Quatech, Inc. Positioned for Growth

Akron, OH, August 11--Quatech Inc., a leading manufacturer of communication, data acquisition, and control products for PC-based systems, announced today that the company has been purchased by a group of Akron based investors. The newly energized company is now well positioned to increase market-share for its current product lines, and to devote significant resources to new product development.Founded in 1983 by former University of Akron Engineering Professors, Quatech has grown into a major supplier of computer peripherals with a distribution network spanning the United States, Canada, South America, Europe, Asia, Africa and Australia. The new investors bring not only an infusion of capital, but also an experienced management team poised to help Quatech better expand its product lines and serve its customers in the rapidly changing technology market.Steve Runkel, a 17 year veteran of
the technology industry, takes over as Quatech's new President and CEO. Most recently of Oracle, Corp, Steve brings to Quatech a wealth of experience in developing and delivering technology solutions. He will spearhead the effort to expand its business into new areas such as wireless communication and wireless data acquisition systems. "Quatech has an exciting future" he says, "This is a strong company with a reputation for quality and a staff dedicated to designing and manufacturing the best possible products in the industry. We now have the resources required to undertake new R&D projects, expand production, and move Quatech to the next level." "What will not change" he adds "is Quatech's commitment to providing outstanding customer service." Dr. C.F. Chen, the former majority owner, President and CEO will now concentrate his considerable experience and engineering expertise on new product development.Quatech's customer base includes Fortune 500 companies, government agencies, and major universities, as
well as many small companies and individual users. Their core product lines include data communication, data acquisition, and signal conditioning. The communication line consists of multi-port serial and parallel expansion boards for USB, PCMCIA, PCI and ISA bus interfaces. The data acquisition line is comprised of analog and digital I/O boards for portable and desktop PC-based systems. Used in conjunction with Quatech data acquisition boards, the SignalPro Series provides board-level signal conditioning for a wide variety of sensors and signals. For serial data acquisition networks, their QTM-8000 Series is a low-cost modular system ideal for diverse industrial monitoring and control applications.Quatech, Inc, an ISO 9001 registered company, is located at 662 Wolf Ledges Parkway, Akron, Ohio, 44311, USA. Additional information about the company and its products can be found on Quatech's website at www.quatech.com.

CONTACT:   Lisa A. Hephner,   Media Manager   Quatech, Inc.   662 Wolf
Ledges Parkway   Akron, Ohio 44311PHONE:   330-434-3154FAX:   330-434-1409EMAIL:   lhephner@quatech.com