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Quintek
Technologies, Inc. (OTCBB: QTEK) |
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Dear Reader,
Quintek Technologies (OTCBB:QTEK) is continuing to gain
momentum with yet another positive news announcement this morning.
StockUpTicks has provided coverage on Quintek for over a year
and we've watched this company struggle through some tough financial
times. But persistance, patience and a new determined management
team seem to be paying off in a big way!! Please take a
look at the news below.
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Breaking News** |
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Press Release
Source: Quintek
Technologies
Monday September
22, 7:00 am ET
Quintek Technologies,
Inc. Signs
'Dealer Sales
Agreement'
with Information
Handling Services (IHS)
CAMARILLO,
Calif., Sept. 22, 2003 (PRIMEZONE) -- Quintek Technologies, Inc.
(OTC BB:QTEK.OB - News), the only manufacturer of a chemical-free
desktop microfilm solution, announced that IHS has agreed to sell
its products under Quintek's new 'Dealer Sales Agreement'.
Earlier this year,
IHS assisted Quintek in moving ahead the sale of a system to Alliant
Techsystems (NYSE:ATK - News). Alliant is a $2.2 billion aerospace
and defense company with strong positions in propulsion, composite
structures, munitions, precision capabilities, and civil and sporting
ammunition.
Robert Steele,
Quintek CEO, commented, "I look forward to working closely with
IHS to roll out new sales of Quintek products. IHS's focus on
engineering intensive companies and government agencies is a great
fit for Quintek." He added, "IHS maintains a strong presence
within many large corporations and retains a high quality sales
force. Their focus on engineering intensive businesses should
greatly assist us in effectively grow our sales through IHS."
About HIS
Information Handling
Services (IHS), headquartered in Englewood, Colorado, is the leading
worldwide provider of technical content and information solutions
for standards, regulations, parts data, design guides, and other
technical information.
IHS Engineering
started in 1959 as an aggregator of vendor catalog information
for aerospace engineers. Over the last 40-plus years, IHS has
continued to collect, organize, index, distribute, and manage
engineering information for technical professionals. IHS has grown
to serve over 55,000 customers in more than 90 countries. Currently
half of the Fortune 100 companies and many government contractors
work with IHS for engineering content and information solutions.
IHS maintains relationships with more than 450 of the world's
largest Standards Developing Organizations, over 16,000 manufacturers
and key government agencies.
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.
"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 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,
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 differmaterially 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 1-866-EASY-IRM
Direct (714) 542-2785
todd@cinapsys.com
Source: Quintek
Technologies
StockUpTicks is providing continuing coverage of this fast-gorwing
company. For a review of Quintek's business plan, products
and market, please review our June
03, 2003 Profile (click
here).
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 $2.4 Billion by 2006
Quintek does business in the content and document management services
market, which IDC forecast 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.
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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and is for information purposes only and should not be used as
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has been compensated $19,000 by QTEK for preparation and distribution
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