SOURCE: Quintek Technologies, Inc.

July 19, 2007 08:45 ET

Quintek Pre-Announces Revenues Increased 22% Over Previous Quarter

Company Delivers Another Quarter of Consecutive Growth

HUNTINGTON BEACH, CA--(Marketwire - July 19, 2007) - Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced today that its revenues for the quarter ending June 30th, 2007 increased 22% from the quarter ending March 31st, 2007 from $594,064 (reviewed) to $721,760 (preliminary and unaudited). These figures follow an increase of 49% from the quarter ending December 31, 2006 to the quarter ending March 31st, 2007 from $397,283 to $594,064.

In the past several months Quintek has announced several new additions to its team. The Company first attracted James Kernan as a sales consultant in February 2007. Mr. Kernan then moved to the position of interim president and then CEO in April 2007. Since joining Quintek James has added a team with roughly 60 years combined technology sales and consulting experience and has begun attracting new partners and customers.

Andrew Haag, Quintek CFO, stated, "In the past two quarters we have just about doubled the quarterly revenue rate at QSI and are seeing a material increase in gross profits."

James Kernan, Quintek CEO, stated, "This is the fourth Company I have worked with that has immediately experienced strong revenue growth. In the three other cases we went on to enjoy years of success." He added, "Our business is no different than any other, in that people do business with people. Since coming on here at Quintek we have added strong people with solid relationships. This translates rather quickly into customers and partnerships that add value and support growth. Growth is centered on long-term relationships. We have a terrific sales pipeline and we should just build on our numbers going into next quarter." He continued, "We had several large projects right out of the gate, and by closing some others that are forecasted we're projecting further growth for the quarter ending September 30. That quarter could very well represent a record quarter for this Company. We will then have the challenge of continuing to beat those results as we set the bar higher each quarter, something we are confident we can achieve."

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 of 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