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QI Systems Receives Production Release from Cale Systems
Richmond, BC - April 8, 2004 /Send2Press Newswire/ -- QI Systems Inc. of Richmond, British Columbia,
Canada (OTCBB: QIIIF, TSX Venture Exchange: QII.U), the industry leader in smart card solutions,
reported today that the company has received an immediate release from Cale Systems, Inc. for the
production of a substantial number of hybrid payment terminals. The production release is part of a
blanket order from Cale for 525 units received earlier this month. The units released for production
represent sales revenue for QI Systems of approximately $150,000 US. Cale plans to take delivery of
the remaining units before the end of the year and anticipates placing additional payment terminal
orders with QI in the near future. The QI Systems readers are for use in Cale equipment being placed
at sites 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, or will describe the Company's future plans, objectives or goals. These statements
are subject to certain risks and uncertainties, including the financial performance of the Company
and market valuations of its stock, which could cause results to differ materially from those
currently anticipated. Statements made herein are made as of the date of this press release and the
Company undertakes no obligation to publicly update them.
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.
Copr. © 2004 Send2Press
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