QI Systems Receives Large Hybrid Payment Terminal Order
April 01 2004 - 6:00AM
PR Newswire (US)
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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