|
Computer Technology News
Business News Articles from eNewsChannels™
Edited for Send2Press by Carly Zander
QI Systems Inc. Announces Second Quarter Revenue Increase
Richmond, BC - February 9, 2004 /Send2Press Newswire/ -- QI Systems Inc. (OTC BB: QIIIF, TSX Venture
Exchange: QII.U), the industry leader in smart card solutions, announced today that second quarter
revenue increased by ten percent over first quarter results. This marks the second consecutive
quarter of growth for the company and brings total sales to date for fiscal 2003-2004 to $220,000 US.
When compared to 2002-2003 results, the first two quarters of the current fiscal year equal
approximately 68 percent of total revenue from last year.
QI Systems Inc. President and C.E.O. Steve Garman said, "We believe that our internal corporate
reorganization and more aggressive posture in the marketplace are beginning to produce tangible
results. We anticipate that 2004 will be a record sales year for the company and will signal QI's
successful emergence as a premier smart card solutions provider. While the company will continue to
provide high quality OEM payment terminals to our key customer base for parking, vending and other
applications, QI Systems will at the same time be expanding into smart card system solutions that
afford the company significant long-term growth potential."
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.
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.
FOR INFORMATION ABOUT THE COMPANY OR ORGANIZATION(S) MENTIONED IN THE ABOVE BUSINESS NEWS ARTICLE, PLEASE CONTACT THE COMPANY DIRECTLY AND NOT THIS WEBSITE.
DISCLAIMER: the above business news article is believed accurate but not guaranteed, and is based on business news supplied by the company or organization mentioned and/or quoted in the story. The organization providing the news to Send2Press is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements and public companies should be thoroughly researched before considering material investment. Neotrope/Send2Press makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news item are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope/Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article.
USE OF THE ABOVE NEWS ARTICLE
Article is Copr. © 2004 Neotrope/Send2Press. Reproduction of this news article in any form requires written authorization. You may freely link to this article. For more information on using this article in print or on your website, please visit:
www.freeNewsArticles.com™.
|
