Latest News, Blogs, and Features on "Global Sourcing"

Outsourcing on Ulitzer

Subscribe to Outsourcing on Ulitzer: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Outsourcing on Ulitzer: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Outsourcing Authors: Mika Edword, Liz McMillan, Ava Smith, PR.com Newswire

Related Topics: Outsourcing on Ulitzer

Outsourcing: News Feed Item

Quintek Expansion Into $1.5 Billion Healthcare Outsourcing Market Continues

Quintek Expansion Into $1.5 Billion Healthcare Outsourcing Market Continues

HUNTINGTON BEACH, Calif., Feb. 14 /PRNewswire-FirstCall/ -- Quintek Technologies, Inc. (BULLETIN BOARD: QTEK) , a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, continues to expand into the large and fast growing healthcare outsourcing market. Quintek estimates that the market for services it provides in this space to be $1.5 billion nationally.

Quintek attended the AAPPO conference in Orlando Florida last week with its HIPPA compliant partner Manhattan Data, Inc (MDI). MDI and Quintek executed an agreement to work together late last year. Soon after entering into this agreement, Quintek and MDI were awarded a contract to provide services to VerifPoint. VerifPoint and its parent organization, CreDENTALs, form the largest, independently owned healthcare practitioner Credentials Verification Organization (CVO) in the world.

David Lequeux, Quintek director of business development stated, "We are leveraging recent customer successes to grow our business in the healthcare vertical. The response at the AAPPO was extremely positive." He added, "Quintek recently began providing services to VerifPoint and also went national with an existing marquis customer. We are delivering services for industry leaders and that gets attention. MDI and Quintek submitted a proposal to one of the largest PPO network organizations in the country in late December. We met with representatives from this group at the AAPPO show and identified additional opportunities for business with this potential customer."

Robert Steele, Quintek CEO added, "Partnerships, customers successes with industry leaders and a core focus are the drivers to continued growth of this company in a market that we see as a tremendous growth opportunity for services provided by Quintek."

About Quintek Technologies, Inc.

Quintek Technologies, Inc. (BULLETIN BOARD: 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 of 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 [email protected] Communications: Cinapsys, Inc. Mark Moline (760) 458-4899 [email protected]

Quintek Technologies, Inc.

CONTACT: Andrew Haag, Chief Financial Officer of Quintek Technologies,
Inc., +1-714-848-7741, ext. 14, [email protected]; or Communications, Mark
Moline of Cinapsys, Inc., +1-760-458-4899, [email protected], for Quintek
Technologies, Inc.

Web site: http://www.quintek.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.