Quintek Technologies (QTEK)

'Revenues for the quarter ended Dec. 31, 2004, rose 314% over the same quarter of 2003.'

Press Release: Quintek Sales Pipeline Expands More Than 200 Percent to $27.9 Million With an Additional $19 Million in 'On the Radar' Deals

QTEK, a provider of 21st-century Business Process Outsourcing and document-management services that raise efficiency and lower costs for data-intensive industries, today announced substantial growth of its identified sales pipeline to more than $27.9 million in signed or near-closed contracts. Robert Steele, Quintek CEO, made the announcement.

Quintek also reported an additional $19.3 million in potential business that has been identified and is in their sights. The sales pipeline refers to business through the Company's wholly owned subsidiary Quintek Services Inc. (QSI).

In the nine months since Quintek last disclosed its projected revenue figures, the Company has increased the size of the sales pipeline by more than 200%. It has converted more than 50% of the value of the previously disclosed pipeline into closed deals. Additionally, the more than $19 million is expected to start maturing in the coming months, representing further dramatic potential revenue increases.

To view the Full Press Release please visit http://biz.yahoo.com/pz/050318/74785.html

Approximate Shares Outstanding: 79.8M

 Market Cap: $8.8M

 Recent Price: $0.11

Website:  www.quintek.com

QTEK Investment Highlights

• Rapid revenue growth outlook projecting triple-digit percentage growth
• Identified sales pipeline totaling nearly $28 million (as of 1Q 2005)
• Additional $19 million in 'On the Radar' deals
• BPO is a huge and fast growing industry expected to reach $146 billion within three years
• Solid multi-billion dollar customers with long-term, multi-year service agreements
• History of increasing stock value from 2003 to present
• Strong management team with background in finance, corporate development and specific industry focus

Overview

Quintek Technologies, through its wholly-owned subsidiary Quintek Services, Inc. (QSI), delivers 21st-century Business Process Outsourcing (BPO) services and solutions that enable organizations of any size 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 As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO computer applications and Information Lifecycle Management (ILM). Quintek provides a range of mission-critical information and document-management solutions to organizations in document-intensive industries, including government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The Company has built steady growth on a strategy of providing superior services and solutions, and continues to exploit the steadily increasing growth in BPO and ILM marketplaces; 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.

Profile

Quintek Technologies, Inc., is a leading provider of Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions. Through wholly owned subsidiary Quintek Services, Inc. (QSI), the Company offers highly customized services and solutions, using best-of-breed technology, to a range of organizations, including Fortune 500 and Russell 2000 companies, and public sector organizations.

Over the past several months, the Company has executed a number multi-year service agreements with several Multi-Billion dollar industry leaders within their targeted industries. This is solid validation of the execution of their business plan and the team they have assembled.

QSI transforms processes through sophisticated, best-practices workflow solutions that are flexible and scalable for any size company, delivering higher efficiencies and lower overhead. QSI solutions allow customers to focus on their core business while reaping the benefits of QSI's expertise of outsourced, efficient and cost-effective data collection and secured storage solutions. QSI's processes encompass the digitizing, indexing and uploading of source documents and data through customer-specific, rules-based decision making.

The Company's solutions and services enable organizations to provide top information security and management of mission-critical information. The worldwide push to transfer traditional paper-based processes and data into digital solutions is fueling huge growth in the worldwide business process outsourcing market. Outsourcing BPO operations provides substantial, measurable benefits quickly. As a BPO services provider, QSI enables document intensive organizations to improve efficiencies through multi-tiered services offering end-to-end solutions, effectively scaled for specific clients.

Quintek's business model is based on providing industry-wide best practices, skills, and technology that provide access to proprietary workflow systems, process re-engineering skills, and innovative staffing and delivery models, combined with world-class technology delivered by experts. QSI's services allow companies to transfor large upfront fixed costs with heavy costs of operation into more manageable variable.

