SilverSun Technologies Signs Letter of Intent to Acquire HighTower

LIVINGSTON, NJ--(Marketwire - Mar 26, 2012) - SilverSun Technologies, Inc. (OTCBB: SSNT) (OTCQB: SSNT) announced today that its wholly owned subsidiary, SWK Technologies, the premier total solutions provider specializing in business software solutions, has signed a letter of intent to acquire the assets of HighTower, Inc., a leading Chicago-based reseller of Sage Software products.

Founded in 1987, HighTower has installed systems at prominent companies throughout the Chicago region. The deal is expected to add more than $3,000,000 in annualized revenue and will be immediately accretive to SilverSun's earnings. It is anticipated that the transaction, which is subject to the signing of definitive agreements and customary closing conditions, will close within the next 30 days. The terms of the transaction were not disclosed.

Mark Meller, CEO of SilverSun, stated, "HighTower has a tremendous reputation spanning several decades as a valued Sage business partner and developer. The company has a solid revenue stream, widely used enhancements, and an established customer base."

"This transaction gives us critical mass, positioning us as one of the largest resellers of Sage Software in the United States," added Meller. "With our management talent, in-house expertise, and financial resources, we are confident that the combined companies will be able to accelerate sales and earnings growth. The acquisition, which will be funded by SilverSun's existing financing facilities on a non-dilutive basis to existing shareholders, is the second we have announced in 2012. We continue to execute our business plan to increase value for our shareholders by increasing sales and acquiring companies on an opportunistic basis."

Jeffrey D. Roth, CEO of SWK Technologies, commented, "This transaction makes SWK Technologies a dynamic force with significant market presence in the Midwest. HighTower has a catalog of proprietary enhancements, including TimeKeeper, Point of Sale Professional, Multi-Bin Advanced Distribution and others, which will significantly increase SWK's catalog of proprietary software and intellectual property. Our shared commitment to putting clients first ensures HighTower's client base will continue to receive superior service, and we are very excited about the future."

About HighTower, Inc.

HighTower is a Sage Select Mid-Market Partner and dedicated reseller of Sage Software products. Beyond the intensive systems review and custom installation offered upon every sale, the company has earned its reputation as a high-tech industry leader through the enhancements developed for Sage MAS 90 software. Since 1987, HighTower has been a technology industry leader that has supplied integrated technology systems and enterprise-wide solutions for businesses across the country.

For additional information, visit HighTower's corporate website: www.hightowerinc.com

About SilverSun Technologies, Inc.

SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in the extensive and expanding, but highly fragmented, business solutions marketplace, 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. Through its subsidiaries, the Company offers an array of accounting and business management products, including its own proprietary software, as well as a wide range of value-added services.

For additional information, visit SilverSun's corporate website: www.silversuntech.com

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SilverSun Technologies, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.