Prospector
Profile
1112-08
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| Quintek Technologies Limited |
NAICS |
561110 |
| 17951 Lyons Circle
Huntington Beach, CA 92647 |
Description |
Management Services |
| (714) 848-7741 |
Employees |
19 |
| http://www.quintek.com/ |
Revenue |
(mil) |
2.1210 |
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Income |
(mil) |
-2.4580 |
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Assets |
(mil) |
0.8110 |
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Liability |
(mil) |
5.0340 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Kabani & Company, Inc. states that there exists substantial doubt on the ability of Quintek Technologies Limited to continue as a going concern as a result of recurring net losses of $2,458,633 and $4,440,623 for the fiscal years ending June 30, 2007 and 2006, respectively. The ability to continue as a going concern is subject to its ability to generate a profit and/or obtain necessary funding from outside sources, including obtaining additional funding from the sale of securities, increasing sales or obtaining loans and grants from various financial institutions where possible. The continued net losses and stockholders’ deficit increases the difficulty in meeting such goals and there can be no assurances that such methods will prove successful.
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Intellectual Property:
The Company’s primary business focus and source of revenue is sales of hardware, software and service related to a patented, chemical-free desktop microfilm printer used for printing aperture cards directly from electronic files used for document management and archival storage. [SEC Filing 10-KSB 10-15-07]
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Description:
The Company provides back office services and solutions to organizations principally in the United States.
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Officers:
James Kernan (CEO & Dir.); Andrew Haag (CFO & Dir.)
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Auditor:
Kabani & Company, Inc.
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Securities:
Common Stock-Symbol QTEK.OB; OTC BB;
207,923,622 common shares outstanding as of October 12, 2007.
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