SOURCE: Quintek Technologies

July 19, 2005 19:07 ET

Sapphire Consulting Services Transatlantic Sales Pipeline Exceeding $30 Million USD

Supply Chain Management Consulting Services Division Contributing Immediately to Quintek's Revenue Growth

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- July 19, 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, today disclosed its current transatlantic sales pipeline, which considers Q4 of 2005 and FY 2006. Strong business growth opportunities exist for Sapphire for the rest of 2005 and throughout 2006, according to the qualified pipeline forecasts for both North America and Europe.

Scott Hine, Vice President of Sapphire commented, "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."

Several of Sapphire's Supply Chain Management (SCM) opportunities span transatlantic operations. Sapphire's forecast execution will occur in tandem with its business partners, and with the addition of senior business development and solution delivery management personnel.

"We're very pleased with the progress of the Sapphire division," commented Robert Steele, Quintek CEO. "They have been able to secure several substantial contract wins with well respected customers covering all the targeted verticals." He added, "If Sapphire meets its current sales pipeline forecasts the positive impact on Quintek's revenues will be significant."

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 As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO.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%.

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

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