HUNTINGTON BEACH, Calif., May 24, 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 its wholly owned subsidiary, Sapphire Consulting Services, Inc., has entered into a Consulting Service Provider Agreement with Oracle USA (Nasdaq:ORCL), the world's largest provider of enterprise software and services.
The consulting agreement with software giant Oracle further validates Sapphire's status as a provider of best-in-class services within the multi-billion-dollar market for Supply Chain Management (SCM) services. A study by market research firm IDC estimated the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007.
Oracle is the world's largest provider of enterprise software, a family of solutions designed to enable organizations to obtain the highest value from their business systems by extracting the most up-to-date, useful, and accurate information. Sapphire's complete-solution business approach comprises best-in-class supply chain consultants, delivering best business processes, systemized through best-of-breed supply chain technology solutions.
"Sapphire's premium supply chain consulting brand, unique complete-solution approach and deep industry experience is already well-recognized among customers. The consulting services agreement with Oracle offers an important additional level of recognition of the strength of the Sapphire team," stated Scott Hine, President of Sapphire. "This strategic agreement positions Sapphire as a Preferred Consulting Partner for the Oracle E-Business Supply Chain Management suite."
Sapphire's core services include supply chain efficiency analysis, implementation toolset expertise, tailored solutions training, systems integration and dedicated support for demand-driven manufacturing organizations. Sapphire utilizes fact-based analysis to implement best-of-breed practices that deliver a tailored business solution within the right timeframe and budget, as well as enhancing a client's unique competitive value in the marketplace.
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTCBB:QTEK), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc. provide services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues.
QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies 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. 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.
Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists Organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2%.
For more information, visit http://www.quintek.com. For more investor-specific information, including daily and historical company stock quote data and recent news releases, please visit http://www.trilogy-capital.com/tcp/quintek. To read or download the company's Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/quintek/factsheet.html.
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.