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Originally posted by matto:
Quintek Secures Entry into Two Additional Markets Valued at $85 Billion by 2007; Recent Partnerships to Allow Company to Offer a Full Suite of Services Opening New Markets for Growth
3/1/2006

HUNTINGTON BEACH, Calif., Mar 01, 2006 (BUSINESS WIRE) --
Quintek Technologies Inc. (OTCBB:QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced today that its recently announced relationship reinforces its entry into two of the largest BPO markets, Human Resources (HR) outsourcing and Information Technology (IT) outsourcing.

According to Gartner, a market research firm, the size of the global BPO market by 2007 could reach $173 billion. The offshore IT service segment is expected to grow at a CAGR of 43 percent to $56 billion.

According to E-Business Strategies Inc.: "It is estimated that approximately 300 of the Global 500 are viable candidates for HR outsourcing. Based on the median employee base and estimates of annual spending per employee for various services, we estimate the addressable market for basic HR outsourcing to be approximately $29 billion per year."

A transformation is taking place in the global BPO market, which is accompanied by increased spending for BPO services. Most leading companies worldwide are adopting BPO as a strategic business solution. Middle-market enterprises look more and more to take advantage of this business shift toward specialization that allows them to focus more on their core competencies and growth. Quintek views the HR and IT outsourcing markets as primary strategic opportunities.

"Most corporations outsource discrete, non-core functions of their operations, including human resources, finance and accounting, and IT," commented Robert Steele, CEO of Quintek. "More and more middle-market enterprises are looking for outsourced service-based solutions to improve their financial performance." Steele ended, stating, "Through our partnerships we can now provide this full suite of services to this valuable market."

About Quintek Technologies Inc.

Quintek Technologies Inc. (OTCBB: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 percent 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 percent.

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