CAMARILLO, Calif., Dec. 09, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced that it has recently added a new dealer to its growing network for the Company's products and services. The Company has been experiencing increased interest from dealers and potential customers since exhibiting at the Service Company Executive Forum last month.
Quintek also announced that it is in the process of formally adopting a plan to increase its sales and marketing efforts in 2004. The recent funding provided by Kazi Management VI, Inc. will in part be utilized to grow the sales arm of the Company, which should positively impact revenues in 2004.
Robert Steele, Quintek Chairman and CEO, stated, "We are highly confident that the increased sales and marketing efforts that have been made possible by our recent funding will result in increased revenues for the Company." He added, "The positive feedback we continue to receive while participating in industry events is very encouraging. We anticipate strong growth as we devote resources to expanding our sales and marketing initiatives."
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 $24 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.