SEATTLE, Nov. 11, 2004 (PRIMEZONE) -- Dr. Joseph de Beauchamp of World Financial News Network has initiated coverage of Quintek Technologies (OTCBB:QTEK), providing favorable analysis of Quintek as a company offering solutions to document intensive industries such as healthcare and financial services. The solutions and services the company provides enable organizations to secure and manage their information and document business processes more efficiently.
WFNN consistently outperforms established industry benchmark indicators. Based on in-depth research and analysis, their analysts recommend securities worldwide showing the highest probability for stock price appreciation. With constant vigil, WFNN looks for economic opportunities in the private and public company sectors.
Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst stated, "The Company recently announced a major step towards increasing revenues. WFNN sees this development as extremely positive for Quintek."
On July 16, 2004 Quintek Services, Inc. (QSI), a wholly-owned subsidiary of Quintek Technologies, Inc., entered into a Master Services Agreement (MSA) with a large mortgage corporation, a wholly owned subsidiary of a Fortune 50 Corporation, under which QSI shall provide the client with document imaging scanning services for loan documents in scope and amount estimated to be $5,136,000.
Dr. Beauchamp added, "WFNN thinks this stock will move to $2.00 and earn a penny per share in the next twelve months. Longer term this stock looks as if it could move to $5.00."
For more information on this new, dynamic company, please visit http://wfnn.info.
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About QSI
QSI delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as government, public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing. The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. 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.