CAMARILLO, Calif., Oct. 14, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it will begin taking customer orders for the release of its new software, QuinPlot 3.0.
In addition to existing features in the current version of QuinPlot software, QuinPlot 3.0 includes powerful new tools that will greatly enhance the functionality and efficiency of the Q4400 Aperture Card system.
QuinPlot 3.0 will list for $4,995. The upgrade will be provided free of charge to customers already on Quintek's Annual Maintenance program. QuinPlot 3.0 includes seven additional tools, two of which are enabled on installation. The other five tools may be purchased separately for an additional $4,995 each or in a packaged bundle for $14,995.
Quintek will be offering a free, comprehensive on-site service call with every purchase and upgrade, thereby ensuring a smooth transition to the new system.
Robert Steele, President and CEO of Quintek stated, "We believe that the benefits of the QuinPlot 3.0, coupled with the added cost savings, convenience and environmental benefits associated with our Chemical Free Microfilm (CFM) technology make the Quintek solution the hands down choice for any IT manager, micrographics professional or CFO." Andrew Haag, Chief Financial Officer commented, "The new release of our QuinPlot 3.0 should create huge opportunities to tap an installed base of thousands of other similar micrographics equipment users, thereby greatly increasing our penetration of this marketplace."
About Quintek
Quintek is the only manufacturer of a chemical-free desktop microfilm solution. 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 $65,000. 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.
"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.