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QIIIF QI Systems (MM)

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Share Name Share Symbol Market Type
QI Systems (MM) NASDAQ:QIIIF NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

QI Releases Improved Water System

19/02/2004 11:30am

PR Newswire (US)


QI Systems (NASDAQ:QIIIF)
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QI Releases Improved Water System RICHMOND, British Columbia, Feb. 19 /PRNewswire-FirstCall/ -- QI Systems, Inc. (OTC Bulletin Board: QIIIF; TSX Venture Exchange: QII.U), is pleased to announce that it has accepted an order to upgrade the bulk watercontrol and waste water management systems previously supplied to Aurora Bar Code Technologies of Edmonton, Alberta and installed at the City of Dawson Creek, B.C. The systems are based on the QI Card stored value card scheme and operate as off-line payment and control terminals. The upgrade will add VPN connectivity to these devices with TCP-IP addressing and will provide full time monitoring and reporting capability from a server located at the City offices. QI products support both automated and manual retrieval of transaction and operational records for report generation. QI has previously supplied various network configurations of its self-serve payment terminals and has supported dial-up and hard-wired network topologies. This system, tobe installed in March, represents a milestone as it is the first QI system which incorporates direct TCP-IP connectivity with the point of payment. It adds a new level of remote monitoring and service support for QI products. Anyone who has experienced the weather in Dawson Creek at this time of year will appreciate the significance. The Dawson Creek installation will connect to the city's intranet via a VPN. The technology also enables Internet connectivity for other QI devices and is expected to create new market opportunities for them. 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 and 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 Garman of QI Systems Inc., +1-604-248-2301, Web site: http://www.send2press.com/

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