Quantex Capital Corporation

Quantex Capital Corporation

April 10, 2007 19:33 ET

Quantex Capital Corporation: Samlex America Announces Results

DELTA, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - Evan Baergen, President of Quantex Capital Corporation (PINK SHEETS:QCPC), announced today the 2006 financial results of Samlex America, Quantex's 85% owned Canadian subsidiary.

"Our sales and our profitability continue to rise year after year," stated Evan Baergen. "Over all sales increased from C$5.7M to C$5.8M and while net income for the year decreased from C$311,706 to C$249,168, there were some large non-cash, non-operating items that should be taken into account. In the current year we valued stock options granted to the minority shareholder of Samlex America (in lieu of management fees) at C$150,000. This item alone would increase our net income to almost C$400,000."

"I am very pleased with the overall results. Samlex has managed to position itself well for the future through increases in sales staff while still being cost effective. I anticipate further increases to revenue to follow.

Gross margins for Samlex also increased from 34.2% to 35.8%, an increase of 1.6%. All financial results are from the financial statements for the year ended December 31, 2006 and are reviewed by the Company's independent auditors.

Samlex America has manufactured and distributed power supply products to more than 90 countries worldwide since 1991. Innovative product designs, strict quality control, and responsible after sales service provide customers with high quality power conversion products at extremely competitive prices. Samlex sells products such as communication power supplies, switching power supplies, pure sine-wave inverters, microprocessor battery chargers and much more.

Quantex Capital is a US based publicly traded firm (Pink Sheets: QCPC) which specializes in the acquisition of controlling interest 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.quantexcapital.com for more information. The company's largest holding is Samlex America, www.samlexamerica.com, a distributor of a variety of power conversion products.

This news release may contain forward-looking statements that are based on management's current expectations, which are subject to known and unknown uncertainties and risks. This could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Maxxcapp is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

Contact Information