QI Systems Inc. Signs United States Sales Partnership

Share Name	Share Symbol	Market	Type
QI Systems (MM)	NASDAQ:QIIIF	NASDAQ	Ordinary Share

QI Systems (NASDAQ:QIIIF)
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From May 2019 to May 2024

QI Systems Inc. Signs United States Sales Partnership RICHMOND, British Columbia and DALLAS, April 6 /PRNewswire-FirstCall/ -- QI Systems Inc. (OTC Bulletin Board: QIIIF; TSX Venture Exchange: QII.U), the industry leader in smartcard solutions, announced today that it has signed a sales licensing agreement with NACAHA, Inc. of Dallas, Texas USA. The license covers the sale of smart card systems and related products to the gaming industry, and for other applications, within the United States. QI Systems (http://www.qisystems.ca/) will manufacture equipment for NACAHA, and provide customer service and sales support for its products. NACAHA will market the company's smart card solutions, selling equipment under the QI Systems name. NACAHA, Inc. is a newly incorporated marketing company recognized by the United States federal government as a Native American owned corporation. NACAHA's majority owner is a descendent of members of the Creek Indian Nation. NACAHA is registered with the MBDC (Minority Business Development Counsel) and holds a federally recognized Native American Tribe Card. The company is currently in the process of being certified by the MBDC as a disadvantaged minority owned corporation. This status willprovide NACAHA with specific business advantages through federal initiatives such as the Department of Defense Indian Incentive Program, and others. NACAHA intends to initially target the 279 Native American owned tribal gaming corporations within theUnited States. In aggregate, these businesses have annual revenues exceeding $8 billion dollars. In addition, NACAHA plans to respond to the National Indian Gaming Commission's Contract Solicitation for technical support for the Native American gaming industry. NACAHA's President, Susan N. Gallemore, stated, "We are extremely delighted to have the opportunity to work with QI Systems because of the quality of their products and their excellent reputation in the smart card industry. We look forwardto aggressively promoting their technology and believe that there is a tremendous opportunity in the United States to market QI's high level of technical expertise. We feel confident that the marketplace will see a significant advantage in working with a federally recognized disadvantage minority owned business that can provide such sophisticated technology." 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: Steven R. Garman, President & CEO of QI Systems Inc., +1-604-248-2301, Web site: http://www.qisystems.ca/

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QIIIF QI Systems (MM)