QI Systems (NASDAQ:QIIIF)
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QI Systems Receives Large Hybrid Payment Terminal Order
RICHMOND, British Columbia, April 1 /PRNewswire-FirstCall/ -- QI Systems, Inc.
of Richmond, British Columbia, Canada (BULLETIN BOARD: QIIIF) , the industry
leader in smart card solutions, reported today that the company has received
confirmation of a blanket order from Cale Systems, Inc. for 525 hybrid payment
terminals to be manufactured and delivered within the next 12 months. The order
represents sales revenue for QI Systems of approximately $280,000 US. Cale
anticipates taking delivery of the units in large lots during the coming months
for use in equipment being placed throughout North America.
Cale Systems, Inc. is a Montreal, Quebec firm that distributes and assembles
metered parking devices manufactured by CALE of Sweden. Cale is recognized as
one of North America's premier metered parking equipment companies. Since early
2000, QI Systems and Cale have worked together to provide the parking industry
with state-of-the-art smart card payment solutions.
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.
This release was issued on behalf of the above organization by Send2Press(TM), a
unit of Neotrope(R). http://www.send2press.com/
DATASOURCE: QI Systems, Inc.
CONTACT: media, Steven R. Garman, President & CEO of QI Systems, Inc.,
+1-604-248-2301
Web site: http://www.send2press.com/
Web site: http://www.qisystems.ca/