CAMARILLO, Calif., April 15, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) a Business Process Outsourcing (BPO) service provider, announced today that it has been granted permission to trade its shares on the Third Market Segment of the Berlin Stock Exchange. The German trading symbol will be "QT2.BE" and the German securities code (WKN) will be 901586.
Quintek CEO, Robert Steele commented, "We are pleased to have been approved for trading on the Berlin Stock Exchange. This could effectively result in increased liquidity in our common stock from parties looking to trade our shares overseas."
Andrew Haag, CFO stated, "We are striving to enhance our corporate visibility and expand our presence to a broader financial community. We believe this prestigious trading platform will assure that our compelling story reaches a significant European audience."
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
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, 2002 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.