SOURCE: Quintek Technologies, Inc.

May 02, 2006 16:13 ET

Quintek's New Business in the First Quarter Estimated to Result in Approximately $600,000 in Additional Yearly Revenues

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- May 2, 2006 -- Quintek Technologies, Inc. (OTC BB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, today announced that it has closed business in the first quarter that the company estimates could result in approximately $600,000 in additional yearly revenues.

"Our team has been working hard to generate new business and expand upon existing business," commented Andrew Haag, CFO of Quintek. "Our first quarter sales results were excellent and we foresee these accounts contributing approximately $800,000 in yearly revenues."

Recently Quintek reported that it had received a signed agreement to deliver services nationally to a major biotechnology company. The agreement represents additional business resulting from Quintek's previously disclosed relationship with a $29 billion international transportation, e-commerce and business solutions provider. The end user of the services is a $12 billion dollar per year pharmaceutical company. This agreement should produce over $720,000 per year in annual revenues.

In mid April Quintek was awarded a new order from an existing customer. Services revenue under this order is expected to exceed $110,000 over the ensuing 60 day period. The Customer is one of the most successful physician-owned medical liability companies in the U.S. It provides liability protection, rigorous underwriting, claims management priorities and very involved risk management programs for California physicians.

"We continue to win new business, both from new and existing customers, which is one of the most powerful testaments a client can make," stated Robert Steele, CEO of Quintek.

Sapphire continues to deliver results as well; having recently successfully completed phase one of their supply chain management (SCM) consulting services agreement with Wilbur Curtis, Inc. Paul Lynch, CTO of Wilbur Curtis Inc., commented, "This phase creates real business benefit to Wilbur Curtis through increased visibility to the forecasting process, resulting in improved accuracy and flow down effects to our demand driven supply chain environment. We look forward to continuing our relationship with Sapphire as a trusted advisor, helping us leverage the latest technology in an effort to redefine our sales and operations processes. In March Sapphire announced the achievement of the build-out, and supporting delivery against its initial sector focus; life sciences, consumer products and high technology.

Haag added, "We are quickly achieving the critical mass we need to drive this business to the next level on a revenue basis. We'll continue to advance our customer relationships and business developments to assure a smooth, workable transition into a high-growth provider of BPO services."

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.

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, 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