MISSISSAUGA, Ontario, April 12, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter; this one discussing Quintek Technologies, Inc. (OTCBB:QTEK), its industry and future prospects.
Wilkins notes that 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. Forester Research estimates that the market for BPO services will grow at a CAGR of 66% from $19 billion in 2004 to $146 billion in 2008. This rapid growth is driven by the recognition that going forward, process improvement, not more information technology, increases profitability.
Wilkins also points out that The Institute for Policy Studies released a report saying that top executives who outsource are making 46% more than their counterparts who do not outsource. Leading the way in outsourcing are leaders like United Technologies (NYSE:UTX) and Citigroup (NYSE:C) among others listed in the report.
One company capitalizing on this is California-based Quintek Technologies, Inc. (OTCBB:QTEK), a leader in document management services, specializing in back office solutions for a number of paper-intensive marketplaces. The company recently announced its sales pipeline had increased to more than $27.9 million in signed or near-closed contracts, with another $19.3 million in potential business identified in its sights. The Company has also recently signed agreements with a number of multi-billion dollar corporate partners and multi year corporate customers.
The full version of this special report on Quintek Technologies, Inc. can be found at:
http://www.allpennystocks.com/apsc/us/article/qtek_april_12_2005.htm
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Quintek Technologies, Inc. (OTCBB:QTEK), the compensation is twelve thousand five hundred dollars in March 2005 and twenty one thousand five hundred dollars in April 2005 by the company. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/qtek.htm.