SOURCE: Quintek Technologies, Inc.

May 01, 2007 17:40 ET

Quintek Names James Kernan as Chief Executive Officer

New Executive Has Experience Driving Revenues North of $300 Million

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- May 1, 2007 -- Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced today that it has named Mr. James Kernan as Chief Executive Officer.

Kernan has over 18 years of experience in executive sales management, business consulting and information technology sales and has been an integral part of growing a national presence for successful technology businesses based in Southern California.

Robert Steele, outgoing CEO, stated, "We are pleased to have someone like James come on board to grow the company and move the business forward. While at Quintek for the past five years we have seen our revenues grow -- over 1000% from 2004 to 2006." Steele added, "As a shareholder of Quintek, I look forward to having a proven executive like James at the helm. He has been integral at driving sales in the hundreds of millions of dollars for other companies where he has been involved. I am confident that he can increase value and move us forward in growing this business effectively."

Andrew Haag, Quintek CFO, commented, "Kernan has served for the past few months as a sales consultant and acting President. We have seen that his focus on driving growth has been effective, we enjoy working with him, feel that his management style is complementary and that he will deliver." Haag added, "James has been an integral part of successfully driving technology companies' sales to over $300 million. This is the type of experience that can take Quintek to the next level."

Kernan stated, "We have a strong sales pipeline and plans to continue to increase sales further. Quintek has a team to that can deliver for its customers and has delivered to some of the biggest and best companies in America." He added, "I expect to add to that team with personnel that can close more business and deliver for our customers." James commented that, "I have always managed businesses based on results, and that is what we intend to deliver for Quintek, results."

James Kernan replaces Robert Steele, who has served as CEO for the past five years as per the term of his employment agreement.

About Quintek Technologies, Inc.

Quintek Technologies, Inc. (OTCBB: QTEK), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provides services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues.

QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO. Forrester Research, Inc. estimates that the market for BPO services will grow from $19 billion in 2004 to $146 billion in 2008. Business Insights estimated the BPO market as the fastest growing area of the IT services sector. Growing at 8% annually, it is expected to grow from $112.1 billion in 2005 to $144 billion in 2008.

Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2%.

For more information, visit http://www.quintek.com.

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, 2006 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, inability to timely develop products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.

Contact Information

  • CONTACTS:

    Quintek Technologies, Inc.

    Andrew Haag
    Chief Financial Officer
    (714) 848-7741, Ext. 14
    Email Contact

    Communications:

    Cinapsys, Inc.
    Mark Moline
    (760) 458-4899
    Email Contact