Quantech Electronics Signs New Agreement with SpinTEK in Turkey


DENVER and LONDON, Feb. 24, 2005 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QANT) through its wholly owned subsidiary DimiTel Ltd., the experienced voice system developer and voice billing provider, has announced that it has signed an agreement with Spin Technology Communications in Turkey following the successful installation and operation of a trial system.

Quantech, through its partnership with YamaTel, will be supplying SpinTEK, a leading Integrated Network Systems Provider, with an ITSP (Internet Telephony Service Provider) Solution. SpinTEK will be using the solution to sell the ITSP telephone adaptors to consumers and businesses in the Turkish Market. YamaTel, a Telecom Marketing and Consultancy Company, will support the ongoing operation in Turkey.

Quantech offers the ITSP Solution as an all inclusive telephony service that utilizes broadband internet connections and runs alongside or can actually replace an existing phone service. With the advent of ever-improving VoIP voice quality and an increasing adoption of broadband in both homes and businesses Quantech has taken the opportunity to develop its Internet Telephony Service Provider (ITSP) solution. The service will offer the Turkish Market low cost, high quality calls from PCs to both regular and mobile phones anywhere around the world and the service offers the ability to enjoy the privilege of making free phone calls from adaptor to adaptor. Additionally, the service will include the offer to subscriber's of incoming phone numbers from Germany, the U.K. and the U.S. as part of the ITSP package.

"The ITSP Solution is the next step to a converged phone and data environment," said the Managing Director of DimiTel Ltd., Mr. Rony Cohen, "and we are very happy to be expanding our presence in the Turkish market."

Through YamaTel's agreement, Quantech will supply SpinTEK with not only the equipment, but also continuing services and termination through their worldwide network of operators.

About DimiTel Ltd. DimiTel has based its business and technology upon its founders experience in the mobile applications and mobile and voice billing systems. DimiTel's products range from VoIP whole 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 International.

About YamaTel Ltd.

YamaTel Ltd. is a marketing expert in the discipline of Telecom Services and Value Added Services, such as Calling Card, CallBack, Web CallBack, Content for Cellular operators and ASP, Wholesale and Smart VoIP solutions.

YamaTel projects meet the continuing needs of preferred potential customers around the world, by delivering time sensitive critical information and custom fit solutions, using a high end technology and an access to a valuable host of resources and clientele.

About SpinTEK

Spin Technology is a young, dynamic company providing full IT network solutions. SpinTEK strongly believes that communication and the exchange of information via networks demand an extensive infrastructure.

Spin Technology is a team of people dedicated to help their customers achieve their goals through the use of Information Technology Network. This includes network design, system integration, consultancy, project management.

SpinTEK provides these solutions for government institutions, private institutions, industrial manufacturing, TELCO and multinational companies' networks.

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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