NASDAQ clarifies - QTEK will NOT have "E" added
From La Guardia GFS, twotrades.com :
Tom Sims, president and CEO of Quintek Technologies, Inc. (OTC BB: QTEK), clarified today that NASDAQ Listing Qualifications has confirmed that QTEK will be removed from the OTC BB Daily List later today. NASDAQ Listing Qualifications apologized to Mr. Sims for not fully reading all the 8K filings made by QTEK. QTEK has a fiscal year ending June 30th, meaning they must file a 10K statement with the SEC with 90 days (Sept. 30) - SEE PR BELOW!! NASDAQ Listing Qualifications was showing QTEK’s fiscal year as ending Dec 31, which means that QTEK would be required to file a quarterly 10Q no later than July 31. NASDAQ Listing Qualifications did not see a 10Q filing, and was preparing to add an “E” to the symbol tomorrow, Aug. 25. This error was due to QTEK’s acquisition of Juniper Acquisition Corporation earlier this year. Juniper had a fiscal year ending Dec 31. QTEK elected to keep its fiscal year end at June 30, and clearly stated this in numerous filings with the SEC. QTEK will complete an informational 8K filing later this week to further clarify to all market makers, shareholders and potential investors that it is current with the SEC, and will NOT have an “E” added to its ticker symbol.
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Sincerely,
La Guardia GFS
Business Development & Investor Relations
Thursday August 17, 8:02 am Eastern Time
Press Release
SOURCE: Quintek Technologies, Inc.
Quintek to Submit 10K Filing
CAMARILLO, Calif., Aug. 17 /PRNewswire/ -- Quintek Technologies, Inc. (OTC Bulletin Board: QTEK - news), announced today that it plans to submit its first 10K filing to the SEC prior to the deadline of September 30, 2000. The 10K filing will reflect financial results for fiscal year ending June 30, 2000 and provide full disclosure in accordance with SEC regulations. Management plans to keep all SEC filings current to insure that Quintek will continuously maintain its current status as a fully reporting company.
A previous 10K filing for Juniper Corporation (a small company acquired by Quintek in the recent past) has caused some confusion with regard to Quintek's fiscal year. Quintek plans to submit an informational filing to clarify that Quintek has always had a fiscal year ending June 30 and plans to maintain that same fiscal year in the future.
``The 10K filing represents a major milestone for Quintek as we enter the first quarter of fiscal year 2001,'' indicated Tom Sims, President & CEO. ``In addition, we expect an especially strong demand for the Q4300 productline during the next six months based on the budgetary requirements of many clients to close new business prior to October 31 and December 31 year ends.''
Quintek customers include: TRW, Lockheed-Martin, Boeing, US Navy, Aramco, Duke Power, Dresser Industries, Smiths Industries, Baltimore Gas & Electric, Carolina Power & Light, Lufkin Industries, Whirlpool, Zenith, PG&E, GTE Airfone, Caltrans, and NASA, among others. With an environmentally superior solution, Quintek has a significant competitive advantage in a worldwide market estimated at $2.5 billion per year.
About Quintek:
Founded in 1991, Quintek is dedicated to providing a safe, one-of-a-kind, environmentally clean, and cost efficient technology for storing corporate knowledge. Offices and support staff, throughout the United States and in Europe, provide unmatched technical, sales, and site support to clients and partners. Quintek has become recognized as a leader in the Electronic Information and Management (EIM) product and services marketplace. Holding numerous US patents, Quintek is the supplier of the Q4300 productline, the only chemical free aperture card production system in the world. The Q4300 system is used by a wide variety of public and private industries, such as Utilities, Design Firms, Aerospace, Petro-Chemical, Transportation and Manufacturing, for the electronic capture and film based storage of digital information. The use of the Q4300 affords Quintek's clients significant relief from stringent and costly government environmental compliance, while providing an exceptionally high quality and cost efficient data storage technology. Please visit the Company's web site at: www.Quintek.com.
· CONTACT INFORMATION:
· Corporate Web Site: www.Quintek.com
· Investor Relations: (877) 890-1398
· Public Relations: QTEK_PR@TwoTrades.com
www.TwoTrades.com
Included in this release are ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution, competition trends, and other market factors.
SOURCE: Quintek Technologies, Inc. |
