SOURCE: enherent Corporation

May 23, 2006 14:34 ET

enherent's Growth Plan Announced at Annual Shareholders Meeting

NEW YORK, NY -- (MARKET WIRE) -- May 23, 2006 -- enherent Corp. (OTCBB: ENHT) ( (the "Company") announced it held its Annual Meeting of Stockholders this morning in New York, NY. At the meeting the Chairman and Chief Executive Officer, Pamela Fredette, made the following comments:

"As you know, the merger of enherent Corp. and Dynax Solutions, Inc. was completed on April 1, 2005. The focus during our first year as a combined entity was to integrate the staff and business processes to achieve the revenue and expense synergies identified in the Joint Proxy Statement/Prospectus dated February 7, 2005 that was sent to shareholders. We successfully completed the cost synergies through a reduction in administrative personnel and operating expenses, standardization of compensation plans, implementation of common healthcare and 401 (k) programs, consolidation of payroll, billing, accounts payable, collections and financial reporting to a single platform operating from our corporate office located in New York, New York. We also have begun to successfully execute on our cross-selling strategy in our largest client accounts. Our revenues have been stable during our first year of combined operation and we reached profitability in Q3'2005. In addition, we brought on a new Chief Financial Officer (CFO) to strengthen our management team.

Our focus continues to be shareholder value. Our business plan includes organic growth while continuing to stabilize our revenue base and completing selective acquisitions. We have limited capital to fund our business plan. Therefore, since the start of the year we have been actively exploring sources of additional capital. We have also identified and are in the process of evaluating a number of acquisition prospects. Our goal is to raise capital to fund a first acquisition that will create a platform for organic revenue and earnings growth and future acquisitions.

As we solidify our business plan we will commence a formal communication plan with our shareholders.

Finally, I would like to thank you, our shareholders, for your confidence, support and ownership of enherent Corp. You can be confident that the management team will continue to focus on enhancing your value in the Company."

About enherent

enherent Corp. (OTCBB: ENHT) is an information technology professional services firm providing its clients with (a) consultative and technology staffing resources; and (b) teams of technical consultants trained in the delivery of solutions related to systems integration, network and security, and application services. enherent also provides solutions outsourcing involving software development. enherent customers can be found in many different industry segments, from the Fortune 500 to middle-market enterprises. The company, headquartered in New York City, operates throughout the northeastern United States and has sales locations in Connecticut, New York City, Long Island, N.Y. For more information visit

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on certain assumptions and analyses made by the Company derived from its experience and perceptions. Actual results and developments may vary materially from those described because they are subject to a number of known and unknown risks and uncertainties. Such risks and uncertainties include, but are not limited to, future demand for the Company's services; general economic, market and business conditions; the Company's ability to increase the amount of services rendered to existing clients and develop new clients and reduce costs of providing services; the Company's ability to recruit and retain IT professionals; and various other factors discussed in the Company's filings with the Securities and Exchange Commission including those set forth under Item 1A of the Company's recent Form 10-K. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

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