LONDON, June 14, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE) announced today that it has commenced beta tests of its new marketing package tailored to medium and large-sized insurance companies, at one of the world's leading medical insurance companies.
Other beta tests of its new software are underway in collaboration with several large insurance companies in the U.K. and the U.S. The new software system allows insurance companies to efficiently pinpoint potential users for any new insurance product, based on their existing customer database.
"The system allow insurers to keep in contact with existing customers by continuously offering new products and services that match their profiles. This not only reinforces customer relations based on genuine offers, but strengthens customer loyalty," says Liat Matilsky, CEO of Quantech. "It also contributes to organizational marketing efficiency by allowing insurers to first exhaust the potential of existing customers before entering into more significant expenses of external marketing campaigns."
Since 2003, the global insurance industry has grown steady and passed the $3.3 trillion mark in 2004. The United States and Japan account for almost half of the world insurance, while U.K. insurance business accounted for slightly over 9% of global premiums.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the U.K., that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
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