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Keyword: q comm


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Q Comm International Expands Merchant Network with Check$mart

   1142 days 11 hours ago (05.10.2005 15:35)

OREM, Utah (BUSINESS WIRE) Oct. 5, 2005 Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced a contract with Check$mart to install the Q Xpress 200™ POS terminal at over 170 locations nationwide. Check$mart, based in Dublin, Ohio, operates 172 payday loan and check cashing stores throughout Ohio, Indiana, Kentucky, Virginia, Florida, Utah and Arizona. Q Comm expects to complete the store roll out in the fourth quarter of 2005.

Under the terms of the contact, Check$mart will be able to provide Q Comm’s suite of leading prepaid products to check cashing and payday loan customers, enhancing recurring customer traffic and adding value at the point of sale. Selling prepaid services on demand via the Q Xpress 200™ terminal allows Check$mart to avoid problems associated with traditional prepaid cards, such as theft, inventory costs and stock outages. Check$mart can also benefit from Q Comm’s online sales reporting tools, which provide employee-level sales reporting.

Michael Keough, President and Chief Executive Officer of Q Comm International, said «Today’s announcement reflects our concerted effort to expand Q Comm’s presence at leading retailers like Check$mart. We are particularly excited about partnering with an alternative financial products retailer, since our respective target audiences are the same.»

Kyle Hanson, Director of Store Operations of Check$mart, states «We are excited to partner with Q Comm because their prepaid products add value for our customers. Additionally, Q Comm’s technology allows us to provide customized prepaid products with no hassle or upfront inventory costs.»

ABOUT. Q. COMM INTERNATIONAL:

Q Comm International is a prepaid transaction processor that electronically distributes prepaid products from service providers to the point of sale. Q Comm offers proprietary prepaid transaction processing platforms, support of various point-of-sale (POS) terminals, product management, merchandising, customer support and engineering. Q Comm systems replace traditional hard cards (also known as scratch cards or vouchers) that are costly to distribute, and provide more comprehensive reporting and inventory management among other benefits. Q Comm’s solutions are currently used by wireless carriers or mobile operators, telecom distributors, and various retailers to sell a wide range of prepaid products and services including prepaid wireless, prepaid phone cards, prepaid dial tone and prepaid debit cards. Visit www.qcomm.com for more information.

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the Company’s filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2003, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Contacts

Q Comm International, Inc.
Investor Relations:
+1 (801) 226–4222 x6090



Q Comm Appoints Point-of-Sale Industry Leader Harry Hargens to its Board of Directors

   1523 days ago (31.08.2004 17:10)

OREM, Utah Q Comm International Inc. (AMEX:QMM), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced that Harry Hargens has been appointed and has accepted a seat on the company’s board of directors effective Sept. 1, 2004.

Hargens was instrumental in the creation and early development of the business of automating credit card processing at the Point of Sale (POS). He has been active in the payments/transaction processing industry since 1981, having held senior management positions responsible for sales, marketing, and product development at Omron, VeriFone, TransNet (now part of Paymentech), HONOR (STAR), and National Data (Global Payments). During the 1980s, at hardware vendors Omron and VeriFone, he helped to launch and grow the market for POS terminals that automate credit card transactions. Subsequently, at transaction processors TransNet, HONOR, and National Data, he helped drive continued market growth by developing and marketing innovative new transaction processing services. Presently, Hargens serves as a CEO, president, and director of InstaPay Systems Inc. (OTCBB:IPYS), the holding company of Kryptosima LLC, which he founded in 2000. Kryptosima’s innovation is a unique Internet Payment Gateway Service that enables Internet merchants to accept ATM Card payments. The company currently holds a patent in Europe and has an additional patent filed in the United States. Hargens holds an MBA with honors from The University of Chicago, and a BSEE with honors from Illinois Institute of Technology.

Terry Kramer, CEO and president of Q Comm stated: «Harry brings extraordinary talent, depth and diversity of experience to our board. He has over 23 years of experience with leading companies in both transaction processing and point-of-sale terminal manufacturing. He has demonstrated particular expertise in the development and marketing of innovative point-of-sale terminals. He has been highly successful in launching new products, rapidly growing customer bases and retaining key accounts. He will be a great asset to Q Comm as we continue to grow our business.»

ABOUT. Q. COMM INTERNATIONAL:

Established in 1992, Q Comm International provides proprietary prepaid transaction processing and information management systems that facilitate electronic recharge or distribution of prepaid products from service providers or their distributors to retail points of sale. Q Comm’s solutions replace traditional hard cards (also known as scratch cards or vouchers) that are costly to distribute, and provide more comprehensive reporting and inventory management among other benefits. In concert with its proprietary data center platform, Q Comm’s point-of-sale terminal, Qxpress 200™, is currently used by wireless carriers or mobile operators, telecom distributors, and various retailers to sell a wide range of prepaid products and services including prepaid wireless or prepaid mobile, prepaid phone cards, prepaid dial tone and prepaid bank cards, such as prepaid MasterCard. Visit www.qcomm.com for more information.

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the company’s filings with the Securities and Exchange Commission, including the Form 10-K for the year ended Dec. 31, 2003, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.



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Keyword: q comm


entries 1-2 from 2 total