|
Q COMM BUILDS MARKET SHARE THROUGH EXPANSION OF SOFTWARE SERVICES AND STRATEGIC ALLIANCES
(Orem, UT) -- December 18, 2001 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has significantly expanded its addressable retail market with new products and services.
(PRWEB) December 20, 2001 -- December 18, 2001 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has significantly expanded its addressable retail market with new products and services.
Q Comm, who offers leading point-of-sale activation (POSA) solutions for retailers who sell prepaid wireless and other services, is building new platforms that extend services to virtually any environment including major retail chains which almost exclusively utilize electronic point of sale (EPOS).
We have initiated a significant phase of our business plan to greatly expand our addressable market," said Stephen C. Flaherty, president of Q Comm International, Inc. While we continue to achieve impressive success serving the convenience store and other mid-size retail environments, we are now building the capability to extend services to major national and international retail chains. In essence, we are developing a full suite of professional and software services to extend our electronic, product-delivery capabilities to the big boys of the retail world.
By recently expanding our software engineering and information technology (IT) departments, we have not only advanced our core services in areas such as real-time and just-in-time PINless transactions, but we have also begun offering data conversions, host-to-host communications, legacy connections, multi-point EPOS, and several other services, that enable virtually any retail environment to electronically sell prepaid wireless and other services.
These are exciting times for Q Comm. And as we expected, these developments are creating substantial interest and new strategic alliances at home and abroad. We believe these future partnerships will be key in dramatically expanding our retail distribution network while adding significant additional revenues.
The building of our R&D, software, and IT departments, represents a milestone and one of the cornerstones in fulfilling our business strategy. We began a major push to build these departments several months ago by hiring Lynn Roy Thackeray as the director of research and development, IT and operations. Lynns responsibilities at Q Comm includes managing product research and development, software and hardware engineering, information technology, and general operations."
Q Comm reports that Mr. Thackeray offers the Company sixteen years of related experience. In the five years previous to starting with Q Comm, he worked as the Senior Vice President of Research and Development and General Manager of Technical Facilities for Financial Fusion, a wholly-owned subsidiary of Sybase, Inc. that produces a full suite of electronic banking products. During his time there, he built the technical division from zero to more than 100 employees.
Mr. Thackerays experience also includes nine years with Novell/WordPerfect Corporation where he worked in various roles including Director of Development for the Internet Commerce Division of Novell. Among other things, his responsibilities included managing the software development teams responsible for the Internet Finance and Personal Productivity Tools.
Lynn has significant experience driving the research and development of financial, transaction-oriented computer systems," continued Flaherty. Through his previous contacts and associations, he has recruited some of the top software engineering talent to join him here at Q Comm. He has built our software staff into a powerful, cohesive unit with more than 60 years of software engineering and IT experience. Both Lynn and his staff have extensive experience with leading wireless and banking protocols, real-time legacy connections, electronic banking, transaction and transfer of electronic funds in secure environments, and interfacing with various bank systems."
ABOUT Q COMM INTERNATIONAL:
Q Comm International, Inc. (OTCBB: QCCM) is a leading prepaid wireless technology and information services company. Under its Qxpress brand, Q Comm produces hardware and software systems that enable prepaid wireless and other carriers to electronically deliver their products and services to retail points of sale. Q Comm offers turnkey point-of-sale solutions by bundling its hardware and software with data center management, systems integration, and consulting services. Q Comm solutions are scalable and enable retailers to sell multiple products from multiple carriers. This scalability enables Q Comm and its partner retailers, agents, and carriers to quickly grow sales at relatively little additional overhead, increasing profitability among all parties. Q Comms products also reduce or eliminate inventory costs, out-of-stocks, and theft, while providing premier reporting and inventory management for all parties in the distribution chain of prepaid services. For its industry innovation and leadership, Q Comm has been selected as one of the Top 10 Companies to Watch" 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.
For additional information contact: Q Comm International, Inc., Tel (800) 626-9941, ext. 3301, Fax (801) 222-9555, paul@qcomm.com or Kirk Fischer, president, Microcap Financial Services, (801) 763-5731, kirk@microcapcentral.com.
|