Quantex Capital Corporation

Quantex Capital Corporation

February 01, 2007 11:11 ET

Quantex Capital Corporation: Samlex America Makes Sales Progess in South America, Concludes Settlement Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - Quantex Capital Corporation (PINK SHEETS::QCPC) announced today that Samlex America has successfully completed a pilot project in South America which could possibly lead to establishing a commercial presence there. The pilot project, which is a collaborative effort between the Brazilian government, utility companies and solar power supply vendors, purchased USD $250,000 worth of solar power converters for communities in remote areas.

Samlex Vice President Mr. Ian Price stated that the total project will be completed in several stages with orders totaling more that USD $18 million.

"While Samlex America will not be the only company selling to the project, we are hopeful that Samlex America will get a substantial piece of this project. It is certainly a big step in the right direction for a company looking to enter a new market," stated Mr. Price.

"This has been a great opportunity for Samlex America and in our eyes only the beginning of the company's entry into a large market with numerous opportunities for niche products," stated Mr. Evan Baergen, President of Quantex Capital Corporation.

Quantex Capital Corporation also announced that it has now concluded a definitive settlement agreement relating to a recently filed action by Hunter Consulting International Inc. with respect to a loan agreement and both parties accepted the terms and conditions of the agreement.

About Quantex

Quantex Capital is a US publicly traded firm which specializes in the acquisition of controlling interests in solid companies operating in the power conversion and supply industry, and providing long-term management and business growth solutions to its subsidiaries. Visit www.quantex.com for more information. The company's largest holding is Samlex America, www.samlexamerica.com, a distributor of a variety of power conversion products.

On Behalf of the Board of Directors,

L. Evan Baergen, President

This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the company.

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