LONDON, May 24, 2006 (PRIMEZONE) -- The CEO of Quantech Electronics Corporation (Pink Sheets:QTCE), Ms. Liat Matilsky, takes this opportunity to give you a brief update on Quantech's latest developments:
"Following the reverse merger and acquisition of IDK UK, Quantech Electronics Corp. is now uniquely positioned to extend its penetration into the web-based advertising market with a new, dedicated staff of innovation-oriented developers and marketing professionals.
"Quantech has developed a comprehensive range of unique, cutting-edge technologies to help its clients optimize their web-based business marketing and advertising communications. Quantech has gradually expanded its range of products and services to offer clients solutions that are sophisticated yet easy to use, understand and exploit and most important, are highly cost-beneficial. Quantech's multi-dimensional Tech Package enhances the effectiveness of all types of online marketing, advertising and promotional campaigns using its unique pinpointed targeting technologies. With our creative technologies, companies can derive greater value from every web-based advertising dollar they spend.
"With our results-oriented philosophy, Quantech has started building marketing partnerships with major corporations in its primary sectors, especially in the call-center and cellular markets. Vodaphone, 02, Verizon in the US, and NTT DoCoMo in Japan are some of our potential clients.
"It is a very exciting time in this huge, steadily growing industry and we plan to capture a leading position in this high-growth market. With total U.S. spending for online advertising now estimated by the Gartner Group to top $18.8 billion by 2008, there is unlimited growth potential for Quantech's modular solutions that fit customers' needs for today and tomorrow. Therefore, our strategy is to continue developments to reinforce our position at the forefront of technological development, and continuously expand our alliances with the world's best companies to help our stockholders realize significant value on their investments in a foreseeable horizon."
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call-center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk.