Quintek Signs Distribution Agreement With PKH
CAMARILLO, Calif., Jan 8, 2002 (BUSINESS WIRE) -- Quintek Technologies, Inc. (OTCBB:QTEK) today announced it has entered into an exclusive distribution agreement with Penny King Holdings Corporation (PKH). Under the new agreement, PKH will distribute, market and sell, Quintek's Q4300 Aperture Card Imaging equipment and related products/services in Hungary, Austria, Slovakia, Ukraine, Romania, Yugoslavia, Croatia, and Slovenia.
"We are pleased that PKH has chosen to distribute Quintek's products in the Central European nations," said Tom Sims, President & CEO of Quintek. "I believe there is a significant need for the company's Q4300 system in this area, in particular for supporting the manufacturing, utility, and construction industries."
The new agreement allows PKH to make bulk purchases of equipment and media directly from Quintek. In addition, PKH plans to provide long term contracts to Quintek for training, additional services and maintenance support for various government and NGO related projects pending in Central Europe.
"We're creating a win-win for all parties by combining a network of distributors in the Central European region with the unique technology offered by Quintek," stated Gabor Sandor Acs, President of PKH. "It is our foremost mission to aggressively market this product line as a highly efficient means of creating permanent records for long term data storage. Having an environmentally safe, secure and long lasting means of preserving historical data, knowledge and technology for the future is a high priority amongst our most valued clients in Central Europe."
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, and technology obsolescence. The use of the Q4300 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 method. 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, Baltimore Gas & Electric, Whirlpool, Lufkin Industries, GTE Airfone, and Boeing, among others.
About Penny King Holdings Corporation
Penny King Holdings Corporation (PKH) is a private Delaware Investment Holding Company owned and controlled by Hungarian born financier Gabor Sandor Acs who has 21 years experience in the finance, real estate, venture capital, and world financial markets.
PKH has exclusive Western Hemisphere distribution rights to a whole new series of technologies under agreements with The Free and Clear Foundations of America, Inc. a Washington DC-based non-profit organization.
PKH is continuing its process of facilitating over $200 million in capital investments to 50 different publicly and privately owned companies in the United States, Canada and Hungary and most recently announced it had acquired approximately 2.3 million shares of Quintek stock in a private transaction and signed a letter of intent to acquire 3 million shares of eKnowledge.com, Inc., (OTCBB:EKNO) in a private transaction.
More information on PKH may be found by visiting www.thepennyking.com and biz.yahoo.com
CONTACT: Quintek Technologies, Inc. Chip Parrish, 888/577-6898 (Investors) |
