CAMARILLO, Calif., Sept. 22, 2003 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK), the only manufacturer of a chemical-free desktop microfilm solution, announced that IHS has agreed to sell its products under Quintek's new 'Dealer Sales Agreement'.
Earlier this year, IHS assisted Quintek in moving ahead the sale of a system to Alliant Techsystems (NYSE:ATK). Alliant is a $2.2 billion aerospace and defense company with strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting ammunition.
Robert Steele, Quintek CEO, commented, "I look forward to working closely with IHS to roll out new sales of Quintek products. IHS's focus on engineering intensive companies and government agencies is a great fit for Quintek." He added, "IHS maintains a strong presence within many large corporations and retains a high quality sales force. Their focus on engineering intensive businesses should greatly assist us in effectively grow our sales through IHS."
About HIS
Information Handling Services (IHS), headquartered in Englewood, Colorado, is the leading worldwide provider of technical content and information solutions for standards, regulations, parts data, design guides, and other technical information.
IHS Engineering started in 1959 as an aggregator of vendor catalog information for aerospace engineers. Over the last 40-plus years, IHS has continued to collect, organize, index, distribute, and manage engineering information for technical professionals. IHS has grown to serve over 55,000 customers in more than 90 countries. Currently half of the Fortune 100 companies and many government contractors work with IHS for engineering content and information solutions. IHS maintains relationships with more than 450 of the world's largest Standards Developing Organizations, over 16,000 manufacturers and key government agencies.
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.