HUNTINGTON BEACH, Calif., July 19, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) today announced the opening of a new facility in Huntington Beach, CA. The facility will service the outsourcing needs of the Company's QSI Division as well as Quintek's corporate headquarters. The location was chosen to offer greater proximity to Los Angeles, Orange County and San Diego.
The Company is expecting strong growth from its QSI Division and has developed a significant sales pipeline. QSI, through its partners, has identified a number of customers with long term multi-million dollar needs for back office outsourcing solutions, professional services and document conversion services.
"This new facility will bring our management under one roof and help us all to drive growth for the company and its shareholders," commented Robert Steele, CEO of Quintek. "With the formation of the new QSI subsidiary we added several key people, headquartered in and around the LA/Orange County areas. The Huntington Beach facility will provide a more central location from which the company can continue its expansion and development." Steele continued, "The area is rich with corporate business prospects, representing all the vertical industries the company is currently targeting.
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, inability to secure funding, 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.