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Past Profile
eBlast
Quintek Technologies, Inc. (OTCBB: QTEK)
August 26, 2003.
 
Quintek Technologies, Inc. (OTCBB: QTEK)

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. 
 
**Today's Breaking News** 

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!


About Quintek

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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