|
RC&A GROUP TO IMMEDIATELY BEGIN FUND-RAISING ACTIVITIES IN BEHALF OF Q COMM INTERNATIONAL
(PRWEB) February 16, 2001 -- January 30, 2001 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid telecom products and information services company, announced Tuesday that it has signed a fund-raising agreement with The RC&A Group based in Palm Harbor, Florida.
Under the agreement, RC&A will immediately begin referring sources of debt and/or equity financing to Q Comm International.
The RC&A Group is a telecommunications consulting firm based in Palm Harbor, Florida. RC&A has helped several emerging and established telecom companies with debt and equity placements, acquisitions, and strategic partnerships. Recently RC&A secured significant bridge financing for Wireless Web Connect as well as $10 million in equity funding for Locus Telecommunications.
Commenting on the agreement, Robert Cefail, President of the RC&A Group said, Q Comm is exactly the type of company that funding sources get excited about. They have all the components of competitive advantage, enormous growth potential, scalability, exciting future profitability, cutting-edge technology, demonstrated success and a vibrant management team. They are rapidly building a vital and exclusive sales infrastructure that they lock in by contract. This distribution is a key asset in the sales of multiple, emerging telecom products and services from virtually any provider including AT&T, Verizon and many others. I couldnt be more hopeful and enthusiastic about quickly securing a good deal for Q Comm."
Also commenting on the agreement, Paul Hickey, CEO of Q Comm International said, Q Comm continues to execute its business plan, capture market share, and maintain exciting growth. Part of our plan calls for financing in order to maintain our strong and rapid growth. As opportunities arise, Ill be working off specific criteria in the selection of a financing plan that best supports our strategy in growing the company and shareholder value. Were very excited about the RC&A Group. Theyve demonstrated great success in helping emerging telecom companies like Q Comm. Its a thrill to be in the prepaid wireless business right now, to have established a funding partner that I believe will bring the right solutions to the table, and to be aggressively and successfully executing our business plans."
ABOUT Q COMM INTERNATIONAL:
Q Comm International Inc. (OTC BB: QCCM, www.qcomm.com) is a leading prepaid telecom products and information services company. Utilizing its proprietary platform, Qxpress, Q Comm electronically delivers prepaid wireless replenishment and other telecom services through a variety of retail locations. Q Comms electronic management system eliminates prepaid wireless hard cards as well as their inventory costs, out-of-stocks, and theft, while providing reporting and inventory management for carriers, agents, and retailers. Qxpress is not product, operator or currency specific. Qxpress essentially acts as a conduit through which Q Comm can efficiently deliver an almost-infinite bandwidth of prepaid wireless and other telecom services from an unlimited number of carriers to its rapidly expanding global network of retailers. This flexible, electronic platform gives Q Comm, its partner retail sites, agents, and carriers the ability to quickly grow sales at relatively little additional overhead, increasing profitability among all parties. For its industry innovation and leadership, Q Comm was recently selected as one of the Top 10 Companies to Watch for 2000" by Intele-Card News, the leading prepaid telecom publication in the United States.
This press release contains forward-looking statements. The words estimate", possible" and seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
Q Comm International, Inc., Tel (800) 626-9941, ext. 3301, Fax (801) 222-9555, paul@qcomm.com
|