DBA Group Strategic to Zanett's Oracle Footprint and Service Offering... Annually Expected to Add $2m Rev and $500k Profit...NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Zanett, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ZANE) a leading information technology (IT) consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a serving Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , recently announced the acquisition of DBA Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an Atlanta-based Oracle technology consulting firm with approximately $500,000 in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. profits on $2 million in revenues, adding a staff of Oracle consulting, technology, and support professionals. $50 MILLION ZANETT REVENUE RUN-RATE EXPECTED POST ACQUISITION The transaction is expected to increase Zanett's revenue run-rate to over $50 million with more than 210 consulting, technology, sales and support professionals in 8 offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and client relationships with more than 210 Fortune 500 and mid-sized companies, as well as an undisclosed number of highly classified customers in the Department of Defense. The acquisition is expected to be immediately accretive to Zanett's earnings per share in 2007. Complete details will be soon released when filed on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. on EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. . JOINING THE ZANETT SUCCESS STORY - SIGNIFICANT OPPORTUNITIES "The acquisition of DBA Group is meaningful to both Zanett and to DBA Group on several fronts," said Claudio Guazzoni, Zanett's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This transaction increases the breadth and depth of Oracle-based solutions Zanett brings to our clients, and will expand DBA Group's footprint further into the Southeast, some of America's fastest growing states." "Zanett has always been a company that has grown through acquisition as well as organically. We believe there might be significant opportunities on the acquisition front in the coming year," concluded Mr Guazzoni. David Rincon, President of DBA Group, said, "We are thrilled to join Zanett and their vision of delivering world class services to our clients while remaining focused on Oracle technology. Joining Zanett will give us the opportunity to diversify our business into other markets and continue to grow our practice locally. It is a relationship we have been looking forward to establishing." DBA GROUP, LLC HIGHLIGHTS ( www.dbagroup.net ) Zanett deems the acquisition of DBA Group will do the following: * Immediately adds the ability for Zanett's existing businesses to deliver high end Oracle technology consulting services to current and future clients. * Adds top-tier enterprise clients to Zanett's roster. * Adds proven management leadership and a staff of consulting, technology and support professionals. * Expands on Zanett's Southeastern platform, home to some of the US's fastest growing companies. * Presents the potential to utilize Zanett's existing Oracle capabilities and client relationships to provide cross-selling opportunities for DBA Group's solutions. Since its inception in 1996, DBA Group, LLC has provided professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to companies in need of database administration, system administration, and custom software development. The company's team of experienced and certified consultants work with clients to achieve practical, efficient, and effective business solutions based on Oracle technology. The services provided are delivered onsite, remotely, or a combination of both. These key services consist of Senior Database Consulting Services, Remote Database Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , System Administration Services, Customized Software See custom software. Development, Oracle Partner & Authorized Reseller, On-Demand Emergency Administration Services, Oracle Real Application Clusters and Data Guard Implementations, and Database Hosting Services. DBA Group founder, David Rincon, will continue in his key leadership role at DBA Group, driving growth and excellence across other Zanett Commercial Solutions companies, while maintaining DBA Group's outstanding reputation for exceeding client expectations. ABOUT ZANETT ( www.zanett.com ) Zanett is an information technology ("IT") company that provides customized, mission-critical IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security. The Company operates in two segments: Government Solutions and Commercial Solutions. The Government Solutions segment specializes in providing advanced software and satellite engineering services with domain area expertise in the realm of classified geospatial data exploitation and representation as well as IT infrastructure related to Homeland Defense and Homeland Security. The Commercial Solutions segment provides Management Consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services and delivers custom business solutions that integrate and implement Oracle's full suite of product offerings - Oracle, JD Edwards See J.D. Edwards. , PeopleSoft, Seibel, together with associated Oracle Fusion technologies. A wide range of delivery expertise is provided to clients, including Managed Services, Business Intelligence, Web and Portal Development, and Middleware Technologies. Zanett also provides full infrastructure and application hosting, utilizing both local resources and international resources, remote and onsite DBA support, all on a 24x7 basis. Zanett currently employees over 210 people nationwide and is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with offices in Boston, Cincinnati, Detroit, Indianapolis, Jacksonville, Philippines, and Denver. Founded in 2000, Zanett is listed on the NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for under the symbol ZANE. DISCLAIMER AND FORWARD-LOOKING STATEMENTS (PLEASE READ THE FOLLOWING 3 PARAGRAPHS CAREFULLY) Certain statements in this news release regarding projected results of operations or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements" within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors. Circumstances do change, and if and when the landscape changes, Zanett shall endeavor to remain as flexible as possible, and adjust its strategy accordingly. Zanett, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above-mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect Zanett, Inc., see Zanett, Inc.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB, as amended, for the fiscal year ended December 31, 2005 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarters ended September 31, 2006, June 30, 2006, and March 31, 2006. Neither Zanett, Inc. nor Zanett Oracle Solutions is a part of, a division of, nor a subsidiary of, nor in any other manner connected with, Oracle Corporation, and no implication is made what-so-ever to suggest as such. |
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