LONDON, May 26, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE) announced today that it is in advance negotions with a leading UK insurance company for the sale of its new marketing package. Quantech has tailored a software package to the unique needs of medium- and large-sized insurance companies. Beta tests are scheduled to begin in the near future with several large insurance companies in the UK and the U.S.
Quantech's planned package offers superior capabilities for marketing new insurance products based on unique control and contact options with existing customer profiles. For each newly developed product or modification to an existing insurance product, Quantech's new system will scan the company's customer base and highlight customers whose profiles match the new product benefits.
The new system will enhance efficiencies of customer development by pinpointing potential customer base for each new product, and will guarantee that insurance companies consistently offer their customers the best fit of products to their needs.
"Our new system builds on the well-known fact that marketing to an existing customer base is much less costly than capturing new clients. The new system will help insurance companies save time and money in identifying the potential customers for each new development, from their own customer base. In this way, insurance companies will improve both sales and customer service experience," explains Liat Matilsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk.