QI Systems Receives Order from Cyberdyne Gaming
May 06 2004 - 6:00AM
PR Newswire (US)
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/
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