DimiTel Releases Version 4.0 of Its Billing System


DENVER, Sept. 2, 2004 (PRIMEZONE) -- Quantech Electronics Corp (Pink Sheets:QANT), through its wholly owned subsidiary DimiTel Ltd, announced the release of version 4.0 of its VoIP Billing System. Currently several tier one operators are trialing the system to replace their own existing billing systems.

The DimiTel Billing System is a proprietary billing solution designed for VoIP platforms. It provides the ability to create customers tariffs, tariff-plans alongside user groups and user management features, which turn it into a Virtual Telco Billing System, enabling the owner to provide billing services to multiple resellers and distributors. An extremely versatile and flexible system, Version 4.0 incorporates full deposits and settlement accounting.

DimiTel Ltd has extensive knowledge about the difficulties carriers are facing during the evolution from legacy networks to VoIP based networks and thus is able to provide comprehensive solutions on an outsource basis. Such an outsourced solution can potentially include end-to-end management of the carrier's VoIP network, including global VoIP interconnection relationships, and establishment of inter-carrier connectivity.

According to the Managing Director of DimiTel Ltd, Rony Cohen, "Version 4.0 of our billing system has created a lot of interest in the Telco industry. So far trials have been very successful."

About DimiTel Ltd

DimiTel has based its business and technology upon its founders' experience in the mobile applications and mobile billing systems. DimiTel's products range from VoIP wholesale billing and routing systems to complex Virtual PBX networks. This enables clients and distributors to implement switching and billing systems, tailored to their needs.

DimiTel's platforms are commercially proven in multi-vendor operations, and are used with more than 20 leading Telecom operators, calling card operators and partners -- such as China Unicom, North West Telecom, Bezeq Int. DimiTel currently operates 3 major POPS worldwide.

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.



            

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