CAMARILLO, Calif., June 17, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) chemical-free desktop aperture card printer will be the featured product at an engineering open house seminar sponsored and held by ImageMax, Inc. (OTCBB:IMAG)
ImageMax, Inc.'s new, Canton, MA facility is one of the most modern microfilming and scanning service bureaus in the country. Other vendors products to be showcased include; Xerox, (NYSE:XRX), Minolta, Context, Hyland Software, Digital Paper, and Legato Systems (Nasdaq:LGTO). ImageMax will also provide an overview of their document conversion service capabilities.
ImageMax representatives have contacted hundreds of end users and potential customers and are expecting a solid turn out. The open house seminar will be held June 26th. For more information, contact Lisa Petrie at ImageMax 1-800-441-4500, Ext 203.
Quintek Technologies, Inc. CEO Robert Steele stated, "While at CADD Microsystems I saw how effective seminars can be at building sales and market share among engineering buyers." He added, "Partners like ImageMax and others will help to ensure that Quintek becomes a leader in this market."
CFO, Andrew Haag commented, "The new financing package we announced last week allows us to take advantage of our cash flow in advance of shipping product." He added, "Seminars like this one should provide us with orders that we can quickly monetize to drive our growth."
Bob Zagami, Northeast Regional Sales Vice President for ImageMax noted, "We are excited about the new direction and management team at Quintek and look forward to bringing this product to customers." He added, "The Northeast Region has a special focus on engineering applications and services. Our customers expect us to keep them informed of new products and services that present meaningful productivity improvements and a solid ROI, the Quintek 4300 film-based plotter meets those criteria."
About Quintek
Quintek is the only manufacturer of a desktop microfilm printer. The company currently sells hardware, software and services for printing large format drawings such as blueprints and CAD files (Computer Aided Design), directly to microfilm. Quintek does business in the content and document management services market, forecast by IDC Research to grow to $2.4 billion by 2006 at a combined annual growth rate of 44%. Quintek targets the aerospace, defense and AEC (Architecture, Engineering and Construction) industries.
Quintek's printers are patented, modern, chemical-free, desktop-sized units with an average sale price of over $50,000. Competitive products for direct output of computer files to microfilm are more expensive, large, specialized devices that require constant replenishment and disposal of hazardous chemicals.
About ImageMax
ImageMax is a national provider of document management services and products that enable clients to more efficiently capture, index, and retrieve documents across a variety of media, including the Internet through its web-enabled document storage and retrieval product, ImageMaxOnline. The Company operates from 26 facilities across the country.
"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.