Huge news on QTEK today.Called at 11/16.Read the PRs
To: Jim Bishop who wrote (53369)
From: Taki
Monday, Jul 3, 2000 9:43 AM ET
Reply # of 54205
Buying QTEK at dirt cheap 11/16.It will go soon.
Best price 11/16 on the chart.
All Headlines
Imation Expands Engineering Document Imaging Capabilities With
Quintek Alliance
OAKDALE, Minn., Jul 11, 2000 (BUSINESS WIRE) --
Imation to sell, install and service Quintek's
Dry Aperture Card Plotter System
Imation Corp. (NYSE: IMN chart, msgs) today announced an alliance with Quintek Technologies, Inc. (OTCBB:
QTEK chart, msgs) which allows Imation to sell, install and service Quintek's 4300 Aperture Card Imaging System under a
worldwide distribution program. The alliance strengthens Imation's portfolio of products and services for large-format
document imaging customers. Imation now has the ability to provide customers in the manufacturing, engineering, utilities,
transportation and design industries with a chemical free and environmentally safe aperture card production system.
"Our agreement with Quintek allows us to offer customers a cost effective and environmentally favorable means for producing
aperture cards directly from CAD and raster image files," said John Foggo, global document imaging manager for Imation
Digital Solutions and Services. "Many customers require master aperture cards for archiving, distributing and referencing
digital information in `eye-readable' format. The Quintek equipment aligns with our other product offerings, furthering
Imation's objective to provide large-format customers with a single source and complete solution for managing and storing
critical information."
Imation leverages thirty years of film-based image expertise, key alliances and global market leadership in the sale of analog
document imaging equipment to provide incremental and full-scale solutions to help customers adopt digital technologies at
their own speed without slowing productivity and disrupting workflows.
"Imation's market leadership, global distribution network, and top notch customer service capability will dramatically enhance
Quintek's market presence and provide customers with worldwide access to a valuable technology," stated Tom Sims,
Quintek's President & CEO.
About Quintek
Quintek supplies chemical-free equipment, software, media, and services used to preserve digital data and insure against
information loss due to catastrophic events, computer virus, technology obsolescence, equipment failure, media degradation,
change in formatting standards, and software incompatibility. The use of the Quintek 4300 Aperture Card Imaging System
affords Quintek's clients significant relief from stringent and costly government environmental compliance, while providing an
exceptionally high quality, cost efficient, and long-term data storage technology. The Quintek technology is used by a wide
variety of public and private industries, such as Utilities, Aerospace, Petro-Chemical, Transportation, Construction, Defense,
and Manufacturing. Clients include; TRW, Caltrans, US Navy, Lockheed-Martin, Dresser Industries, Zenith, NASA,
Aramco, Smith Industries, Baltimore Gas & Electric, Duke Energy, Whirlpool, Lufkin Industries, GTE Airfone, Boeing,
among others.
About Imation
A global technology company, Imation Corp. supplies a variety of products and services worldwide, specializing in data
storage and information management, color management, and imaging solutions. In 1999, Imation reported revenues of $1.4
billion from continuing operations. As of December 31, 1999, the Company employed approximately 4,850 people
worldwide.
Additional information about Imation is available on the Company's Website at imation.com or by calling toll-free
at 1-888-466-3456. To receive recent earnings, news releases, corporate information, and related shareholders services, call
Imation's toll-free shareholder information line at 1-888-IMN-NYSE (1-888-466-6973).
Contact:
Imation Corp., Oakdale
Jeanne Luxem
651/704-3785
jaluxem@imation.com
or
Fleishman-Hillard for Imation Corp.
Jeff Hanson
612/573-3117
hansonj@fleishman.com |
