Scottsdale, Arizona (PRWEB) April 24, 2012
QualityStocks would like to highlight SilverSun Technologies (OTCQB: SSNT), 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.
In the company’s news yesterday,
Chairman, President, and CEO of SilverSun Technologies, Mark Meller, issued a formal corporate update to shareholders. The shareholder letter can be found on the company’s Web site at http://www.silversuntech.co/Message_from_CEO.html.
In the letter, Meller compared 2011’s financial and operational performance with the prior year, provided insight into SilverSun’s new business development and growth initiatives, and defined the company’s primary goals and objectives for 2012 and beyond. Management aims to grow annual revenues five-fold from their current level of approximately $10.5 million to more than $50 million in the next 36 months.
SilverSun has already proven their ability to quickly boost their sales, achieving record annual revenues last year with 40% year-over-year growth. The company also generated a significant operating profit of $260,000, as well as eliminated all of its debt (excluding ordinary items like accounts payable, etc.) and a toxic convertible debenture. Other notable achievements are outlined in the shareholder letter.
Headquartered in Livingston, New Jersey, SilverSun Technologies is focused on acquiring and expanding technology and software companies engaged in providing best-of-breed management applications and professional consulting services to small and medium size businesses (SMBs). SilverSun’s principal operating subsidiary, SWK Technologies, employs a national direct sales and consulting team currently serving a growing customer base spanning 38 U.S. states and Canada.
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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.