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Cybergy Holdings Releases 2014 Annual Report
[April 15, 2015]

Cybergy Holdings Releases 2014 Annual Report


Cybergy Holdings, Inc. (OTCQB: CYBG), today released its 2014 Annual Report which includes the Securities and Exchange Commission (SEC (News - Alert)) 10K annual filing along with a letter to shareholders from Mark Gray, Chairman and CEO.

The report shows the company had 2014 audited revenue of $32 million thanks in part to a flurry of new federal and state contract wins over the past two years. Many of these contracts are in clean energy and/or smart grid applications involving member company New West Technologies. Chief among these wins is the $85 million re-compete of the three-year Department of Energy Mission Oriented Technical Support (MOTS) services contract with Allegheny Science & Technology as a teammate.

The report notes four key transactions completed in 2014: (1) the acquisition of New West Technologies on January 1, 2014; (2) the acquisition of 100% of BiON Enterprises (now Cybergy Labs) on January 1, 2014; (3) the completion of a $2.5 million convertible debenture round in September and October 2014; and (4) the acquisition of Mount Knowledge Holdings (OTCQB: MKHD) which had the net effect of Cybergy becoming a publicly traded company.

Other highlights from the annual report:

  • 140% increase in the dollar value of contract wins between 2014 and 2013 and a nearly 300% increase in average contract size over the same period. There were 15 contract wins worth $23.2 million in 2014 versus 24 contract wins worth $9.7 million in 2013.
  • Ongoing success with the Cybergy Labs SmartFile cybersecurity platform that should lead to the release of the first commercial version of the software in 2015.
  • Growth in Primetrix, the contracting, compliance, and business growth services division that leads Cybergy's bid and proposal process. Primetrix drafted over $250 million in winning proposals in a seven year period and boasted win-rates of 44% and 54% in 2013 and 2014, respectively.



In the Annual Report, Mr. Gray explains the major changes undertaken in the past year and why he is so optimistic on the company's future: "We believe there will continue to be major ongoing needs in both the public and private sectors for clean energy, smart grid security and resiliency, cybersecurity, and the associated technical and advisory services. These are already enormous markets, but their rapid growth is projected in the coming years. We believe we can significantly boost our market share because of our value proposition for these sectors. With customers focused on costs, a real opportunity exists for smaller, price-competitive providers such as Cybergy. Our strategy for future growth is to focus on our existing and potential new customers and our people."

An electronic copy of the Annual Report is available online at http://ir.cybergypartners.com/annual-reports.


About Cybergy Holdings, Inc.

Cybergy Holdings, Inc., is a national leader in cybersecurity, smart grid technologies, renewable energy, and mission-oriented government services. Headquartered in Englewood, Colorado, Cybergy Holdings' team of approximately 100 employees delivers innovative technical and management services through its 3 divisions: Cybergy Labs, an award-winning developer of specialized cybersecurity software applications, including SmartFile; New West Technologies, which was founded in 1996 and provides clean, smart, and reliable energy solutions and is a 5 time winner of the Inc. 500/5000 fastest growing private companies in America; and Primetrix, which serves U.S. Federal Government contractor firms with contract procurement, compliance, and growth services.

For more information, please visit www.cybergypartners.com.


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