LOS ANGELES, March 16, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it has named Robert Brownell to serve as its President. Brownell will be responsible for expanding Quintek's sales staff and assisting the Company in developing new lines of business.
Brownell brings over 25 years of industry sales and management experience to Quintek. His primary goal will be to recruit and organize a highly talented team of sales professionals to positively impact revenues from new lines of business.
Most recently, Brownell served as Senior Vice President, of ImageMax, Inc, (OTCBB:IMAG) directing their Western Region sales and production efforts generating roughly $15 million per year. Brownell also led and assisted with negotiations between ImageMax and a number of strategic partners that supported sales, offshore BPO, VARS and integrators. Brownell has also served as Regional Vice President for LASON Systems, Inc., a $500 million dollar international sales organization. Prior to LASON, Brownell was Vice President of Worldwide Channel Sales for Document Control Solutions, Inc., where he was responsible for directing the company's sales and marketing, administrative infrastructure, project managers and sales engineers. Brownell was previously named FileNet Dealer-of-the-Year for exceeding assigned quota in the Southwest Region.
Robert Steele, Quintek chairman and CEO commented, "We chose Bob Brownell as our new President because he has demonstrated his commitment to continuous innovation in providing high-quality products and services to our industry and he shares our vision as to the changing needs of our customers and our market." Steele added, "He also has experience directly relevant to our growth strategy. Previously in his career, he has successfully been involved in executing similar growth strategies. With Bob as a part of our team, we feel that we will be uniquely positioned to respond to trends and customer requirements that our competitors may be missing."
Andrew Haag, Quintek's CFO stated, "Quintek has spent the past year positioning itself for its business expansion efforts. We have attracted solid financing partners, rekindled and expanded dealer relationships and added new products and services. Haag further commented, "Over the past few months Quintek has worked with a number of its advisors and consultants, having considered many opportunities to expand our revenues. We are highly confident that Mr. Brownell will be a key figure in ramping up our sales efforts while we continue on the path toward rapid growth and profitability."
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.