Quintek
Signs Agreement with the Largest Dental Credentialing Verification Organization
in the World to Provide Document Imaging Services
HUNTINGTON BEACH, Calif.,
January 07, 2006 -- Quintek Technologies, Inc. (OTC BB:QTEK.OB),
a global provider of Business Process Outsourcing (BPO) and best-of-breed
technology consulting services, today announced that it has signed an agreement
to provide document imaging services to VerifPoint. VerifPoint and its parent organization, CreDENTALs, form the
largest dental credentialing verification organization in the world.
Robert Steele, Quintek CEO
stated, “We are excited that VerifPoint chose Quintek to handle their document
imaging needs. We feel that our two organizations
have complementary business models and believe that together we can grow
revenues and provide quality services to our customers.” He added, “Quintek is truly fortunate to
have been chosen by VerifPoint. We look
forward to helping them offer additional value-added services to their
clients.”
Richard Ryan, President and
CEO of VerifPoint commented, “CreDENTALs was looking to broaden its customer
offerings, which led us to Quintek. As
the largest dental credentialing organization in the world, we need a partner
who can provide the level of service and support our 750,000 plus practitioners
have come to expect. The broadening of
our offerings and added value this partnership will bring to our customers is exciting.”
About VerifPoint
VerifPoint evolved from nationally recognized CreDENTALs. Founded in early 1996, CreDENTALs has become the largest Dental credentialing verification organization in the world. Due to the administrative cost constraints in the dental benefits industry (compared to those in medicine), CreDENTALs was forced to create an efficient, automated system of credentialing. Having dominated the Dental credentialing market, CreDENTALs leverages its highly automated, efficient, credentialing system and expertise into all areas of healthcare practitioner verification and data / image management. The result is - VerifPoint.
About Quintek Technologies, Inc.
Quintek Technologies, Inc.
(OTC BB:QTEK.OB),
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, 2004 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.
Source: Quintek Technologies, Inc.
CONTACTS: Quintek Technologies, Inc.
Andrew Haag Chief Financial Officer(714) 848-7741, Ext. 14ahaag@quintek.com Communications:
Cinapsys, Inc.Mark Moline(760) 458-4899mark@cinapsys.com