Message #9 From:
Stock News Bot Date: December 16, 2005 02:28:00 AM
QTEK News Quintek Technologies Research Note Issued by Investrend Research Affiliate Beacon Equity Research Regarding New Business Agreement and Strong Revenue Growth
NEW YORK--(BUSINESS WIRE)--Dec. 16, 2005--(Investrend Research Syndicate) A new research note on Quintek Technologies (OTCBB: QTEK) has been issued by Beacon Equity Research Senior Analyst, Shailesh Dhuri.
In the report, Mr. Dhuri writes, "For the quarter ended September 30, 2005, Quintek reported revenues of $693,000. This represents an increase of 507%, as compared to $114,000 for the three months ended September 30, 2004. The increase was mainly driven by the Company's increased focus on its services business.
The Company recently announced that it has signed an agreement to roll out services nationwide, expanding an existing relationship with FedEx Kinko's, a $30 billion partner company, which has offices in over 220 countries. The agreement calls for Quintek to offer business solutions as a sub contractor."
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 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.
