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Data Storage and Smart Card News
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NOTICE: THIS IS ARCHIVAL CONTENT AND LIKELY OUT OF DATE.

Original editor for Send2Press: Christopher L. Simmons


QI Systems Inc. Signs United States Sales Partnership

Richmond, BC, Canada and Dallas, TX - April 6, 2004 /Send2Press Newswire/ -- QI Systems Inc. (OTC BB: QIIIF, TSX Venture Exchange: QII.U), the industry leader in smart card solutions, announced today that it has signed a sales licensing agreement with NACAHA, Inc. of Dallas, Texas USA. The license covers the sale of smart card systems and related products to the gaming industry, and for other applications, within the United States. QI Systems (www.qisystems.ca) will manufacture equipment for NACAHA, and provide customer service and sales support for its products. NACAHA will market the company's smart card solutions, selling equipment under the QI Systems name.

NACAHA, Inc. is a newly incorporated marketing company recognized by the United States federal government as a Native American owned corporation. NACAHA's majority owner is a descendent of members of the Creek Indian Nation. NACAHA is registered with the MBDC (Minority Business Development Counsel) and holds a federally recognized Native American Tribe Card. The company is currently in the process of being certified by the MBDC as a disadvantaged minority owned corporation. This status will provide NACAHA with specific business advantages through federal initiatives such as the Department of Defense Indian Incentive Program, and others.

NACAHA intends to initially target the 279 Native American owned tribal gaming corporations within the United States. In aggregate, these businesses have annual revenues exceeding $8 billion dollars. In addition, NACAHA plans to respond to the National Indian Gaming Commission's Contract Solicitation for technical support for the Native American gaming industry.

NACAHA's President, Susan N. Gallemore, stated "We are extremely delighted to have the opportunity to work with QI Systems because of the quality of their products and their excellent reputation in the smart card industry. We look forward to aggressively promoting their technology and believe that there is a tremendous opportunity in the United States to market QI's high level of technical expertise. We feel confident that the marketplace will see a significant advantage in working with a federally recognized disadvantage minority owned business that can provide such sophisticated technology."

QI Systems Inc. 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.



• Previous News from QI Systems, Inc.





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