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Cybergy Holdings Releases 2014 Annual ReportCybergy 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:
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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