Symbol OTCBB: QIIIF
Shares Issued and Outstanding: 16,363,000
QIIIF: QI Systems,
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.
CLIENT BASE AND
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.
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
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,
· 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
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