Thursday, January 05, 2006 10:56:32 AM
HUNTINGTON BEACH, CA, Jan 05, 2006 -- Quintek Technologies, Inc. (OTC BB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, today announced that it has signed an agreement to provide document imaging services to VerifPoint. VerifPoint and its parent organization, CreDENTALs Services, Inc., form the largest independently owned healthcare Credentials Verification Organization (CVO) in the world.
Robert Steele, Quintek CEO, stated, "VerifPoint's dental and vision practitioner databases contain the most extensive library of practitioner information found anywhere. We are excited that VerifPoint chose Quintek to handle their document imaging needs. We feel that our two organizations have complementary business models and believe that together we can grow revenues and provide quality services to our customers." He added, "Quintek is truly fortunate to have been chosen by VerifPoint. We look forward to helping them offer additional value-added services to their clients."
Richard Ryan, President and CEO of VerifPoint, commented, "The VerifPoint organization has been looking to broaden its customer offerings, which led us to Quintek. As one of the largest healthcare practitioner credentialing organizations in the world, we need a partner who can provide the level of service and support our 1.8 million practitioners have come to expect. The broadening of our offerings and added value this partnership will bring to our customers is exciting."
About VerifPoint
Founded in early 1996, VerifPoint Services is the largest, independently owned, NCQA* certified, credentials verification organization in the Country. VerifPoint offers medical, dental, vision and other healthcare credentialing related services in all 50 states and all healthcare disciplines.
VerifPoint / CreDENTALs Services has become the leader in healthcare credentialing services by building fast, cost-effective systems of data gathering and verification management that can be adapted to meet any clients' needs. By working toward a paperless environment, VerifPoint/CreDENTALs, Inc., is able to handle large volumes of data quickly and effectively at a cost that cannot be matched either internally or by another credentials verification organization!
* The National Committee for Quality Assurance is an independent, nonprofit organization that certifies credentials verification organizations and accredits managed care organizations.
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTC BB: QTEK), 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.
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% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
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%.
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 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.
CONTACTS:
Quintek Technologies, Inc.
Andrew Haag
Chief Financial Officer
(714) 848-7741, Ext. 14
Robert Steele, Quintek CEO, stated, "VerifPoint's dental and vision practitioner databases contain the most extensive library of practitioner information found anywhere. We are excited that VerifPoint chose Quintek to handle their document imaging needs. We feel that our two organizations have complementary business models and believe that together we can grow revenues and provide quality services to our customers." He added, "Quintek is truly fortunate to have been chosen by VerifPoint. We look forward to helping them offer additional value-added services to their clients."
Richard Ryan, President and CEO of VerifPoint, commented, "The VerifPoint organization has been looking to broaden its customer offerings, which led us to Quintek. As one of the largest healthcare practitioner credentialing organizations in the world, we need a partner who can provide the level of service and support our 1.8 million practitioners have come to expect. The broadening of our offerings and added value this partnership will bring to our customers is exciting."
About VerifPoint
Founded in early 1996, VerifPoint Services is the largest, independently owned, NCQA* certified, credentials verification organization in the Country. VerifPoint offers medical, dental, vision and other healthcare credentialing related services in all 50 states and all healthcare disciplines.
VerifPoint / CreDENTALs Services has become the leader in healthcare credentialing services by building fast, cost-effective systems of data gathering and verification management that can be adapted to meet any clients' needs. By working toward a paperless environment, VerifPoint/CreDENTALs, Inc., is able to handle large volumes of data quickly and effectively at a cost that cannot be matched either internally or by another credentials verification organization!
* The National Committee for Quality Assurance is an independent, nonprofit organization that certifies credentials verification organizations and accredits managed care organizations.
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTC BB: QTEK), 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.
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% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
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%.
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 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.
CONTACTS:
Quintek Technologies, Inc.
Andrew Haag
Chief Financial Officer
(714) 848-7741, Ext. 14
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