Published:
Quintek Awarded Contract to Provide Document Imaging Services to National Healthcare Services Company
Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and
best-of-breed technology consulting services, announced today that it has
been awarded a contract to provide services to a leading southern
California healthcare solutions and services company. Quintek will
deliver document imaging services for a back-file conversion and
on-going day forward services for its customer.
The Customer develops and delivers software solutions and hosted services
to the healthcare marketplace. Their solutions and services allow clients
to be more responsive. They provide automated patient payment
responsibility and a PPO network information real-time solution to the
healthcare marketplace. Their solutions and services are currently being
utilized in over 400,000 physician locations nationwide.
James Kernan, Quintek's newly appointed CEO stated, "Quintek has worked
closely with this customer to add value to the services offered by the
customer to its clients. This has allowed the customer to enhance its
existing offering and create new revenue streams from its current
customers, thereby increasing the revenues of our customer." He added,
"Healthcare services and middle market companies represent a strong area of
growth for Quintek. As we fulfill and deliver on customer contracts we
will expand our offering and innovate new ways to be of service.
"This customer represents a perfect profile for Quintek going forward.
They are a rapidly growing, premium service provider that is looking for
ways to increase efficiencies and support growth. As we grow our
respective businesses, we expect to see the scale of contracts we receive
increase."
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTCBB: QTEK), through its wholly owned
subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting
Services, Inc., provides services to enable Fortune 500 and Global 2000
corporations to reduce costs and maximize revenues.
QSI delivers Business Process Outsourcing (BPO) services and solutions that
enable companies 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company, Quintek is unhindered by outdated information technology systems,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.
Forester Research, Inc. estimates that the market for BPO services will
grow from $19 billion in 2004 to $146 billion in 2008. Business
Insights estimated the BPO market as the fastest growing area of the IT
services sector. Growing at 8% annually it is expected to grow from $112.1
billion in 2005 to $144 billion in 2008.
Sapphire Consulting Services, Inc. offers a broad range of supply chain
management consulting services. Sapphire assists organizations to create a
higher level of customer satisfaction, enhance supply chain capability and
achieve consistent competitive advantage through reduced product cost,
reduced inventory investment and improved supply chain security. A study by
IDC found the SCM services market will expand from $26.1 billion in 2002 to
$40.5 billion in 2007, representing a
five-year compound annual growth rate (CAGR) of 9.2%
For more information, visit http://www.quintek.com.
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, 2006 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, inability to timely develop products
or services, inability to deliver products or services when ordered,
inability of potential customers to pay for ordered products or services,
and political and economic risks inherent in domestic and international
trade.
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