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.23 getting hammered! on only 5 trades LOL! volume is only 199,803! no liquidity, try to sell and watch the price drop. good luck with this one! 39 million O/S = overpriced IMO. do your DD on this b-4 buying as with any pink.
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203,303 is almost 4X the average 20 day volume for this stock,..... The Float on this is about 3.5 million shares. The news that came in today is great and very promising.
-------------------- Please do your DD. Break some bread with me!
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QI Systems and SmartCentric Technologies Sign Development and Supplier Contract to Provide Payment Solutions for a Variety of Devices to the Campus Market
Business Wire via COMTEX
Jun 12, 2006 8:30:18 AM
DALLAS & DUBLIN, Ireland, Jun 12, 2006 (BUSINESS WIRE) --
QI Systems Inc. (OTCBB: QIIIF) and SmartCentric Technologies International Ltd, leading developers and integrators of contact and contactless card payment solutions, today announced that they have signed a multi-phase development and supplier contract. The agreement will combine SmartCentric's SmartCity products for multi-application and payment solutions with a wide variety of QI System's unattended devices, including, but not limited to, laundry equipment, vending machines, printers, copiers and parking equipment, using both contact and contactless cards.
The unique partnership between QI Systems and SmartCentric will provide university and corporate campuses with new opportunities for expanded use of the SmartCentric SmartCity multi-application family of smart card solutions, which can be used both on-campus and off and will allow for remote data collection and hot-listing of lost or stolen cards. These solutions include Off-Campus Merchant programs, parking and transportation and are part of the full suite of SmartCity solutions which includes Secure IT access, logical access, Web Revalue of cards, and Digital Certificates.
President and Chief Executive Officer of QI Systems Inc., Steven R. Garman, comments, "QI Systems has a history of enabling unattended devices on campus to make one-card payment and tracking solutions a reality. Additionally, QI Systems has a high level of expertise working with a variety of companies in the proprietary stored value space. The agreement with SmartCentric provides the Company with a unique opportunity to work on global projects with a corporation that has been a pioneer in both industries."
Stephen B. Riegel, QI Systems' Vice President of Business Development added, "We are pleased to be working with a quality organization such as SmartCentric and share their ongoing vision of excellence and spirit of innovation and leadership. As SmartCentric moves forward with their next generation of card ID and payment solutions, QI Systems looks forward to supporting their efforts and providing them with quality products."
Kieran Timmins, CEO of SmartCentric comments, "The QI Systems partnership enables us to accelerate our plans to provide our customers with a real choice of card platforms for e-payments including contact and contactless. We anticipate that the first major product deployment will be delivered in early 2007. The partnership also allows us to solve the issue of transaction collection and hot-listing of lost or stolen cards by providing collection methods using TCP/IP and/or WiFi."
Chris Rizzetto, Director of Sales for SmartCentric in North America adds, "This partnership will be sure to offer immediate benefits to our current and prospective customers."
About QI Systems:
QI Systems Inc. develops and markets innovative contact and contactless chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture.
About SmartCentric Technologies International Limited:
SmartCentric Technologies International is a specialist technology company focused on secure payments and transactions and multi-application smart card systems. SmartCentric's flagship product, SmartCity(R), was originally developed by the SmartCentric team in the early 1990's and has evolved into a trusted worldwide card solution. SmartCity(R) is a Multi-Application Smart Card based system which has many wide-ranging uses, such as stored value, loyalty, gift cards, logical access, physical access, biometrics, car parking and ticketing. SmartCity(R) is based on international standards and is teamed with best of breed industry partners to deliver leading edge technology and first class client friendly solutions.
SmartCity(R) has been used in over 90 sites worldwide with over 5 million cards issued in diverse sites such as colleges, government offices, military establishments, banks, cities, towns, shopping areas, and stadiums.
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 current expectations. QI Systems and SmartCentric Technologies International Ltd undertake no obligation to publicly update such forward-looking statements.
SOURCE: QI Systems Inc.
QI Systems Inc.Corporate & Media Contact:Steven R. Garman, 817-485-8111orInvestor Relations Contacts:Equity Performance GroupBethany Tomich, 617-723-1465Bethany*equityperfgp.comorSmartCentric Technologies International LimitedWorldwide:Kieran J Timmins, +353 1 854 0501kieran.timmins*smartcentric.comorNorth America:Chris Rizzetto, 561-228-1826chris.rizzetto*smartcentric.comorEurope:Denise Sweeney, +353 87 823 5551denise.sweeney*smartcentric.com
-------------------- The difference between genius and stupidity is that genius has its limits
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