Quintek Technologies, QTEK data archival etc.. Message Board

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

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To: The Steve who wrote (232)	4/13/2000 10:13:00 AM
From: Probart	Read Replies (2) of 406

Just to refresh on the news you are speaking about. biz.yahoo.com Quintek Acquires Equity in Microshield CAMARILLO, Calif., April 11 /PRNewswire/ -- Quintek Technologies, Inc. (OTC Bulletin Board: QTEK - news) today announced its participation in the joint venture formation of Microshield Technologies, Inc (Microshield), with corporate headquarters based in Atascadero, California. Quintek has taken an initial 5% equity position and plans to make additional investments in Microshield as future opportunities become available. Microshield was established for the purpose of developing, manufacturing, and distributing products for protecting consumers from microwave radiation emitted from cell phones. Studies show that frequent users of cell phones may be at risk of developing brain cancer from the radiation emitted from the cell phone antenna. Industry and consumers are becoming aware of the risk, but little has been done to resolve the problem. Microshield believes there are no shielding products available on the market today that provide effective protection from cell phone radiation. Headsets allow the cell phone to be moved to a different part of the body, however, the headset wire can act like an antenna and actually increase the amount of radiation disbursed. Microshield has developed a patented shielding product which has been tested and proven to shield over 85 % of cell phone radiation. The company expects to be in production by mid summer, with product available for distribution in September 2000. Microshield estimates there are currently over 600 million cell phone users worldwide, growing at a rate of 3 million users per week. The company hopes to penetrate 8 % of this market over the next 5 years at a retail price ranging from $30-$40 per shield. 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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