HUNTINGTON BEACH, Calif., July 22, 2004 (PRIMEZONE) -- Quintek Services, Inc. (OTCBB:QTEK) announced today that they have signed a teaming agreement with GCAP Services, a leading provider of Business Process and Systems Redesign solutions to the government market space.
GCAP currently serves its clients in a variety of ways including:
-- Executive, strategic and tactical management consulting services
-- Compliance with federal government and public agency requirements
-- Design and implementation of business systems
-- Establishment of new or streamlined existing policies and
procedures
-- Development of classroom and web-based training programs
GCAP understands the strategic importance of achieving best practices within an industry or business model and identifying the specific practices that are crucial to an organization's long-term profitability. They achieve best practices through process innovation and reengineering, setting the standard for specific processes from quality or cost perspectives.
Robert Brownell, President of QSI expressed his thoughts on this market stating that, "By addressing and penetrating the large amount of government clients that need our outsourcing and imaging solutions, we should effectively ensure revenue growth and expand our client base in this multi-billion dollar market." QSI's imaging and outsourcing methodology provides data entry, document scanning, mailing operations, and media to media conversions that compliment GCAP's solutions.
Richard Murg, GCAP's General Manager of Enterprise Content Management Solutions commented, "We are excited about the joint initiative with QSI. Because of their significant presence in the government, finance, insurance and healthcare industries, partnering with QSI's solutions will provide GCAP's clients with a total end-to-end solution in document management conversions."
QSI's marketing initiative targeting federal, state and local government is another positive investment in the Company's strategic vision of providing precise, cost-effective BPO solutions to companies operating in many diverse industries.
About QSI
QSI delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as government, 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.