CAMARILLO, Calif., August 19, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK), developer of a chemical free desktop microfilm solution, today announced that it has retained the law firm of Christie, Parker & Hale (CP&H) to represent the Company in the creation and protection of intellectual property rights.
CP&H has vast experience with patents, trademarks, copyrights and litigation. In addition, the firm is based in Pasadena, CA, close to Quintek's corporate headquarters. CP&H provides the following:
1) The profitable exploitation of intellectual property;
2) Controlling the costs of creating and protecting intellectual property;
3) Licensing intellectual property;
4) Creating and protecting intellectual property in foreign markets;
5) Dealing with encroachment on intellectual property rights.
Many of CP&H's patent attorneys hold degrees in some field of science or engineering including advanced degrees in biotechnology, computer science, electronics, mechanics, material sciences, chemistry, and medical technology.
Robert Steel, Quintek Technologies President and CEO commented, "By retaining a top-notch Intellectual property firm, Quintek will be able to aggressively protect and pursue both existing and future patents related to our technology." He added, "The protection and expansion of our existing patents is in the best interest of the Company and all of our stakeholders."
About Christie, Parker & Hale
For more than five decades Christie, Parker & Hale has rigorously protected the discoveries and inventions of their clients.
Unlike general practice firms, their practice is rooted in intellectual property. With breadth and depth of expertise, experience, judgment and creativity they specialize in patents, trademarks, copyrights, trade secrets, unfair competition, plant variety protection, related litigation, and international property rights.
Realizing the full potential of a client's business is their primary goal. They serve their clients-by developing long-term partnerships. Working hand-in-hand with them -- From obtaining their first patent, guiding them through their initial developments and watching them achieve market leadership.
About Quintek
Quintek is the developer 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.