Edgewater Establishes $10 Million Credit Facility to Fund Strategic Growth Opportunities

Edgewater Establishes $10 Million Credit Facility to Fund Strategic Growth
Opportunities

WAKEFIELD, Mass., Sept. 25, 2013 (GLOBE NEWSWIRE) -- Edgewater Technology,
Inc. (Nasdaq:EDGW) (Edgewater), a leading consulting firm that brings a blend
of classic and product-based consulting services to its clients, has
established a new $10 million three-year credit facility with RBS Citizens,
N.A.

The credit facility includes an additional accordion feature that allows
Edgewater to request an additional $5 million as needed, extending the total
credit facility borrowing capacity to $15 million over its initial three-year
term. The credit facility will be used for working capital, including funding
growth initiatives, stock repurchases and acquisitions. It is secured by the
personal property of Edgewater and Edgewater's domestic subsidiaries, and is
subject to normal convenants.

"This new credit facility, in combination with Edgewater's demonstrated
ability to generate free cash flow from operations, will provide us the
financial flexibility to pursue strategic growth opportunities," commented
Shirley Singleton, Edgewater's Chairman, President and CEO. "Our team would
like to thank RBS Citizens for their partnership in establishing this
facility, which represents a non-dilutive source of capital that serves to
enhance the strength of our balance sheet."

About Edgewater

Edgewater Technology, Inc. (Nasdaq:EDGW) is a strategic consulting firm
delivering a blend of classic and product-based consulting services. Edgewater
addresses the market both vertically by industry and horizontally by product
and technology specialty, providing its client base with a wide range of
business and technology solutions. As one of the largest IT consulting firms
based in New England, the company works with clients to reduce costs, improve
processes and increase revenue through the judicious use of technology.
Edgewater's brand names include Edgewater Technology, Edgewater Ranzal and
Edgewater Fullscope. To learn more, please visit www.edgewater.com.

Forward-Looking Statements

This Press Release contains certain 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, including statements
concerning our expected uses of our new credit facility. These forward-looking
statements inherently involve certain risks and uncertainties, although they
are based on our current plans or assessments which are believed to be
reasonable as of the date of this Press Release. Factors that may cause actual
results, goals, targets or objectives to differ materially from those
contemplated, projected, forecasted, estimated, anticipated, planned or
budgeted in such forward-looking statements include, among others, the
following possibilities: (1) failure to obtain new customers or retain
significant existing customers; (2) the loss of one or more key executives
and/or employees; (3) changes in industry trends, such as a decline in the
demand for Enterprise Resource Planning and Enterprise Performance Management
solutions, custom development and system integration services and/or declines
in industry-wide information technology spending, whether on a temporary or
permanent basis and/or delays by customers in initiating new projects or
existing project milestones; (4)inability to execute upon growth objectives,
including new services and growth in entities acquired by our Company;
(5)adverse developments and volatility involving geopolitical or technology
market conditions; (6)unanticipated events or the occurrence of fluctuations
or variability in the matters identified under "Critical Accounting Policies"
in our 2012 Annual Report on Form 10-K; (7)delays in, or the failure of, our
sales pipeline being converted to billable work and recorded as revenue; (8)
termination by clients of their contracts with us or inability or
unwillingness of clients to pay for our services, which may impact our
accounting assumptions; (9)inability to recruit and retain professionals with
the high level of information technology skills and experience needed to
provide our services; (10)failure to expand outsourcing services to generate
additional revenue; (11)any changes in ownership of the Company or otherwise
that would result in a limitation of the net operating loss carry forward
under applicable tax laws; (12)the failure of the marketplace to embrace
advisory and product-based consulting services; (13) changes in our
utilization levels;and/or (14) failure to make a successful claim against the
Fullscope escrow account.In evaluating these statements, you should
specifically consider various factors described above as well as the risks
outlined under "Part I - Item IA Risk Factors" in our 2012 Annual Report on
Form 10-K filed with the SEC on March 8, 2013. These factors may cause our
actual results to differ materially from those contemplated, projected,
anticipated, planned or budgeted in any such forward-looking statements.

Although we believe that the expectations in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of activity,
performance, growth, earnings per share or achievements. However, neither we
nor any other person assumes responsibility for the accuracy and completeness
of such statements. Except as required by law, we undertake no obligation to
update any of the forward-looking statements after the date of this Press
Release to conform such statements to actual results.

CONTACT: Company Contact:
         Timothy R. Oakes
         Chief Financial Officer
         (781) 246-3343
        
         Investor Relations:
         Liolios Group, Inc.
         Cody Slach or Greg Falesnik
         (949) 574-3860
         EDGW@liolios.com

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