Quintek Technologies, Inc. (OTCBB: QTEK) Scott Hine Named as President of Sapphire Consulting Services New Leadership Position Allows for Aggressive Penetration of Supply Chain Management Market Estimated to Reach $40.5 Billion in 2007 HUNTINGTON BEACH, Calif.–Sapphire Consulting Services, a wholly owned subsidiary of Quintek Technologies Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, has named Scott Hine to serve in the position of president of Sapphire Consulting Services Inc. This announcement comes just months after announcing a strong outlook for new business. Hine, who is a veteran of the global supply chain consulting industry, has served as vice president of Quintek, in charge of Sapphire for over a year. Additionally, he served on the board of directors for the Supply Chain Council (www.supply-chain.org) and previously served on the Aerospace and Defense Special Interest Leadership team. His extensive career has encompassed multiple leadership roles with leading Fortune 100 companies, including International Paper’s (NYSE:IP – News) Carter Holt Harvey subsidiary, JD Edwards & Co. (purchased by PeopleSoft), and PeopleSoft, which was subsequently purchased by Oracle Corp. (NASDAQ:ORCL – News). Andrew Haag, Quintek CFO, stated: “Scott has successfully led Sapphire since April 2005 to a leadership position in the Supply Chain Management (SCM) consulting business. He has been instrumental in building a multi-million dollar pipe of business, as well as winning and executing business with customers like Memorex, Alberto Culver, Wilbur Curtis, Avail Medical and more.” Haag added, “Additionally, Scott has brought to the company valuable relationships with partners like software giant Oracle Corporation.” Haag ended, “We have seen excellent results from Scott and expect that as president he will continue to deliver.” “The success of Sapphire is a direct result of Scott’s experience and tenacity,” commented Robert Steele, CEO of Quintek Technologies. “Scott has provided Sapphire with an immediate footprint in this coveted market.” Steele ended, “We expect he will add to growth and profitability as he continues the penetration into this huge and growing space.” About Quintek Technologies Inc. Quintek Technologies Inc. (OTCBB:QTEK – News), 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. 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 percent. 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 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion. 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. Contact: Quintek Technologies Inc. Andrew Haag, 714-848-7741, ext. 14 ahaag@quintek.com or Cinapsys Inc. Mark Moline, 760-458-4899 mark@cinapsys.com View the StockGuru Profile for Quintek Technologies: http://www.stockguru.com/profiles/qtek/ We Invite you to Visit the All New StockGuru Blog! Here you will find updates on all our covered companies, including Profiled Companies and StockGuru Picks. Click HERE to visit the Blog, or go to: http://stockguru.com/blog/ Disclosure: Pentony Enterprises LLC and our affiliates have been compensated $72,000 and 1.5 million shares of restricted 144 stock for profile coverage. Neither Pentony Enterprises LLC, nor our affiliates, are registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
- 19 years ago
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StockGuru Alert: Quintek Technologies, Inc. (OTCBB: QTEK) – Scott Hine Named as President of Sapphire Consulting Services
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