Quantex Capital Corporation
PINK SHEETS : QCPC

Quantex Capital Corporation

December 12, 2006 18:17 ET

Quantex Capital Subsidiary, Samlex America, Announces Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - Quantex Capital Corporation (PINK SHEETS:QCPC) announced today the results of it subsidiary company Samlex America. Jonathon Dugdale, President of Samlex America, announced the company's progress in the first eight months of 2006. All reported results are from management prepared (unaudited) financial statements and are subject to change when audited at year-end.

Sales were C$3.9 million, up 2% over the same period last year. Reported sales are derived from and diversified by 10 major product categories. Sales of older technology linear power supplies, such as certain DC Power Supplies, has been more than offset by an increase on sales of DC-AC Inverters, Battery Chargers and Switching DC-DC Power Supplies through a strategic sales program. Part of the sales program includes an extension of Samlex America's reach to into industrial marketplace with dedicated sales staff.

Samlex America's 3-year commitment to growing its alternative energy market (solar power) is proving successful and relationships are being built worldwide.

This intensive management has assisted in increasing the Samlex America's gross margin by more than 13% from C$1,457,534 to C$1,650,297 compared to the same period in 2005.

For the 8 months ended August 31, 2006 total gross margin was 42.10% vs. 37.94% recorded in the same period last year.

Selling expenses and adjusted general expenses increased by 18% (C$90,471) and administration expenses increased by 27% (C$92,600) compared to the first 8 months in 2005 due mainly to additional travel expenses and professional service costs to develop and enhance supplier relationships.

Net Operating Income as a percentage of sales increased to 13.71% from 12.71% the prior year.

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.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.

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.


Contact Information