HUNTINGTON BEACH, Calif., April 29, 2005 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK), a global provider of business process outsourcing (BPO) and best-of-breed technology consulting services, has announced that it has hired veteran BPO computer specialist Christophe Bahamad to serve in the position of Senior Systems Engineer.
Bahamad's professional background spans years at some of the largest organizations in the rapidly growing multi-billion-dollar BPO services sector, including over five years with Affiliated Computer Systems (NYSE:ACS), a $4 billion player in the BPO space; Continental Graphics, an imaging services company acquired by Boeing (NYSE:BA) in 2003; and two years with Kofax, the world's leading provider of information capture solutions. More recently, Bahamad has been working as an industry consultant.
Bahamad has worked with Quintek in a consultanting capacity for several months, where he has played a key role in the implementation of advanced services at one of Quintek's largest customers. Bahamad will provide important expertise as the company develops new major corporate customers for its core BPO services business.
"Because we have been working with Christophe for six months already, we are aware of his expertise and the value he brings to Quintek," said Robert Steele, Quintek's Chief Executive Officer. "We are excited that he has joined Quintek at this productive and important period in the company's growth. Christophe has been tasked with taking an important leadership role as the Company continues to execute its business strategy to rapidly grow revenues in this sector." He added, "Quintek's recent business performance has exceeded our projections, which enables us to continue to attract the best people in the business."
Quintek is continuing to develop and strengthen its capabilities and track record in several segments of the fast-growing BPO industry. According to market analysts, the BPO sector is expected to grow to $248 billion in 2005. Quintek also recently announced its entry into the closely related Supply Chain Management (SCM) marketplace, which provides solutions for the planning and execution of business processes and technologies that enable sales, manufacturing and distribution. According to industry researchers, the market for SCM-related software is forecasted to top $7.4 billion by 2008. In addition, leading market research firm IDC has estimated the much larger market for SCM-related services at approximately $40 billion. Quintek's SCM focus is on SCM related services.
About Quintek Technologies, Inc.
Quintek Technologies, through its wholly owned subsidiary Quintek Services, Inc. (QSI), delivers 21st-century Business Process Outsourcing (BPO) services and solutions that enable organizations of any size to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO computer applications and Information Lifecycle Management (ILM).
Quintek provides a range of mission-critical information and document-management solutions to organizations in document-intensive industries, including government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The Company has built steady growth on a strategy of providing superior services and solutions, and continues to exploit the steadily increasing growth in BPO and ILM marketplaces; the Aberdeen Group, a provider of IT market intelligence, forecasts 13% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion. For more information, visit http://www.quintek.com
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Safe Harbor Statement
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, 2004 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.