HUNTINGTON BEACH, Calif., May 27, 2005 (PRIMEZONE) -- 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, today announced that it is providing supply chain management consulting services for Memorex Products, Inc.
Memorex is the industry sales and marketing leader of digital media and media accessories. This marks the successful establishment of Sapphire's supply chain consulting practice for the high technology vertical with a brand name, marquis account. Engagements with aligned leading customer brands such as Memorex Corporation and others are well underway. Sapphire is delivering customer value.
"Our business plan has been validated in a way best expressed by the simple Harvard Business school question: Are there paying customers? For Sapphire the simple answer is yes; and within our first week of operations," commented Scott Hine Vice President of Sapphire Consulting Services, Inc.
"We are choosing our customers and partnerships very carefully based on aligned brand, our ability to add real customer value and alignment with our target verticals; one of which is the high technology sector." Hine added, "I am proud of Sapphire's association with such a well know brand as Memorex, whose products are sold at 9 of the Top10 retailers in the U.S."
Robert Steele, CEO of Quintek stated, "We are pleased with the developments at Sapphire. Within weeks of initiating this focus, Sapphire has aligned with major technology partners such as Oracle USA and established customer relationships with premiere accounts such as Memorex." Steele added, "Sapphire's revenues should positively impact the current quarter."
About Memorex
Memorex Products, Inc. is the industry sales and marketing leader of digital media and media accessories. Since the early 1970s, Memorex has been one of the most widely recognized and respected names in the consumer electronics industry. Today, it is an influential brand in CD and DVD media, optical drives and USB flash drives. Memorex is headquartered in Cerritos, California.
Memorex and the Memorex logo are registered trademarks of Memorex International Inc.
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTCBB: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. For more investor-specific information, including daily and historical company stock quote data and recent news releases, please visit http://www.trilogy-capital.com/tcp/quintek. To read or download the company's Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/quintek/factsheet.html.
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. Source: Quintek Technologies, Inc.