SOURCE: Quintek Technologies, Inc.

August 23, 2006 09:15 ET

Scott Hine Set to Address a $40.5 Billion Market as President of Sapphire Consulting Services

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- August 23, 2006 -- Sapphire Consulting Services, a wholly owned subsidiary of Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced months after disclosing a strong outlook for new business that it has named Scott Hine to serve in the position of President of Sapphire Consulting Services, Inc.

Scott Hine is a veteran of the global supply chain consulting industry, His extensive career has encompassed multiple leadership roles with leading Fortune 100 companies, including International Paper's Carter Holt Harvey subsidiary, JD Edwards & Co. (purchased by PeopleSoft), and PeopleSoft, which was subsequently purchased by Oracle Corporation. Additionally, he served on the Board of Directors for the Supply Chain Council (www.supply-chain.org) and previously served on the Aerospace and Defense Special Interest Leadership team.

Hine stated, "We have established Sapphire as a trusted advisor and positioned the company as a boutique consulting organization." Hine added, "We have a footprint in North America and Europe, and are delivering for customers across targeted market."

Andrew Haag, Quintek CFO, stated, "Scott has built a multi-million dollar pipe of business and attracted valuable relationships with partners like software giant Oracle Corporation." Haag continued, "Sapphire has won and delivered for brand name customers on business like Memorex, Alberto Culver, Wilbur Curtis and Avail Medical."

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.

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%.

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.

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, 2005 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

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