HUNTINGTON BEACH, Calif., Feb. 22, 2005 (PRIMEZONE) -- Quintek Technologies, Inc. (OTCBB:QTEK), a provider of 21st-century Business Process Outsourcing (BPO) and document-management services that raise efficiency and lower costs for data-intensive industries, has announced it will be a presenting company at the National Investment Banking Association's (NIBA) member conference to be held Feb. 24th through 25th in Miami, Florida.
Quintek CEO Robert Steele and CFO Andrew Haag will be attending the NIBA conference. Mr. Steele will be presenting an overview of the company's three-year strategic plan to grow revenues and increase shareholder value.
"The National Investment Banking Association affords us an excellent opportunity to tell Quintek's compelling growth story to one of the year's most important gatherings of investment bankers, brokers and other investment professionals," stated Steele. "We have already proven our ability to win significant contracts and deliver solid revenue growth and to provide customers a range of mission-critical business and document processing management services." He added, "Since we are not hindered by legacy processing systems, we are able to provide best-of-breed solutions across our entire product suite, ensuring the best quality of service at the best prices."
Haag commented, "Quintek's recent quarterly revenue report showed a 314% increase over the comparable quarter of the previous year. That growth reflected our ability to continue to sign major new contracts, and to expand our services with existing customers who have seen the value we can bring to their organizations." He continued, "We are excited about providing additional details at the NIBA conference, to convey the depth of our company, the continued rate of growth in the multi-billion-dollar BPO industry that we serve, and the strength of our strategic plans to capitalize on that industry growth."
About the National Investment Banking Association
The National Investment Banking Association (NIBA) is a national trade association of regional and independent brokerages, investment banking firms, and related capital market service providers. NIBA continues to add value to its member firms, client companies, individual and institutional investors, and to the securities industry at large by striving to be the focal point for all those dedicated to enhancing the capital formation environment for small issuers.
About Quintek Technologies Inc.
Quintek Technologies, through its wholly-owned subsidiary Quintek Services, Inc. (QSI), delivers 21st-century Business Process Outsourcing (BPO) services and solutions that enable organizations of any size to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO computer applications and Information Lifecycle Management (ILM). Quintek provides a range of mission-critical information and document-management solutions to organizations in document-intensive industries, including government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The Company has built steady growth on a strategy of providing superior services and solutions, and continues to exploit the steadily increasing growth in BPO and ILM marketplaces; the Aberdeen Group, a provider of IT market intelligence, forecasts 13% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
Safe Harbor Statement
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, 2004 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.