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Quintek
Technologies, Inc. (OTCBB: QTEK) |
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Dear Reader,
Lately it just seems like Quintek Technologies (OTCBB:QTEK),
is on a roll. This long-standing client of StockUpTicks
is really coming on strong with the kind of news and real
results that investors looking for quality and value are
seeking. Take a look at the news below as Quintek takes
yet another great stride. And "stay tuned" as they say - this
company seems to have success within its reach.
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Breaking News** |
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Press Release
Source: Quintek
Technologies; ImageMax, Inc.
Tuesday September
2, 9:00 am ET
Quintek Technologies,
Inc. Signs New Dealer
CAMARILLO,
Calif. September 2, 2003 (PRIMEZONE) -- Quintek Technologies,
Inc. (OTCBB:QTEK.OB - News), the only manufacturer of a patented
chemical-free desktop microfilm solution, announced that on August
26th, Document Management Solutions, Inc, (DMS), a service bureau
located in Anderson IN, agreed to begin selling products under
Quintek's new Dealer Sales Agreement, announced August 1, 2003.
DMS's client roster
includes Sony, Ely Lilly and Banc One. DMS has recently increased
their sales force by roughly 300% to accommodate increasing demand
for the products they sell. DMS will begin selling Quintek's products
immediately.
Tom Martin, CEO
of DMS stated, "This unit is an amazing piece of hardware and
an asset to any company that deals in aperture cards." Martin
was formerly with Bell and Howell, Inc., a company specializing
in microfilm products. In 2001 Eastman Kodak (NYSE:EK - News)
completed an acquisition of substantially all of Bell and Howell's
imaging business for $135 million.
Also on board
under Quintek's new "Dealer Sales Agreement", is ImageMax, Inc.
(OTCBB:IMAG.OB - News). Located in Fort Washington PA, ImageMax
has offices throughout the country. The Company has sold a number
of products for Quintek in recent months.
ImageMax will
be conducting an Open House event September 25th, the second such
event this year, featuring Quintek's new Q4400 aperture card printing
system. Quintek will release a press announcement providing more
detail shortly.
ImageMax and DMS
together generate annual revenues of over $40 million dollars
per year through their respective businesses.
Robert Steele,
Chairman and CEO of Quintek stated, "We look forward to continuing
our support of ImageMax, including their open house events, and
our entire dealer network in their efforts to increase corporate
exposure and grow sales." He added, "Now that we have created
the footprint of how Quintek plans to grow, we will continue to
sign new dealers, and make every effort to contribute to their
success."
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 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 1-866-EASY-IRM
Direct (949) 497-6684
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 $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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