CAMARILLO, Calif., Jan. 20, 2004 (PRIMEZONE) -- Quintek Technologies (OTCBB:QTEK), announced today that it has conducted a management interview with WallSt.net discussing Quintek's business and the future of microfilm and archival technology.
Quintek's President and CEO, Robert Steele discussed the following:
-- The obsolescence of digital media and the backup of critical
documentation;
-- Microfilm as a future-proof, eye-readable best practice archival
media;
-- Quintek's expanding product line;
-- Quintek's potential ten fold revenue increase from its historical
high over the next three to five years;
-- Quintek's broad based revenue streams, which include software
sales, hardware sales, and maintenance of related products.
"Our vision for the company, which directly complements the best practice of long term document archival on microfilm, is to expand the product line and revolutionize long term document archival by making it easy and inexpensive for anyone to print microfilm directly from computer files", commented Steele. When asked about the potential size of the Company, he further stated, "We see this Company being potentially as large as any office hardware automation company-think about the first companies building copiers; think about the first companies building large format printers..."
The interview can be heard on http://www.wallst.net.
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, 2003 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.