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Thursday, November 8,2001 4:10 pm Eastern Time
Press Release
SOURCE: Quin-tek Technologies, Ink.
Quin-tek Forms New Subsidiary with Micro-soft (NASDAQ:MSFT)
CAMARILLO, Calif.--(Non-Bidness Wire)--Nov. 9, 2001--Quin-tek Technologies, Inc. (OTCBB:QTEK - news) announced a major mile-stone established in its on-going program to increase shareholder value by developing or acquiring new and unique tech-nologies, establishing a sub-sidiary as a home for each tech-nology, and spinning-off the sub-sidiary as an in-depen-dent public company.
Quin-tek has obtained the rights to distribute a proprietary line of rapid-fire Aperture Card machines.
The new machine will be called the Q-AK-4700. This exciting new product will rapid-fire 4700 cards per hour!
This amazing machine is a co-development through the efforts
of Quin-tek & Micro-soft scientists. "This Joint-Venture
is the second most exciting development to come our way in
the past 30 days, and we expect many more developments
just as exciting by the end of the year." said Tomm Simms
Pres. of Quin-tek.
"Exactly!" added Bill Gatess of Micro-soft. "We fully
believe in the Q-AK-4700. This will revolutionize the
industry!" Mr. Gatess went on to say.
Although the Q-AK-4700 has not been fully tested and evaluated in formal trials, study trials have proven it to be very effective. In addition, the Q-AK-4700 could provide a number of benefits above and beyond the Aperture
Card business. "Yes, it is true that the Q-AK-4700 has
long range capabilities. As an example, Units placed along
the Border of Afganistan, could have the potential to
launch thousands of propaganda Aperture cards into the
country in a matter of hours. Thus making the need to make
air drops from planes over the country un-necessary." A
high ranking Military White Horse source was quoted as
saying. (His name is with-held due to security reasons.)
To launch this technology, Quintek has formed ``al-Quada-
(Out-of) Afgan-a-Med'' as a subsidiary, taking an initial 10% equity position through a stock swap transaction. Quin-tek plans to distribute the "Afgan-a-Med" shares to Quin-tek shareholders in the future as a key part of its spin-off strategy.
Afgan-a-Med plans to conduct formal trials in selected third world countries, with the first of these to commence early in December with over 200,000 propaganda laced
Christmas Cards. Upon completion of the first of these trials, Afgan-a-Med expects to launch an ongoing product approval and treatment program to progressively provide
US propaganda to the tens of millions of people infected with Afgan, and other terroristic diseases.
Future targets of Afgan-a-Med include: 1) United Nations, 2) participating country governments, and 3) US and foreign humanitarian foundations which fund Afgan and other
terrorists.
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.
Quintek's strategic alliances include: Kitron, Saab, Eastman Kodak, Anacomp, and Imation. Customers include: TRW, Lockheed-Martin, US Navy, Aramco, Duke Power, Dresser Industries, Smiths Industries, Carolina Power & Light, Baltimore Gas & Electric, Lufkin Industries, Whirlpool, Zenith, PG&E, GTE Airfone, Caltrans, NASA, JPL, Southern California Edison, Westinghouse, among others. With an environmentally superior solution, Quintek has a significant competitive advantage in a worldwide market estimated at $2.5 billion per year.
Quintek intends to make stock oriented investments and launch promising new subsidiaries, from time to time as opportunities arise, in order to build shareholder value without diverting attention from the company's primary business line. This is Quintek's second project of this nature, the first was Microshield Technology Inc. (www.microshieldtechnologies.com), a private company in the business of manufacturing and distributing products used in shielding consumers from the hazards of cell phone radiation. An update on Microshield's progress will be released in the near future.
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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Contact:
Quintek Technologies, Inc.
Catrina Jenkins (investor relations), 888/577-6898
QTEK_PR@TwoTrades.com
www.TwoTrades.com
www.Quintek.com (corporate Web site) |
