Quantech Electronics Faces Additional Calling Card Service Contracts


LONDON, Jan. 5, 2005 (PRIMEZONE) -- Quantech Electronics Corp (Pink Sheets:QANT), through its wholly owned subsidiary DimiTel Ltd, reports unprecedented response to its announcement yesterday of a tier-one carrier agreement with Internet Gold in Israel.

Following yesterday's announcement, several carriers and clients from Europe have approached Dimitel's management asking for immediate proposals for utilizing its state of the art SIP based calling card facility.

About DimiTel Ltd

DimiTel has based its business and technology upon its founders experience in the mobile applications and billing systems. DimiTel's products range from VoIP whole sale billing systems to complex calling card and callback systems. This enables clients and distributors to implement switching and billing systems, tailored to their needs. DimiTel's platforms are commercially proven in multi-vendor operations, and are used with more than 20 leading Telecom operators, calling card operators and partners - such as China Unicom, CK Group, Bezeq Int.

Safe-Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. QANT's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors not under the control of QANT including but not limited to, market conditions, level of investment on technology, changes in operating conditions and costs, technology developments, etc. QANT assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it was made.



            

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