Management Changes at Pacific Diagnostic

The management team of Pacific Diagnostic Technologies in Camarillo has resigned to coincide with the completed acquisition of Quintek Corp., officials announced.

Quintek, now a wholly owned subsidiary of Pacific Diagnostic, has taken over management of the company.

Additionally, Pacific Diagnostic approved a 1-for-25 reverse stock split of its common shares for shareholders of record on Sept. 14, 1998.

Quintek is a supplier of hardware, software and related supplies to archive digital information and distribute and store engineering drawings for such industries as construction, utilities, government and aerospace.

As of Jan. 1, Pacific Diagnostic had about 8 million common shares outstanding and 8 million common shares on a fully diluted basis. After the reverse split and acquisition of Quintek, the company has approximately 13 million common shares outstanding and 25 million common shares on a fully diluted basis.

Thomas Sims, Pacific Diagnostic president and chief executive officer, said the company’s focus this year will be to expand market penetration among existing customers such as TRW, Aramco, Dresser, Lockheed and the U.S. Navy.