QTEK bid .031.News two days ago.Maybe soon bammm(COMTEX)B: Quintek Technologies, Inc. Adds New Member to Strategic Adviso
B: Quintek Technologies, Inc. Adds New Member to Strategic Advisory Board
CAMARILLO, Calif., Apr 30, 2003 (PRIMEZONE via COMTEX) -- Quintek Technologies,
Inc. (OTCBB:QTEK) is pleased to announce that it has added Jeff Gravatte to its
newly established Strategic Advisory Board.
Gravatte is currently the President and CEO of CADD Microsystems, Inc. (CMI).
CMI, based in Alexandria, VA, is the largest reseller of AutoCAD software on the
East Coast and the largest supplier of CAD training services and sales to the
U.S. government. Gravatte's chief responsibility at CMI is to develop and
nurture primary corporate relationships with leading technology innovators like
Microsoft (Nasdaq:MSFT), AutoDesk (Nasdaq:ADSK) and Hewlett Packard (NYSE:HPQ).
Gravatte, along with Robert Steele, the newly appointed Chairman and CEO of
Quintek, co-founded CMI over 15 years ago. Gravatte has been instrumental in
keeping CMI at the forefront of its industry and fostering the corporate
relationships necessary to maintain its leadership role.
Steele commented, "I am honored that Jeff has accepted the opportunity to advise
us in our efforts. CAD has become the standard method for drafting and Quintek
offers the only chemical-free desktop solution for printing computer files
directly to the widely accepted microfilm format of aperture cards." Steele
further commented, "The knowledge and relationships Jeff has developed over the
past 15 years at CMI could prove to be of great value to Quintek."
About the Strategic Advisory Board
Quintek's Strategic Advisory Board consists of individuals who are either active
in their industry, influential members of the business community and/or
professionals that possess specific knowledge or resources that could benefit
the Company. Individuals from the Strategic Advisory Board may be invited to
become members of Quintek's Board of Directors.
For information on the other members of the Strategic Advisory Board, please see
the press release dated April 11, 2003 or visit the Company's website at
www.quintek.com.
About Quintek
Quintek is the only manufacturer of a desktop microfilm printer. The company
currently sells hardware, software and services for printing large format
drawings such as blueprints and CAD files (Computer Aided Design) directly to
microfilm. Quintek does business in the content and document management services
market, forecast by IDC Research to grow to $2.4 billion by 2006 at a combined
annual growth rate of 44%. Quintek targets the aerospace, defense and AEC
(Architecture, Engineering and Construction) industries.
Quintek's printers are patented, modern, chemical-free, desktop-sized units with
an average sale price of over $50,000. Competitive products for direct output of
computer files to microfilm are more expensive, large, specialized devices that
require constant replenishment and disposal of hazardous chemicals.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of
1995
This press release contains forward-looking information within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), including statements regarding potential sales, the success of the
company's business, as well as statements that include the word "believe" or
similar expressions. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance or achievements of Quintek to differ materially from those implied
or expressed by such forward-looking statements. Such factors include, among
others, the risk factors included in Quintek's Annual Report on Form 10-KSB for
the fiscal year ended June 30, 2002 and any subsequent reports filed with the
SEC under the Exchange Act. This press release speaks as of the date first set
forth above and Quintek assumes no responsibility to update the information
included herein for events occurring after the date hereof. Actual results could
differ materially from those anticipated due to factors such as the lack of
capital, 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.
By Staff
CONTACT: Quintek
Andrew Haag, Chief Financial Officer
(805) 383-3914, ext. 14
ahaag@quintek.com
Investor Relations:
Cinapsys, Inc.
Todd Gilligan, Director
866-EASY-IRM
Direct (714) 542-2785
todd@wallstreetaudio.com
TwoTrades.com
(888) 577-6898
qtek_pr@twotrades.com
(C) 2003 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: MANUFACTURING
MANAGEMENT CHANG
Directors and Officers
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