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Subject: STOCK------(OTCBB:QIIIF)-----ADV-----STOCK

Title: Untitled Document

QI Systems, Inc.
Category: Technology

Shares Issued and Outstanding: 16,363,000
Float (Estimate): 3,500,000

QIIIF: QI Systems, Inc.


QIIIF Capitalizing on the Multi-Billion Dollar Smart Card Industry!

It is estimated that nearly one third of the $8.1 trillion worth of cash transactions annually in the world's top 29 economies will eventually be conducted via smart cards. This would mean a tremendous savings for the world's economies. In the United States alone, an estimated $60 billion is spent annually by merchants, financial institutions, and the U.S. Government to handle, keep, and protect physical money. Smart cards are becoming an invaluable solution in the areas of national security, identity theft protection, and privacy. Our featured company QIIIF is the world leader in the top-to-bottom solutions for smart card applications in a global market expected to reach $16 billion by 2005.


Companies that use QIIIF's Smart Card technology for their business solutions include:
Visa International, Bank of America, US Treasury Department, MasterCard International, IBM Corp., USA Today, Visa Canada, Maytag, GPT Payphones, Royal Bank of Canada, Nations Bank, First Union Bank, Mondex, Chase Manhattan Bank, British Columbia Corrections, GPT Payphones, Inc., Bank of Nova Scotia, Sun Trust Bank, Pepsi Venezuela, Canadian Forces, and numerous others.

In addition to the client list above QIIIF partners and affiliates include: VisaCash, Telus Corp., Cale Parking Euipment, Inc., Cardlogix, Edoc Systems, EFM, GemPlus, Jayd LLC., Mondex, Aurora Bar Code Technologies, and Touch Technology International.

QI Systems, Inc. Releases Stock Analysis
5/20/2004 (BUSINESS WIRE) -- QI Systems Inc. (OTCBB : QIIIF) today released a report on their Company prepared by Analyst Howard N. Stillman on March 12, 2004.


QI Systems, Inc. (OTCBB: QIIIF) is a Canadian corporation with headquarters in Richmond, British Columbia, Canada, and Colleyville, Texas, U.S. QIIIF designs hardware and software for the rapidly expanding smart card industry. The company is the world leader in top-to-bottom solutions for smart card applications in a wide variety of industries.


The Department of Defense has now issued 1.8 million Smart Cards and continues to issue up to 12,000 per day in more than 15 countries. Healthcare alone estimates that up to $70 billion of the $1.4 trillion healthcare costs for Americans is due to fraud. Dr. John Butterworth, president of Security Sciences, Inc., predicts that medical industry companies will use Smart Cards to thwart fraud. The gaming/casino industry is also turning to Smart Cards to more easily deposit, payout, debit, rate, and reduce theft. Other opportunities and growth prospects for smart cards are staggering. In the U.S. alone, there are more than 7 million vending machines with $37 billion in annual sales. Conversion of just 10% of these to smart card applications indicates a $400 million market. Laundry machines, newspaper boxes, copiers, parking, and transit offer other potentially lucrative opportunities.


· QIIIF's SmartKit permits secure, conditional access, flexible multicard payment and data to be performed in a low-cost, easy-to-use manner.

· QIIIF is pursuing possibilities that will affect homeland and international security.

· QIIIF is the only company that met MasterCard and Visa's rigorous criteria for Smart Card technology.

· QIIIF announced that revenues increase in both of the first two quarters of 2004.

· A report from marketing consultants Frost & Sullivan on the global Smart Cards market predicts the number of cards in circulation could more than double from $1.75 billion in 2000 to $3.66 billion by 2004.

This email is for informational purposes only, and is neither a solicitation to buy nor an offer to sell securities. All assembled information within is subject to change without notice. The assembled information within this email is based on public information supplied by the company or from other sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Information in this email may contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. An example of forward-looking information are statements relating to the future capital expenditures, future funding sources, anticipated sales growth, and potential contracts. These and similar forward statements are subject to a number of known and unknown risks and uncertainties outside our local control that could cause actual operations or results to differ materially from those anticipated. Icon Advertising Design accepts no liability for any losses arising from an investor's reliance on or use of this report. This assembled information is for informative purposes and is not intended to be used as the sole source of information on a company. Always do your own due diligence and consult a financial advisor. Icon Advertising Design has been paid $2,500.00 by BMA Ventures, Inc., for the presentation and dissemination of the assembled information. Icon Advertising Design 1846 E. Rosemeade Parkway #104 Dallas, TX 75007


Icon Advertising Design · 1612 Ogden Ave · Lisle, IL 60532

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