SOURCE: Quintek Technologies, Inc.

February 14, 2007 07:00 ET

Quintek Signs Agreement With Kernan Consulting to Increase Sales Penetration and Ramp Revenues

Nationally Recognized Technology Marketing Leader Will Enhance Company's Sales and Marketing Strategies

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- February 14, 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 signed an agreement with Mr. James Kernan, of Kernan Consulting (www.kernanconsulting.com). James will assist the company serving initially in the role of Vice President of Sales. The Agreement is focused on further increasing sales penetration and revenues for Quintek.

"James Kernan is a dynamic and highly successful executive that has been recognized for his efforts by national publications and businesses alike. His technology sales, marketing and management skills will be a great benefit to Quintek," commented Robert Steele, CEO of Quintek. "James has helped other technology companies that he has worked with grow their sales by 1000%-3000%." He added, "James was instrumental in the growth of TIG from $30M in 1994 to $315M in just a few years. This is the kind of experience and leadership we need to help us rise to the next level."

"This is an exciting time for Quintek and I look forward to being part of this company's future," said Kernan. "Quintek has a strong pipeline of sales that continues to build and a proven track record of delivering services to some of the largest corporations in the world. Together our focus will be to launch Quintek from the foundation that has been constructed and continue the growth and service penetration of the Company."

Kernan 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.

Andrew Haag, Quintek CFO, commented on the financial structure of the agreement, stating that "James has an equity incentive to close contracts and drive revenues at Quintek. The targets that have been agreed upon over the next 12 months for James could add between $1 million and $10 million in closed contract value to the company and increase Quintek's revenues by between $1 million to $8 million in quarterly revenue." Haag continued, "James will receive options and equity grants in Quintek priced at just under $.07 per share. Under the agreement grants are awarded only in the event that James closes new contracts and we see material revenue increases."

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