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Technology Stocks : Quintek Technologies, QTEK data archival etc..

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To: KZAP who wrote (102)10/19/1999 8:32:00 AM
From: Don P.  Read Replies (1) of 406
 
Here's a little news to start your day with.October 19, 1999 08:07 AM
CAMARILLO, Calif., Oct. 19 /PRNewswire/ -- Quintek Technologies, Inc. QTEK today announced receipt of a film based conversion contract from Baltimore Gas & Electric (BGE), a leading utility provider in central Maryland. The contract calls for conversion of 30,000 digital files into aperture card media in order to assure the long-term survival of crucial engineering information. The conversion effort is expected to start in early November and finish by year end.
BGE is the nation's first gas utility and one of the earliest electric utilities, with a tradition of superior, low-cost service, and reliability. With assets of over $7 billion and nearly 6500 employees, BGE has been meeting the energy needs of Baltimore and surrounding counties for over 180 years.

Quintek supplies chemical-free equipment, software, media, and services for converting digital information into archival media for off-site backup and long-term storage. Off-site backup insures against the loss of digital information due to catastrophic events. Long-term storage media insures against the loss of digital information due to computer virus, technology obsolescence, year 2000 rollover, equipment failure, media degradation, change in formatting standards, and software incompatibility.

Quintek is headquartered in Camarillo, California, with Sales and Marketing based in Washington DC, manufacturing in Karlskoga Sweden, and Engineering/Customer Support in Montpelier, Idaho. Existing customers include TRW, Caltrans, US Navy, Lockheed-Martin, Dresser Industries, Saudi Aramco Oil Company, Duke Power among others.

This document contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors will be included on future 10-Q and 10-K reports.

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