CAMARILLO, Calif., May 4, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced today that its QSI subsidiary has signed an agreement with a leading provider of Web based document hosting solutions to provide QSI clients the efficient and immediate capability of viewing business critical documents on line.
Data accessibility and document storage is a challenging operation for many corporations to handle successfully. QSI combines document pickup, data entry, document scanning, mailing operations, and now a new hosting service, to complete the cycle for online access, retrieval and archiving.
Robert Brownell, President of Quintek stated, "By accepting documents from a variety of processing platforms and providing clients 24/7 access to their digital documents, we will effectively provide QSI's customers the opportunity to improve time to market, improve customer service and remain competitive." He added, "We are putting all the pieces in place to position QSI as a leading provider of Business Process Outsourcing (BPO) solutions, the addition of partners in key disciplines will insure rapid time to market for our offerings."
Some of the more important features of QSI's on-line services are; fast online access to data and images, combining multiple file types on one platform, SAS70 - DOD - HIPAA compliant facility, workflow-enabled, completely secure and quick to implement. The system is fully mirrored and load-balanced with auto-failover capability ensuring access and availability.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
"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.