CAMARILLO, Calif., August 26, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK), the only manufacturer of a chemical-free desktop microfilm solution, announced that it has been advised by ImageMax, Inc. (OTCBB:IMAG), that a client is processing paperwork on the first sale from the Engineering Open House held by ImageMax in late June.
This will be the third sale by ImageMax of a Quintek system in less than eight months. Quintek is pleased to announce that it is expanding the relationship with ImageMax by furthering support of their sales efforts. Quintek will assist ImageMax in another seminar which will be held at the Marriott Courtyard in Manchester, Connecticut on September 24, 2003. Both companies feel strongly that such events will help build awareness of Quintek products and services, and result in significantly expanding sales.
Bob Zagami, Northeast Regional Sales Vice President for ImageMax, stated, "We are excited about the new management team at Quintek and the product improvements that have been made this year. The Quintek aperture card plotter allows companies to dismantle their legacy 35MM microfilm systems and produce their cards automatically from scanned raster images or CAD generated vectorized files." Zagami added, "The cost savings are significant when a company can computerize this last manual process that remains in the engineering reprographics department."
Zagami, also a member of the AIIM International (The Association for Information and Image Management) Board of Directors noted, "The important thing to remember is that aperture cards are a vital and critical information management tool in todays automated and computerized work environments. Quintek completes the marriage of microfilm to digital and digital to microfilm."
Robert Steele, Quintek's President and CEO commented, "The threat of power outages, computer viruses and cyber terrorism supports the need for critical information to be backed up in long-term human-readable future-proof formats." Steele further commented that, "This is evidenced by the fact that the Federal Energy Regulatory Commission or FERC requires that all FERC-587 forms be submitted on aperture cards."
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.
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 United States.
"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.