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Terry Kramer Joins Q Comm as CEO/President Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced that Terry D. Kramer, interim president since November 2003, has agreed to join the company on a full-time basis as chief executive officer and president. Orem, UT (PRWEB) March 5, 2004 --- Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced that Terry D. Kramer, interim president since November 2003, has agreed to join the company on a full-time basis as chief executive officer and president.
Mr. Kramer has over 15 years of experience in building, developing, and advising wireless technology organizations. Most recently, Mr. Kramer has been serving as an advisor or board member of several wireless telecommunications companies including 724 Solutions, FiberTower, and Sonim Technologies. From 1988 through 2000, he was employed by Vodafone/AirTouch and PacTel Corporation in various executive positions including president of AirTouch Paging, vice president and general manager of the southwest market for AirTouch Cellular, vice president of business development for AirTouch Europe, vice president of corporate strategy, development and human resources for AirTouch Communications, executive director of investor relations and corporate communications for AirTouch Communications, and executive director of applications and operations for AirTouch International. Among his various accomplishments, Mr. Kramer was a key player in guiding Airtouchs expansion into Europe, reorganizing AirTouchs headquarters in connection with the companys merger with Vodafone, negotiating AirTouch Communications merger with Bell Atlantic and GTE in the formation of Verizon Wireless, and consolidating AirTouchs cellular operations with Verizons to achieve seamless national service. Mr. Kramers other experience includes working as an associate with Booz, Allen & Hamilton from 1986 through 1988 and as Chief Operating Officer of the Banana Republic Division of Gap, Inc. in 2001. Mr. Kramer earned an MBA from Harvard University in 1986 and a Bachelor of Arts in Economics from UCLA in 1982.
Paul Hickey, Q Comms founder, will relinquish the title of chief executive officer but continue working with the company in the new capacity of executive vice president of business development.
As a shareholder, director and officer, I am thrilled that Terry Kramer has agreed to join us as CEO and president," said Paul Hickey. Over the past few months, I have had the pleasure of working with Terry and witnessing first hand his skills as an executive and administrator. I believe Terry has the leadership and management skills that will enable us to not only grow but to manage that growth effectively. I look forward to working with Terry in my new capacity as executive vice president of business development. I am excited about the many potential market opportunities that may be available to us and I look forward to devoting all of my time and energy to taking advantage of these opportunities."
Terry Kramer, new chief executive officer and president of Q Comm International said, Q Comm has a committed management team and staff, great products and strong opportunities for growth. The past few months have given me insight into the opportunities and potential at Q Comm. I look forward to working with Paul Hickey and the rest of the management team as we explore these opportunities and take advantage of them."
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 Comms 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 Comms 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.
This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated due to a number of factors, including shortages of raw materials, the companys financial condition and cash flow, PPMs financial condition and cash flow, PPMs ability to enter into agreements with providers of prepaid products and services, and general economic conditions. The companys plans and objectives are based on assumptions involving judgments with respect to future economic, competitive, regulatory and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the companys control. Therefore, there can be no assurance that the forward-looking statements will prove to be accurate. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
Contacts: Scott Liolios Liolios Group, Inc. +1 (949) 574-3860
Paul Hickey Q Comm International, Inc. +1 (801) 226-4222, ext. 3301
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