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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 As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO.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%.

For more information, visit http://www.quintek.com.

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.

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