SOURCE: Quintek Technologies, Inc.

March 26, 2007 16:30 ET

Quintek Names James Kernan as President

Sales Executive Grew Revenues to $315 Million at a Prior Company

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- March 26, 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 President.

Kernan served for the past month at the Company as a consultant focused on driving the company's sales process. He has over 18 years of experience in executive sales management, business consulting and information technology sales. His efforts have received recognition in Inc. Magazine's Top 500 fastest growing companies and in CRN Magazine as the #1 Fastest Growing Technology Reseller. In 1994, in his first year as Manager of the Government, Education and Medical division for TIG, a San Diego-based technology systems integrator, Kernan grew sales by $16 million. He was promoted to Vice President of Sales at TIG and served in that position from June 1996 to September 2000, growing sales significantly during this period. In April 2001, he joined Networks Plus, a San Diego-based technology systems integrator, as CEO. While at Networks Plus, he grew revenues by 3000% in 5 years. Kernan received a B.S. in Business Administration from Nebraska Wesleyan University in 1987.

Quintek operates in a large and growing industry. The company 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. 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.

Robert Steele, CEO, stated, "James Kernan has demonstrated his grasp for our business and his ability to drive our growth forward. His track record of success in past ventures is impressive." Steele continued, "James has been instrumental to the growth of previous companies, where he increased their sales by 1000%-3000%. While at TIG their sales grew from $30M to $315M in the late '90s." Steele concluded, "I am pleased to have the opportunity to work with James as we grow this company. This is the kind of experience and leadership we need to help us rise to the next level."

"In the past month I have had the opportunity to learn about the Company. Quintek presents tremendous growth potential due to the nature of the industry in which they operate, the infrastructure they have in place and the exceptional team that has been assembled. The Company has already proved its ability to deliver for its customers and produce impressive growth. We can now expand revenues and penetrate middle market players producing explosive growth with minimal additional cost." Kernan added, "Our focus now is to move Quintek forward and to become a prominent player in the Business Process Outsourcing market."

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