QI Systems (NASDAQ:QIIIF)
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Another City Switches to QI Water Control System
RICHMOND, British Columbia, March 11 /PRNewswire-FirstCall/ -- QI Systems, Inc.
(BULLETIN BOARD: QIIIF, TSX Venture Exchange: QII.U) , the industry leader in
smart card solutions, is pleased to announce that it will be delivering a Ranch
Water Control system during March to the City of Loveland, Colorado. The
Loveland system is modeled on the Ranch Water Control installation done last
year just a few miles up Highway 287 in the City of Fort Collins. Although the
systems are visually identical, users will find that cards from one city will
not be accepted at the other.
The Loveland system will incorporate one additional feature not used at Fort
Collins. At Fort Collins all cards are sold and revalued through automated
self-serve equipment. The Loveland installation will incorporate the same fully
automated self-serve 24 / 7 capabilities as Fort Collins. It will also include
a countertop card revalue station which will allow City staff to read a card
balance and to add value to a card separately from the self serve system.
The countertop revalue station is an implementation of the proprietary QI
SmartKit Console product line. The same QI SmartKit Console revalue stations
are used in other stored value card payment applications. For example, they are
used for revaluing cards for the City of San Diego on-street parking meter
program.
QI Systems Inc. (http://www.qisystems.ca/) designs hardware and software for the
rapidly expanding smart card industry. The company is a world leader in
supplying top-to-bottom solutions for smart card applications in a wide variety
of industries. QI Systems, Inc. has a high level of expertise in delivering
stored value solutions for specialized needs.
Matters discussed in this press release are "forward-looking statements," and
can be identified as such because the context of the statement will include
words such as "expects," "anticipates," or words of similar import. Statements
describing the Company's future plans, objectives or goals are also
forward-looking statements, and are subject to certain risks and uncertainties,
including the financial performance of the Company and market valuations of its
stock, which could cause actual results to differ materially from those
currently anticipated. Consider these factors carefully in evaluating any
forward-looking statements. Forward-looking statements made herein are only made
as of the date of this press release and the Company undertakes no obligation to
publicly update such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy of this
news release and has not investigated the validity of these claims.
Approved on behalf of the Board
Steven R. Garman
President & CEO
QI Systems Inc.
CONTACT:
TEL: 604.248-2301 ~ Steven R. Garman, President & CEO
FAX: 604.248.2306 ~ INTERNET: http://www.qisystems.ca/
DATASOURCE: QI Systems, Inc.
CONTACT: Steven R. Garman, President &CEO of QI Systems, Inc.,
TEL: +1-604-248-2301, FAX: +1-604-248-2306
Web site: http://www.qisystems.ca/