QI Systems Receives Large Hybrid Payment Terminal Order

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QI Systems (MM)	NASDAQ:QIIIF	NASDAQ	Ordinary Share

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QI Systems Receives Large Hybrid Payment Terminal Order

01/04/2004 1:00pm

PR Newswire (US)

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

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/

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QIIIF QI Systems (MM)