DENVER, May 5, 2004 (PRIMEZONE) -- Quantech Electronics Corp (Pink Sheets:QANT), through its recently acquired wholly owned subsidiary DimiTel Ltd, announced today that its Board of Directors is currently considering the possibility of a 5 for 1 forward stock split of the common share capital of the company. If the forward stock split is approved and implemented, each shareholder will receive 4 additional common shares of QANT for each common share held.
About DimiTel Ltd
DimiTel's products range from VoIP wholesale billing systems to complex calling card and SMS-callback systems. This enables clients and distributors to implement switching and billing systems, tailored to their needs. Dimitel's platforms are field proven in multi-vendor operations, and are generating revenues for the company from commercial use by more than 20 leading Telecom operators, calling card operators and partners. It was recently acquired in full by QANT.
For more information: www.dimitel.com
Safe-Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. QANT's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors not under the control of QANT including but not limited to, market conditions, level of investment on technology, changes in operating conditions and costs, technology developments, etc. QANT assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it was made.