SOURCE: Quintek Technologies, Inc.

August 28, 2007 08:30 ET

Quintek Receives Contract From Nationally Recognized Benefits Administrator

Company to Provide Customer With Enterprise Content Management Solution and Services

HUNTINGTON BEACH, CA--(Marketwire - August 28, 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 received a contract to provide solutions and services to a nationally recognized employee benefits plan administration and consulting firm.

The customer is based in San Diego, California and has been operating in the industry for over 25 years. As an independent employee firm, they work with companies nationwide in a variety of industries helping them to achieve corporate objectives and fulfill fiduciary responsibilities. They are a total solution for employee benefits and executive compensation administration and consulting and are known for outstanding quality of work and applying a client-centered approach to services from coast to coast.

Quintek will be assisting the customer with the selection, implementation and customization of a best-of-breed Enterprise Content Management (ECM) solution. The value of the contract is estimated to total over $200,000. Quintek will also provide services related to maintenance and upgrade of the solution and assist the customer with ongoing document management services in multiple phases. The solutions and services Quintek is providing this customer will help them manage their enterprise more efficiently and increase their already highly responsive level of service.

James Kernan, Quintek CEO, stated, "End-to-End solutions such as this help our customers remain competitive in the workplace. They reduce costs and increase service levels that they can provide for their customers." He continued, "We have seen large enterprises adopt solutions such as these for years, now we see the growth from middle market companies or the SMBs (Small to Medium Sized Business) that are beginning to adopt customized solutions and services as they become more affordable."

"This is just the beginning of the efforts that we are seeing from the professionals that we have recently added to the Quintek team," added Kernan. "We are aggressively pursuing new opportunities and expanding our contacts throughout the industry."

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. Forester 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 is 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