Good new CEO QTEK.Great background.Robert Steele stated, "I'm very excited about the opportunity to
leverage my 10 years of experience with solution sales and the
relationships which I have developed to take full advantage of the
pre-existing and established market for Quintek's proprietary
products." Mr. Steele added, "We estimate that there are well over
5,000 potential sites for Quintek's chemical-free desktop aperture
card printer and feel that many of these sites are using outdated
inefficient technology. Upgrading these sites with our products
represents roughly $250,000,000 in potential sales. Our primary
mission for the future is to expand and capture a large percentage of
this market."
(BSNS WIRE) Quintek Technologies, Inc. Appoints New Management
Quintek Technologies, Inc. Appoints New Management
Business Editors & High-Tech Writers
CAMARILLO, Calif.--(BUSINESS WIRE)--Feb. 4, 2003--Quintek
Technologies, Inc. (OTCBB:QTEK) announced that in a series of actions
taken by unanimous consent, the company's Board of Directors accepted
the resignation of Tom Sims as CEO, President and a director
(Chairman), and the appointment of Robert Steele as the new Chairman
of the Board of Directors and CEO of Quintek. Subsequently, all of the
remaining directors, except Mr. Steele, also resigned from the Board
of Directors and will remain on as employees.
Mr. Steele was formerly CEO and co-founder of iBrite, Inc., a
developmental stage software company creating solutions for the Palm
OS. Prior to iBrite, Mr. Steele co-founded and helped build CADD
Microsystems, Inc. (CMI) into one of the largest resellers of AutoCAD
software, training and consulting in the United States. CMI is also
the number one reseller of AutoCAD software to the U.S. Government.
Quintek's Board and Mr. Steele feel that the fundraising and deal
making acumen evidenced by Mr. Steele's accomplishments at iBrite,
coupled with the 9 years of experience and relationships he gained
while at CMI, will prove to be of significant benefit to Quintek and
its shareholders.
Tom Sims, outgoing Chairman, President and CEO, gave his undivided
support for Mr. Steele, and went on to say, "I am very pleased that we
were able to attract someone as talented as Robert Steele to take
Quintek to the next level. Proof of his ability to grow a new
technology is clearly seen in his raising two rounds of seven figure
funding for iBrite, while also signing deals with companies like AOL
(NYSE:AOL) and Global Knowledge." Mr. Sims added, "We also saw in
Robert the experience needed to build a lasting concern in a
competitive environment through his achievements at CMI. Throughout
his career Robert has gained valuable experience with end users and
their needs. His unique knowledge of resellers and their motivations
should prove beneficial to expanding our distribution network,
solidifying customer relationships and establishing new ones."
Robert Steele stated, "I'm very excited about the opportunity to
leverage my 10 years of experience with solution sales and the
relationships which I have developed to take full advantage of the
pre-existing and established market for Quintek's proprietary
products." Mr. Steele added, "We estimate that there are well over
5,000 potential sites for Quintek's chemical-free desktop aperture
card printer and feel that many of these sites are using outdated
inefficient technology. Upgrading these sites with our products
represents roughly $250,000,000 in potential sales. Our primary
mission for the future is to expand and capture a large percentage of
this market."
About Quintek
Quintek is the only manufacturer of a desktop solution for
printing CAD files to microfilm. The company supplies chemical-free
equipment, software media and services used to preserve digital data
and insure against information loss due to catastrophic events,
computer failure and technology obsolescence.
This news release contains forward-looking statements, including
but not limited to those that refer to the company's plans for future
development or operating results. Actual results could differ
materially from those anticipated due to factors such as the lack of
timely development of products, inability to deliver products when
ordered, inability of potential customers to pay for ordered products,
and political and economic risks inherent in international trade.
Corporate Web Site: www.Quintek.com
IR Web Site: www.TwoTrades.com
IR Contact: QTEK_PR@TwoTrades.com / 888/577-6898
--30--AMP/la*
CONTACT: Quintek
Andrew Haag, 805/383-3914 x14
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE SOFTWARE
MANAGEMENT CHANGES
SOURCE: Quintek
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