SOURCE: Quintek Technologies

July 25, 2005 16:18 ET

Quintek Technologies, Inc. Signs Exclusive Sales and Marketing Agreement Targeting Approximately $15 Million in New Business Over the Next Twelve Months

Identified Potential Business with Mortgage Companies Equals $75 Million Over the Next Five Years

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- July 25, 2005 -- Quintek Technologies, Inc. (OTC BB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, today announced the signing of an exclusive sales and marketing agreement with Single Source Partners (SSP), a trusted, single source for mortgage business solutions.

Mortgage lenders have been experiencing increasing volumes. Quintek helps lenders meet this increased demand while increasing operational efficiencies and profitability.

Last year SSP referred QSI to a high-tech, high-volume division of one of the largest lenders in the world. QSI has been servicing and delivering on this account for over nine months providing quality service with increasing volumes. Quintek plans to work closely with SSP to further penetrate this industry as they grow revenues within this space.

Robert Steele, CEO of Quintek, stated, "SSP has provided value to Quintek in identifying and introducing our company to various lenders looking for the services and solutions we provide." Mr. Steele added, "We advanced the agreement with SSP to an exclusive relationship due to our ability to deliver quality services and address the specific needs of their clients within the mortgage space." Steele ended, "QSI has the proven experience and know how to target and address the needs of SSP's client's and deliver results."

Dan Streit, President of SSP, commented, "Single Source Partners is pleased to extend its relationship with Quintek as the document management, imaging and scanning partner to serve our mortgage industry customers." Mr Streit added, "Quintek provides our customers the scalability, service, and industry expertise needed to increase both operational efficiencies and profitability." He ended stating, "By successfully processing millions of images a month with some of Single Source Partners industry leading customers, Quintek has proven themselves to be a valuable and trusted solution."

About Single Source Partners

Leveraging over 70 years of combined industry knowledge and experience, SSP provides mortgage lenders and originators with the resources of a large-scale organization. As the industry's premier mortgage solutions firm, SSP invests the time, expertise and continual due diligence it takes to determine an extensive array of "best in class" mortgage services, products and vendors.

More information is available at: www.singlesourcepartners.com

About Quintek Technologies, Inc.

Quintek Technologies, Inc. (OTC BB: 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. The Aberdeen Group, a provider of IT market intelligence, forecasts 13% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.

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

Safe Harbor Statement

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, 2004 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, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact Information

  • CONTACTS:

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

    Single Source Partners, Inc.
    (949) 252-8080
    Email Contact

    Communications:
    Cinapsys, Inc.
    Mark Moline
    (949) 497-6684
    Email Contact