Message #8 From:
Stock News Bot Date: October 18, 2005 01:30:00 AM
QTEK News Quintek Technologies Inc. Rated 'Outperform,' Target $0.15 by Investrend Research Affiliate Beacon Equity Research
NEW YORK--(BUSINESS WIRE)--Oct. 18, 2005--(Investrend Research Syndicate) Quintek Technologies (OTCBB: QTEK) has been rated "Outperform," with a price target of $0.15 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Shailesh Dhuri, CFA.
In the report, Mr. Dhuri writes, "Quintek Technologies provides business process outsourcing services and information lifecycle management solutions to document intensive industries. Quintek's back office services and solutions improve efficiencies within customer organizations."
He also states:
The company accomplishes this through outsourcing services, consulting services and solution sales. These services and solutions allow companies to secure and manage their key data demands with optimal efficiency and minimal costs. The company's basic services include the scanning, digitizing, indexing and uploading of source documents. Many of its clients are blue-chip firms in the Fortune 500 and Global 2000. Quintek enables these corporations to secure and manage their key data processing demands with optimal efficiency and minimal costs.
We have relied on revenue projections and cost estimates provided by Quintek as well as our own internal projections based on peer analysis for deriving the value of the business.
We have assumed cost of equity, or discounting rate, of 17% in our DCF calculation. This comprises the Company's beta of 1.5, a broad market return of 13% and a risk-free rate of 4.5%. In addition to that, we have assumed a long-term growth rate of 5%.
Using these assumptions, we arrive at a target price of $0.15. This represents a potential appreciation of 114% from the Company's current price of $0.07. This target is contingent on the firm's ability to achieve the projections made in this analysis."
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute's (CFAI) stringent ethics and standards of practice guidelines. Beacon Research does not have any investment banking relationships with any of the companies covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow.
Both Beacon Equity Research and Investrend subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Beacon Research Partners has been compensated $18,000 by Quintek Technologies for a one year enrollment in its research program.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Quintek Technologies research should email contact@investrend.com with "QTEK" in the subject line.
