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Quintek
Technologies, Inc. (OTCBB: QTEK) |
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Dear Reader,
Welcome again to another installment of StockUpTicks!
Today, we have an encore of a sort as one of our most popular
profiles ever has returned to grace our pages. Better yet, today’s
mailing is graced by both news and new research
coverage, which has been made available to you, our dear
reader.
We know from reader mail and other criteria that Quintek
Technologies Inc. (OTCBB:QTEK)
is heavily followed among our growing constituency of over one
million investors and we hope to continue to bring you information
about what’s happening with and for this interesting stock play.
Today, we recommend you peruse both their news and the research
on QTEK that has been made available to you. If you wish to re-read
our detailed profile on Quintek please click
here to view it.
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Today's Breaking News** |
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Press Release
Source: Quintek
Technologies
Thursday November
13, 8:00 am ET
Quintek Announces
Completion of
Financial
Restructuring
CAMARILLO,
Calif., Nov. 13, 2003 (PRIMEZONE) -- Quintek Technologies, Inc.
(OTC BB:QTEK.OB - News), today announced that it has
obtained agreements to restructure roughly $600,000 of its outstanding
liabilities.
Agreements have been put in
place to reduce outstanding convertible debt from over $342,000
to roughly $75,000. These agreements represent a reduction of
more than 75% in outstanding convertible debt.
[Click
Here to read the entire release]
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Analyst
Coverage |
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Analyst John Fowle of JF Research has done an outstanding job
of distilling Quintek's exciting story into an informative, "must-read"
research report. While we endeavor to be an information
conduit rather than an opinion-based publication, we delight in
bringing you ALL the information available especially regarding
companies we are actively featuring in StockUpTicks. You
will find a very brief excerpt below from the research report
just to whet your appetite. We encourage you to click
here or on the link below to read the entire 6-page
report in order to get a full overview on this unique and
compelling company.
Excerpt from the Research Report
by JF & Company:
COMPANY OVERVIEW
Quintek is the only manufacturer of a chemical-free desktop
microfilm solution. The company currently sells hardware,
software and services for printing large format drawings such
as blueprints and CAD files (Computer Aided Design), directly
to microfilm. Quintek does business in the content and
document management services market, forecast by IDC Research
to grow to $24 billion by 2006 at a combined annual growth rate
of 44%. Quintek targets the aerospace, defense and AEC
(Architecture, Engineering and Construction) industries.
HIGHLIGHTS
>Successful Turnaround
In January of 2003, the company brought on new senior management
to assist in refocusing the business and rebuilding shareholder
value through aggressive new sales efforts.
>Strategic Advisory Board
In an effort to enhance the knowledge base for new management,
Quintek added Bob Zagami and six others business and industry
representatives to their Strategic Advisory Board. Mr.
Zagami has over 30 years of experience in the Document Management
Industry and is well versed on the advantages and capabilities
of microfilm.
>Market Size
The estimated installed base relevant to Quintek’s product line
is 14,000 units. At a base price of $68,000, the addressable
market is roughly $950 M, in which the Company anticipates a
market penetration rate of 5% - 10%.
>Up-Selling Opportunities
The company plans to leverage their existing clientele base
in an effort to expand the sales channel. Such clients
include Boeing, TRW, PG&E, Lockheed and NASA.
>Recent Restructuring
The Company has obtained agreements to restructure roughly $600,000
of its outstanding liabilities. These agreements represent a
reduction of more than 75% in outstanding convertible debt.
To view the entire report in Adobe Acrobat (pdf)
format Click
Here
To download a free version of Adobe Acrobat Reader for
PDF files,
click on the image below.
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Quintek
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including those pertaining to estimates and related plans, potential
mergers and acquisitions, estimates, growth, establishing new markets,
expansion into new markets and related plans other than statements
of historical fact, are forward-looking statements subject to a
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accuracy, completeness or correctness. Past performance
is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as
the basis for any investment decision. MP
has been compensated $19,000 by QTEK for preparation and distribution
of this report and other advertising services. This constitutes
a conflict of interest as to MP’s ability to remain objective
in its communication regarding the subject company. Write
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contains forward-looking statements and is subject to significant
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