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Providing Innovative Card Solutions For More than a Decade
Plug-and-Play Technology for Contact, Contactless and Custom Designed Card Applications
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QI Systems Inc. |
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  SmartKit Reload
QI’s Reload station carries the traditional flexibility of the QI SmartKit into the realm of custome ... [more]
 SmartVend
Our SmartVend solution is made for your vending needs. Already our SmartKit has been adapted for a v ... [more] |
Tuesday, October 23, 2007 - QI Systems Inc. Announces New Orders From Cale Parking - Continues to Expect Record Revenue for Fiscal 2008 QI Systems Inc. (OTCBB: QIIIE), a leading developer and integrator of smart-card payment, access control and tracking solutions, today announced that it has received two more orders from Cale Systems, Inc., the North American subsidiary of Cale Access AB of Sweden. The two orders, valued at US$200,000, are for QI hybrid smart-card readers for use in Cale self-serve parking payment terminals. The orders are expected to be shipped at the end of October and November 2007. Steven R. Garman, President and Chief Executive Officer of QI Systems, stated, "We are pleased to say that Cale continues to be an important ongoing customer for QI. This continuing business, along with the recent successful launch of our innovative, eco-friendly CycleStations, will form a solid base for an extremely strong first half of fiscal 2008. We believe these product lines will continue to grow throughout 2008, and with our expected growth in the laundry and campus markets, should result in another record revenue year." About QI Systems:QI Systems Inc. designs and sells card payment solutions for various industries. Products and core competencies include smart cards and stored value systems, security protocols, data communications, software design and hardware manufacture. Matters discussed in this press release may include “forward-looking statements” which 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 OTCBB 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
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