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Quintek
Technologies, Inc. (OTCBB: QTEK) |
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Dear Reader,
As I scanned today’s news from Quintek Technologies, I
stumbled across a fact that had somehow evaded me. It wasn’t as
obvious to me as it should have been but in the context of the
last few days of perilous home computing this quote stood out:
"The threat of power outages, computer viruses
and cyber terrorism supports the need for critical information
to be backed up in long-term human-readable, future-proof formats,”
said QTEK CEO and President Robert Steele.
For whatever reason - and I was quite aware that QTEK was
the only producer of a chemical free desktop microfilm solution
- I hadn’t seen all the immediate benefits of their unique technology.
But the last few days of virus attack after virus attack have
altered my personal brand of apathy. Data must be protected
and I completely agree with the good CEO that critical information
preserved in a manner that can be read by humans could someday
prove invaluable.
In an era where stability is a fleeting, vulnerable state of
being and information often priceless and irreplaceable, QTEK’s
technology may be the most efficient solution on the market.
Sadly, it took a computer virus on my home P.C. for me to see
it.
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**Today's
Breaking News** |
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Press Release
Source: Quintek
Technologies; ImageMax, Inc.
Tuesday August
26, 9:00 am ET
Quintek Technologies,
Inc. Announces Initial Sale
From ImageMax
Open House
CAMARILLO,
Calif., August 26, 2003 (PRIMEZONE) -- Quintek Technologies, Inc.
(OTCBB:QTEK.OB - News),
the only manufacturer of a chemical-free desktop microfilm
solution, announced that it has been advised by ImageMax, Inc.
(OTC BB:IMAG.OB - News), that a client is processing paperwork
on the first sale from the Engineering Open House held by ImageMax
in late June.
This will be the
third sale by ImageMax of a Quintek system in less than eight
months. Quintek is pleased to announce that it is expanding the
relationship with ImageMax by furthering support of their sales
efforts. Quintek will assist ImageMax in another seminar, which
will be held at the Marriott Courtyard in Manchester, Connecticut
on September 24, 2003. Both companies feel strongly that such
events will help build awareness of Quintek products and services,
and result in significantly expanding sales.
Bob Zagami, Northeast
Regional Sales Vice President for ImageMax, stated, "We are excited
about the new management team at Quintek and the product improvements
that have been made this year. The Quintek aperture card plotter
allows companies to dismantle their legacy 35MM microfilm systems
and produce their cards automatically from scanned raster images
or CAD generated vectorized files." Zagami added, "The cost
savings are significant when a company can computerize this last
manual process that remains in the engineering reprographics department."
Zagami, also a
member of the AIIM International (The Association for Information
and Image Management) Board of Directors noted, "The important
thing to remember is that aperture cards are a vital and critical
information management tool in todays automated and computerized
work environments. Quintek completes the marriage of microfilm
to digital and digital to microfilm."
Robert Steele,
Quintek's President and CEO commented, "The threat of power outages,
computer viruses and cyber terrorism supports the need for critical
information to be backed up in long-term human-readable future-proof
formats." Steele further commented that, "This is evidenced by
the fact that the Federal Energy Regulatory Commission or FERC
requires that all FERC-587 forms be submitted on aperture cards."
About Quintek
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 $2.4 billion by 2006 at a combined
annual growth rate of 44%. Quintek targets the aerospace, defense
and AEC (Architecture, Engineering and Construction) industries.
Quintek's printers
are patented, modern, chemical-free, desktop-sized units with
an
average sale price
of over $65,000. Competitive products for direct output of computer
files to microfilm are more expensive, large, specialized devices
that require constant replenishment and disposal of hazardous
chemicals.
About ImageMax
ImageMax is a national
provider of document management services and products that
enable clients
to more efficiently capture, index, and retrieve documents across
a
variety of media,
including the Internet through its web-enabled document storage
and
retrieval product,
ImageMaxOnline. The Company operates from 26 facilities across
the
United States.
"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
iffer 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.
Contact:
Quintek Technologies, Inc
Andrew Haag
Chief Financial Officer
(805) 383-3914 ext. 14
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Todd Gilligan, Director
Toll Free (866) EASY-IRM
Direct (714) 542-2785
todd@cinapsys.com
Source: Quintek
Technologies; ImageMax, Inc.
StockUpTicks will continue its coverage of this intriguing story
in the days and weeks ahead and we recommend that our readers revisit
our June
03, 2003 Profile (click
here) at their earliest convenience.
Stay tuned to StockUpTicks for more info on QTEK!
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About
Quintek |
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Quintek is the only manufacturer of a desktop microfilm
printer. 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.
"Our technology facilitates an environmentally-friendly
marriage of the industry-accepted format for design document creation,
CAD, to the industry-accepted media for long-term document storage,
microfilm."
Market Projected to Grow to $24 Billion by 2006
Quintek does business in the content and document management services
market, which IDC forecast 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.
Patented, Compact, Chemical-Free
Quintek’s printers are patented, modern, chemical-free, desktop-sized
units with an average sale price of $50,000. Competitive products
for direct output of computer files to microfilm are more expensive,
large, specialized devices that require constant replenishment
and disposal of hazardous chemicals.
Unique Design Solves a Problem and Delivers Savings
In most cases aperture cards are developed with chemical-based
microfilm technology and are then assembled manually. This is
an expensive and time consuming process. Quintek’s automated equipment
solves this costly problem for this already established market
and can deliver a return on investment in less than twelve months.
Fortune 1000 Customers
For ten years, Quintek has been selling its patented “Aperture
Card” printers to Fortune 1000 customers such as Boeing, TRW,
PG&E, Lockheed, Zenith, GTE, Westinghouse, Whirlpool and Federal
and State customers such as Caltrans, NASA and the U.S. Navy.
Cheaper, Faster and More Reliable
Electronic Digital Imaging and Document Management are now mature
technologies that are widely available. However, there are some
parts of the document lifecycle where Microfilm remains the most
efficient and economical solution. Microfilm remains the best
solution for archival of large format drawings. Microfilm
is cheaper, faster and more reliable than digital systems for
distributing drawing revisions during manufacturing and construction.
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including those pertaining to estimates and related plans, potential
mergers and acquisitions, estimates, growth, establishing new markets,
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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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