SOURCE: Quintek Technologies, Inc.

December 08, 2005 06:06 ET

Sapphire Consulting Services Establishing Brand Awareness Among Industry-Leading Clients

New Website Launched to Provide In-Depth Information on Subsidiary and Its Service Offerings

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- December 8, 2005 -- Sapphire Consulting Services, a wholly owned subsidiary of Quintek Technologies, Inc. (OTC BB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, continues to deliver with industry-leading clients, such as Memorex and Wilbur Curtis.

Sapphire is pleased to announce that it has launched a new website, located at: http://www.sapphireconsulting.net. The site provides a detailed overview of the services offered by the company. Investors, clients and vendors are encouraged to review the website and contact the company with any questions or comments.

Quintek disclosed the formation of Sapphire Consulting Services last May, shortly after the company brought on Scott Hine, formerly director of supply chain services for PeopleSoft. Since that time, Sapphire has closed business with industry leaders in verticals identified by the company as important to the subsidiaries growth. Customers in the technology, medical, and consumer packaged goods sectors have been contacted and closed. Sapphire's services equip customers with the technology, in tandem with best business practices, to gain increased global supply chain and inventory improvement across their business.

Vice President of Sapphire, Scott Hine, commented, "Sapphire provides professional consulting services for businesses looking to significantly improve upon their customer service, manufacturing and distribution operations, from strategic supply chain planning to order fulfillment and execution." Hine added, "Sapphire's strong brand awareness, partnerships, and momentum have helped augment corresponding transatlantic services pipeline growth estimated to exceed $30 million over the 18-month forecast period."

Andrew Haag, Quintek CFO, stated, "Sapphire is progressing solidly. It is providing valuable services to well-known customers and receiving repeat business, a positive indicator to customer satisfaction." Haag added, "Thus far, the Sapphire subsidiary had delivered over $280,000 in revenues and is on a $600,000 annual run rate. Sapphire is currently a cash flow positive business."

Robert Steele, CEO of Quintek, added, "Scott and his team have moved quickly to establish Sapphire's visibility and brand. We remain confident even in this early stage that Sapphire will contribute substantially to Quintek's overall growth during the next 12-18 months."

About Quintek Technologies, Inc.

Quintek Technologies, Inc. (OTC BB: QTEK), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provide 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%

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

  • CONTACT:

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

    Communications:
    Cinapsys, Inc.
    Mark Moline
    (760) 458-4899
    Email Contact