Quintek Updates:
24-Jan-2005 Entry Material Agreement Item 1.01 Entry into a Material Definitive Agreement
(a) On January 20,2005 Quintek Services, Inc. (QSI), a wholly-owned subsidiary of Quintek Technologies, Inc. (Quintek), entered into a Master Services Agreement (MSA) with FedEx-Kinko's Office and Print Services, Inc., a $28 billion global provider of transportation, e-commerce and supply chain management services, under which QSI shall provide FedEx-Kinko's client, a large biotechnology company, with document scanning services, in scope and amount estimated to be $500,000 with an annual minimum of $184,000. The term of the MSA will be continuous as long as the term of agreement between FedEx-Kinko's and the end user of QSI's services, the large biotechnology company. FedEx Kinko's may terminate the MSA within sixty days written notice.
Quintek Sees Strong Growth in 2005
Tuesday January 11, 7:00 am ET
HUNTINGTON BEACH, Calif., Jan. 11, 2005 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that the company should exhibit strong growth in fiscal year 2005 and throughout the calendar year. The company's fiscal year ends on June 30 and the anticipated growth should be evidenced in the company's quarterly filings. For fiscal year end 2005, the company is currently projecting an increase of 229% over fiscal 2004.
The increase in business activity is being generated by Quintek's QSI division. Last Spring, Quintek shifted its focus to BPO services, a multi-billion dollar industry that involves corporate tasks ranging from mailroom management to document scanning. BPO services allow corporations to save billions of dollars a year by outsourcing non-critical business processes. QSI plans to become an industry leader.
The team Quintek has brought on to grow QSI has decades of industry experience. The relationships this team has brought to the table have already resulted in several business development arrangements and multi-year service agreements with customers. Some of those are as follows:
-- Apr 26, 2004-QSI Signs Agreement with Leading Provider of
Mortgage Solutions
-- May 4, 2004-QSI Signs Agreement with Leading Provider of On-line
Document Archiving
-- May 11, 2004-QSI Forms Strategic Partnership With Hyland
Software, Inc., the Developer of OnBase(R) Enterprise Content
Management
(ECM) Software
-- Jun 1, 2004-FedEx Kinko's Selects Quintek Services, Inc. (QSI) as
Western Region Document Scanning Partner of Choice
-- Jul 22, 2004-QSI Signs Agreement with GCAP Services
-- Aug 24, 2004-QSI Signs Agreement with HIPAA-Compliant Healthcare
-- Solutions Provider RecordSourceMD
-- Oct 1, 2004-QSI and Equinox to Provide U.S. and Indian Based
Business Process Outsourcing Solutions to Mortgage Industry
Bob Brownell, President of Quintek, and the individual responsible for expanding QSI and developing the BPO business stated, ``This has been one of the fastest starts I have experienced in this industry. The need for back-office outsourcing activities within the business community continues to explode and QSI is well positioned to capitalize as a strategic service provider.''
Robert Steele, CEO of Quintek commented, ``This is only the beginning. Our goal is to deliver consistent quarter on quarter revenue growth.''
About QSI
QSI delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
More information is available at quintek.com
``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, 2004 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.
Contact:
Quintek Technologies, Inc.
Andrew Haag
Chief Financial Officer
(714) 848-7741
ahaag@quintek.com
Cinapsys, Inc.
Mark Moline
Investor Relations
1-866-EASY-IRM
(949) 497-6684
mark@cinapsys.com
________________________________________
Source: Quintek Technologies
QSI Signs Agreements to Provide an Estimated $6.3 Million in BPO Services
Wednesday December 8, 7:00 am ET
HUNTINGTON BEACH, Calif., Dec. 8, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that it's QSI division has executed Statements of Work for long term master service agreements with customers that are estimated to generate over $6.3 million in revenues over the next 3-5 years.
The clients Quintek will be servicing are multi-billion dollar corporations with national and international operations. Quintek will be providing a wide range of integrated services that are designed to decrease internal labor costs and inefficiencies while enhancing customer service and reporting requirements.
In less than seven months, the company has signed a number of strategic teaming agreements with vertical centric integrators and consultants specializing in financial, insurance and healthcare vertical markets.
Bob Brownell, President of Quintek stated, ``This is the fastest start I have experienced for a new startup division. New clients have commented that their selection of QSI was primarily based on our professional knowledge of the business and quality of the technical response.'' He added, ``It is clearly a testament to the handpicked team that has been assembled here and the quality of services we are delivering to the marketplace.''
Robert Steele, CEO of Quintek commented, ``The long term service agreements we are executing and the quality of our partners will be the driving force for the growth of this business.'' He added, ``The increase in financial commitments from investors and customers is a testament of the rapid growth that is occurring within this company and the potential that exists in this industry.''
About QSI
QSI delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
More information is available at quintek.com
``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, 2004 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.
Contact:
Quintek Technologies, Inc.
Andrew Haag
Chief Financial Officer
(714) 848-7741
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
Toll Free 1-866-EASY-IRM
Direct (949) 497-6684
mark@cinapsys.com
________________________________________
Source: Quintek Technologies
QSI to Offer Automated Accounts Payable Solution
Wednesday December 1, 7:00 am ET
HUNTINGTON BEACH, Calif., Dec. 1, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that its QSI division, a North American provider of Business Process Outsourcing (BPO) services, is now positioned to begin offering an automated accounts payable solution to process invoices. This service will provide cost savings and increased efficiencies to clients in many industries, giving QSI a broad based program to expand its offerings and grow its customer base.
This new capability is a response to the growing trend towards companies implementing imaging and workflow solutions to increase efficiencies and reporting standards, which is a direct result of the emphasis on cost containment and Sarbanes-Oxley compliance.
Bob Brownell, President of QSI stated, ``QSI can now implement a streamlined end-to-end accounts payable solution that includes inbound mail handling, document capture, data capture, web hosting of images and automated workflow. With the recent accelerated focus on regulatory compliance and cost reduction, QSI is experiencing a significant demand for our services and solutions, which include a combination of document capture, data capture and rules based workflow.''
The Imaging and Workflow Automation (IWA) solutions benefit accounts payable departments by addressing the two main obstacles in a streamlined invoice management process: Capturing information from invoices that vary in their formats and structures; and managing the invoice approval process with control and visibility. The unique aspect of these projects is the company-wide routing and approval process of critical vendor invoices. This process streamlines efficiency, reduces labor costs and capitalizes on all vendor payment discounts.
Brownell added, ``QSI has just been selected by a major international chemical company to configure a complete end-to-end solution by approaching IWA from both a Business Process Management (BPM) perspective, as well as from the direction of Enterprise Content Management (ECM).''
About QSI
QSI delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
``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, 2004 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.
Contact:
Quintek Technologies, Inc.
Andrew Haag
Chief Financial Officer
(714) 848-7741
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
1-866-EASY-IRM
(949) 497-6684
mark@cinapsys.com
________________________________________
Source: Quintek Technologies |
