Message #18 From:
Stock News Bot Date: January 11, 2007 04:00:00 AM
QTEK News Quintek Announces Go-Live at Customer Site; New Contract Expected to Generate $550,000 in Additional Revenues Over the Next Two Years
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Quintek Technologies, Inc. (OTCBB:QTEK),
a global provider of Business Process Outsourcing (BPO) and
best-of-breed technology consulting services, announced today that it
has begun work for a new customer. The contract that was previously
announced late last year is a two-year commitment and is estimated to
result in $550,000 in new revenues for the Company.
Quintek is providing high-speed scanning and data capture work for the
customer, a southern California-based company with 25 years experience
in the direct marketing industry. Quintek designed and has implemented a
custom services solution for this customer. Work will be performed at
three locations: on the customer's site, from Quintek's Huntington Beach
facility and offshore. The customer will benefit from improved
efficiencies resulting in a lower variable cost structure and a shorter
turn around time for order processing.
Robert Steele, Quintek CEO, commented, "Quintek has closed a significant
amount of new business in the past few months and this contract
represents the first of many to be announced.”
He added, “Customized service based solutions
like this help our customers achieve greater efficiencies and focus on
their core business.” Mr. Steele continued, “Quintek
is focused on growing the company and delivering measurable results for
our customers.” He ended, “We
are highly confident that the quarter we have just begun could be one of
our best quarters yet. Furthermore, we feel that our growth from here
will be sustainable based on the solid pipeline of new business
prospects we have built.”
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTCBB:QTEK.OB),
through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and
Sapphire Consulting Services, Inc., provides services to enable Fortune
500 and Global 2000 corporations to reduce costs and maximize revenues.
QSI delivers Business Process Outsourcing (BPO) services and solutions
that enable companies to secure and manage their key data processing
demands with optimal efficiency and minimal costs. As a next-generation
technology company, Quintek is unhindered by outdated information
technology systems, and thus is able to deploy best-of-breed solutions
in all aspects of BPO. Forester Research, Inc. estimates that the market
for BPO services will grow from $19 billion in 2004 to $146 billion in
2008. Business Insights estimated the BPO market as the fastest growing
area of the IT services sector. Growing at 8% annually it is expected to
grow from $112.1 billion is 2005 to $144 billion in 2008.
Sapphire Consulting Services, Inc. offers a broad range of supply chain
management consulting services. Sapphire assists organizations to create
a higher level of customer satisfaction, enhance supply chain capability
and achieve consistent competitive advantage through reduced product
cost, reduced inventory investment and improved supply chain security. A
study by IDC found the SCM services market will expand from $26.1
billion in 2002 to $40.5 billion in 2007, representing a five-year
compound annual growth rate (CAGR) of 9.2%.
This press release contains forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), including statements regarding potential
sales, the success of the company's business, as well as statements that
include the word "believe" or similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements
of Quintek to differ materially from those implied or expressed by such
forward-looking statements. Such factors include, among others, the risk
factors included in Quintek's Annual Report on Form 10-KSB for the
fiscal year ended June 30, 2006 and any subsequent reports filed with
the SEC under the Exchange Act. This press release speaks as of the date
first set forth above and Quintek assumes no responsibility to update
the information included herein for events occurring after the date
hereof. Actual results could differ materially from those anticipated
due to factors such as the lack of capital, inability to timely develop
of products or services, inability to deliver products or services when
ordered, inability of potential customers to pay for ordered products or
services, and political and economic risks inherent in domestic and
international trade.