Industry Drivers

• BPO market expected to grow from $19 billion in 2004 to $146 billion in 2008, representing Compound Annual Growth Rate of 66%
• Paperwork propagation continues to outpace digital technology solutions, fueling continued demand for data capture, transfer and storage
• Government mandated compliance requirements, such as HIPAA and Sarbanes-Oxley, drive need for advanced document and business process management solutions

Business Strategy

• Serve unmet market demand as next-generation BPO provider with a national presence that remains scalable to handle small or large contracts
• Achieve rapid revenue growth with sell-through relationships with major sales partners such as FedEx, Kinko's, Iron Mountain and others.
• Attract top experienced BPO professionals and maximize staff retention with more attractive stock option incentives than competitors
• Expand customer base through partnerships with large organizations that provide a complementary BPO solutions
• Provide best-practices for advanced, high-margin BPO services, including Level Two and Level Three services involving complex data capture from multi-page forms, managed by professionals trained in specific customer industries

Recent News and Press Releases

Quintek Sales Pipeline Expands More Than 200 Percent to $27.9 Million With an Additional $19 Million in 'On the Radar' Deals

Quintek to Present at the National Investment Banking Association Conference (NIBA) February 24th and 25th in Miami

Quintek Technologies Discloses Detailed Analysis of Company's Recent 10Q Filing

Quintek Technologies Revenue Increases 314% for Quarter Ending Dec. 31, 2005

Technology Industry Veteran to Join Quintek Advisory Board

QSI to Market Automated Accounts Payable Solution for Fortune 500 and Russell 2000 Companies

Management Team

Chairman & CEO-Robert Steele

Mr. Steele assembled and led the team that created iBrite, Inc. a wireless / mobile software company, where they raised two rounds of financing and established contractual partnerships with AOL and Global Knowledge. Prior to that, Mr. Steele and two co-Founders, grew CADD Microsystems, Inc., (CMI) to be the number-one provider of Computer Aided Design (CAD) software, training and consulting services to the Federal Government. Mr. Steele has sold and managed systems integration and consulting projects for the design, engineering departments and information management departments of major clientele such as; ABB, Lucent Technologies, The Marmon Group, Federal Aviation Administration (FAA), General Services Administration (GSA), and the National Reconnaissance Office (NRO).

President-Bob Brownell

Brownell brings over 25 years of industry sales and management experience to Quintek. His primary goal is to recruit and organize a highly talented team of sales professionals to positively impact revenues from new lines of business.

Most recently, Brownell served as Senior Vice President, of ImageMax, Inc, (OTCBB: IMAG) directing their Western Region sales and production efforts. Brownell also led and assisted with negotiations between ImageMax and a number of strategic partners that supported sales, offshore BPO, VARS and integrators. Brownell has also served as Regional Vice President for LASON Systems, Inc., a $500 million dollar international sales organization.

Prior to LASON, Brownell was Vice President of Worldwide Channel Sales for Document Control Solutions, Inc., where he was responsible for directing the company??™s sales and marketing, administrative infrastructure, project managers and sales engineers.

Brownell was previously named as FileNet Dealer-of-the-Year for exceeding assigned quota in the Southwest Region.

CFO-Andrew Haag

Mr. Haag has over 10 years experience in the investment banking industry. Mr. Haag began his career on Wall Street at Drexel Burnham Lambert in 1987. Mr. Haag established a West Coast presence for Auerbach, Pollock & Richardson a small-cap investment bank. Mr. Haag assisted in the development of the firm, attracting and referring new hires and clients to all offices, set up and managed road shows and assisted in the structuring and funding of offerings for corporate clientele. Mr. Haag has advised and assisted numerous small public and private companies in securing more than $50 million in capital.

Contacts

Corporate Headquarters:
17951 Lyons Circle
Huntington Beach, CA 92647

Andrew Haag, Chief Financial Officer
Phone: (714) 848-7741 ext. 14
E-Mail: ahaag@quintek.com

Investor Relations:

Trilogy Capital Partners
Paul Karon
Phone: (800) 342-1467

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SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Quintek Technologies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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