CAMARILLO, Calif., May 11, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced today that its QSI subsidiary has entered into a strategic partnership with Hyland Software, Inc. to provide business process automation services to the insurance industry.
Hyland Software, Inc. is the developer of the award winning OnBase(r) enterprise content management (ECM) software and a leading provider of electronic content management solutions. The initial focus of the technology partnership will address business process automation and the "intelligent routing" of information through workflow to the middle market of the insurance industry using Hyland's OnBase(r) solution.
Quintek Services Inc., (QSI) provides a variety of Business Process Outsourcing (BPO) services, ranging from the digitizing, indexing and uploading of source documents through simple customer-specific, rules-based decision making. The Companies document management services and back office solutions solve a number of challenges for a variety of paper-intensive marketplaces.
Bob Brownell, QSI's president stated, "OnBase software is an integral part of QSI's overall end to end document management solution. Hyland's commitment to quality and service made them an easy choice as a strategic business partner. QSI's business development strategy will primarily focus on integration efforts in the insurance and financial market space. Our C2G (cradle to grave) approach to these business sectors will provide clients a 'single source' partner by combining software, professional services and document conversion services."
Bill Priemer, Hyland's vice president of Sales and Marketing commented, "We are excited about the joint initiative with QSI. Because of their significant presence in the finance, insurance and healthcare industries, partnering with QSI will accelerate the acceptance and use of OnBase as the de facto standard in utilizing content management."
About Hyland Software
Hyland Software, established in 1991, is a leading provider of rapidly deployable enterprise content management software. Hyland develops OnBase, enterprise-class software that combines integrated document management, business process management and records management in a single web-enabled application. OnBase manages virtually every kind of document (images, reports, statements, application files, web pages, HTML forms, video, etc.) as well as every stage of the document lifecycle (creation/input, storage, retrieval, revision, distribution and publishing), and integrates with hundreds of line-of-business applications. OnBase is used by thousands of customers, including commercial organizations and government agencies, to streamline operations, reduce costs and share information with employees, partners and customers.
As a customer-driven organization committed to providing outstanding service and support, the company is dedicated to developing ECM solutions that are deployable at both the departmental and enterprise levels.
Visit www.onbase.com for more information.
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.
More information is available at www.quintek.com.
"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.