- 03/26/13 -- SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT), a company engaged in delivering transformational business technology solutions and services, today announced that its principal operating subsidiary, SWK Technologies, closed two new major Sage ERP X3 global enterprise solution sales within the last 15 days. The value of the two transactions exceeded $550,000.
Mark Meller, Chairman and CEO of SilverSun, noted, "It was but five short weeks ago that we announced the closing of three ERP X3 sales worth $650,000. Since that time, we have closed two new major transactions. As a result, we anticipate that SilverSun will report revenues in excess of $4 million for our first quarter, ending March 31, 2013, which will mark the first time in our history that we have achieved that level of revenue in a single quarter."
Meller continued, "SWK's sales pipeline is the strongest in its history and its future growth prospects are exceptionally vibrant. We continue to close deals at a record pace, which should prove to be notably value-enhancing for SilverSun and our many stakeholders as we work to perpetuate our success and momentum through 2013."
Jeffrey D. Roth, CEO of SWK, stated, "These two transactions were referrals from Business Partners in the SWK ERP Alliance. We created the Alliance as a unique coalition of Sage Business Partners who have customers and prospects that will benefit from all of the features and functionality that Sage ERP X3 offers. These Business Partners do not, in many cases, have the bandwidth, budget or inclination to sell and support the Sage ERP X3 solution by themselves. Through the SWK ERP Alliance, SWK's partners can align with us, capitalizing on sales opportunities that would have been lost to competitors in the past."
"As the nation's preeminent reseller of Sage ERP X3, SWK is pleased to be able to leverage our expertise to help our Alliance Partners with transactions such as these, while they materially benefit from our guaranteed referral fee program," added Roth. "Due in large measure to the success of the 'SWK ERP Alliance,' our sources of new customer referrals from our Sage Business Partners have greatly multiplied over the past several months, and our pipeline of prospective new business opportunities continues to grow at a rapid rate. We look forward to announcing more major transactions in the coming weeks and months."
About SWK Technologies, Inc.
The principal operating subsidiary of SilverSun Technologies, Inc., SWK Technologies, Inc. (www.swktech.com), is an IT consulting company providing strategies and solutions to meet its clients' information and business management needs.
As a Sage Authorized Business Partner, Sage Gold Development Partner and Sage Authorized Training Center, SWK offers best-of-breed solutions for accounting and business management, financial reporting, CRM, job costing systems and warehouse management. Specializing in collaborative commerce -- the communication and cooperation between suppliers and customers -- SWK developed MAPADOC Integrated EDI, a solution that works seamlessly with the business management solutions it sells and supports. SWK also provides managed network services and has offices in Livingston, NJ; New York City Metro Area; Syracuse, NY; Buffalo, NY; Chicago, IL; Minneapolis, MN; Ann Arbor, MI and Dallas, TX.
About SilverSun Technologies, Inc.
Headquartered in Livingston, New Jersey, SilverSun Technologies is involved in the acquisition and build-out of technology and software companies engaged in providing best of breed management applications and professional consulting services to small and medium size businesses (SMBs) in the manufacturing, distribution and service industries. Serving as SilverSun's principal operating subsidiary, SWK Technologies, Inc. employs national direct and channel sales teams, and a consulting team, all of which serve a growing customer base spanning the United States and Canada. For more information, please visit www.silversuntech.com, www.swktech.com or www.mapadoc.com.
This press release may contain forward-looking statements, including information about management's view of SilverSun Technologies' future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SilverSun Technologies, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on SilverSun Technologies' future results. The forward-looking statements included in this press release are made only as of the date hereof. SilverSun Technologies cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SilverSun Technologies undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SilverSun Technologies.
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Source: SilverSun Technologies, Inc.