Biotech News <<< Mailing List
Biotechnology News <<< Discussion Forums
[ biotech news ] Quintek to Deliver Services Nationally to Major Biotechnology Company With Annua
Quintek to Deliver Services Nationally to Major Biotechnology
Company With Annual Sales of $12 Billion
http://groups.yahoo.com/group/biotech-news/
Quintek Technologies, Inc. (OTC BB: QTEK), a global provider of
Business Process Outsourcing (BPO) and best-of-breed technology
consulting services, today announced that it has received a signed
agreement to deliver services nationally to a major biotechnology
company.
This agreement represents additional business resulting from
Quintek's previously disclosed relationship with a $29 billion
international transportation, e-commerce and business solutions
provider. The end user of the services is a biotechnology company
generating roughly $12 billion a year in revenues, engaged in the
discovery, development, manufacture, and marketing of human
therapeutics based on advances in cellular and molecular biology.
Quintek received the additional business after providing services to
this company for over six months.
Effective immediately, Quintek will expand from 1 to 4 sites,
providing services throughout the US for this customer. Quintek
estimates that billings should increase significantly from this
newly executed agreement. "The additional business should increase
revenues from this account by over 100%. The annual estimated run
rate of $216,000 should grow to roughly $504,000," commented Andrew
Haag, CFO of Quintek. "This additional business, from an existing
customer, is a strong vote of confidence."
Robert Steele, CEO of Quintek stated, "This is a solid agreement,
with fixed monthly minimum billings." He added, "We are currently
delivering services for several multi-billion dollar customers that
are leaders in their industry; we plan to grow the business around
this model."
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTC BB: 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outdated information technology systems, and thus is able to deploy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. 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.
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, 2005 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 of 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.
http://www.quotesquotes.com/
http://www.perceptionofdifference.com/
http://groups.yahoo.com/group/famous-quotes-/
http://www.arizonabiotech.com/
http://www.arizonabiotech.com/
<a href="http://www.arizonabiotech.com/">Arizona Biotech</a>
http://groups.yahoo.com/group/biotech-news/
<a href="http://groups.yahoo.com/group/biotech-news/">Biotech News</a>
http://www.arizonaentrepreneurs.com/
<a href="http://www.arizonaentrepreneurs.com/">Arizona Entrepreneurs</a>
http://www.azhttp.com/
<a href="http://www.azhttp.com/">Arizona High Tech</a>
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/biotech-news/
<*> To unsubscribe from this group, send an email to:
biotech-news-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/

