LONDON, July 14, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced today Quantech's successful launch of its new product line focusing on technological developments for the online gaming industry.
Quantech, developer of cutting-edge web-based communication technologies, has decided to leverage its experience in the development of technologies and tools specifically tailored to the marketing needs of online gaming websites. Quantech developed technologies and software packages that enhance the effectiveness of web-based marketing, and will offer web-based marketing services to its clients.
The online gaming market is one of the fastest growing global web-based markets, driven by higher PC penetration, increased adoption of broadband Internet, and the increased usage of video game consoles online. Gaming has become a mass-market entertainment industry on a par with TV, movies and music as consumers begin to view gaming sites as one-stop-shop entertainment platforms. Market research from Jupiter (www.jupiter.com) predicts the online gaming market will be worth $2.55 billion in 2006, reflecting an exciting growth rate. Of all gaming activities, online gambling sites attract a record number of players. As broadband internet access and disposable income rise globally, this market is expected to constantly develop and broaden its appeal to a growing range of customers.
The U.S. is the world's biggest gaming market with 30 million monthly visitors. Germany is Europe's biggest market with 6 million, while Spain and Italy tripled their audiences over the last year. Currently 15% of European online consumers and 46% of U.S. online consumers play web-based games. In the next two years Forrester (www.forrester.com) predicts that another 4% of households will have taken up gaming in both the U.S. and Europe. Analysts at market research firm DFC Intelligence (www.dfcint.com) have issued a new 750-page report, The Online Game Market, forecasting that the worldwide online game market will grow to more than $13 billion in 2011.
"The online gaming market is one of the most exciting web-based markets today. Quantech will use its expertise in innovative consumer behavioral modeling and motivation systems to design specific technologies for the online gaming market, to help gaming websites design the most effective game variables and capture potential users. To this end, Quantech is in the advanced stages of forming a strategic alliance with one of the world's largest online gaming companies in the world and we expect to release information to the public on significant progress in the near future," notes Liat Matislsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the U.K. 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. The company's client base includes medium to large sized businesses, as well as start-ups.
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