QuesTec, Inc. Reports First Quarter 2002 Results

Deer Park, NY, Tuesday, November 20, 2001 – QuesTec, Inc. (OTC BB: QSTI), a digital media content provider of real-time measurement, virtual replays and interactive content for entertainment and mainstream professional sports, reported net sales of $525,650 for the quarter, an increase of $269,200 or 105.0% over the net sales of $256,450 for the same period of the previous fiscal year. The increase is attributable to advertising sales generated by the Company's PitchTrax(TM) virtual replay technology, which is provided exclusively to FOX Sports Net, and by the Company's recently announced five-year contract with Major League Baseball to develop, install and operate its Umpire Information System.

The Company has generated net income of $136,760 or $0.00 per share for the fiscal first quarter ended September 30, 2001, as compared to a net loss of $160,157 or $0.01 per share for the first quarter of the previous fiscal year. This marks the first time in the Company's history that it has posted a profitable quarter. The improvement in the Company's results of operations from the same period of its prior fiscal year is primarily attributable to an increase in its net sales and a decrease in its total operating expenses.  

The Company's total operating expenses of $269,953 for the quarter decreased by $42,896 or 13.8% from $309,849 for the same period of the previous fiscal year. During the fiscal year ended June 30, 2001, the Company's Board of Directors established clear business strategies and principles relating to business development, operating efficiency, managerial tasks, product pricing, debt reduction and investor relations.  The lower total operating expenses are the direct result of those efforts.


Press releases and other QuesTec information are available on the QuesTec web site  For more information on eReplays™, please visit:  

For more information about QuesTec, Inc. contact Ron Klimkowski at (631) 243-1880 or email                  


Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995. The statements contained in this release which are not historical facts, including our outlook on the future performance of our core businesses and our growth strategies, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial markets; dependence on existing markets and other risks described in the Company's Securities and Exchange Commission filings. 


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