QI Systems (NASDAQ:QIIIF)
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QI Systems Receives Order from Cyberdyne Gaming
RICHMOND, British Columbia, and PHOENIX, May 6 /PRNewswire-FirstCall/ -- QI
Systems Inc. (OTC Bulletin Board: QIIIF; TSX Venture Exchange: QII.U) of
Richmond, British Columbia, Canada, the industry leader in smart card
solutions, reported today that the company has received confirmation of a
blanket order from Cyberdyne Gaming for SmartKit payment terminals and SmartKit
Console value stations to be manufactured and delivered within the next year.
Cyberdyne anticipates taking delivery of this initial supply of QI products in
large lots for use in gaming installations throughout the United States. This
initial order, valued at $400,000, is committed for delivery within one year.
Both companies anticipate that the initial order will be fully deployed in a
shorter period and the actual value of business during the year will be higher.
Cyberdyne Gaming, Inc., of Phoenix, Arizona, is an engineering and
manufacturing innovator in the gaming industry and is a full feature provider
of gaming equipment, including extensive offerings in both Class 2 and Class 3
gaming devices. The two companies recently signed a multi-part strategic
partnership and Cyberdyne is presently moving to fully integrate QI technology
into their product line.
QI Systems Inc. designs hardware and software for the smart card industry,
supplying top-to-bottoms applications for a wide variety of industries. QI
Systems Inc. has a high level of expertise in delivering stored value solutions
for specialized needs.
More information: http://www.qisystems.ca/
Matters discussed in this press release are "forward-looking statements" and
are subject to certain risks and uncertainties. Consider all risk factors
carefully when evaluating forward-looking statements as actual results may
differ materially from those expressed herein. QI Systems is protected from
litigation regarding forward-looking statements and 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: Steven R. Garman, President & CEO of QI Systems Inc.,
+1-604-248-2301, fax, +1-604-248-2306, or
Web site: http://www.qisystems.ca/
http://www.send2press.com/