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Q COMM RECEIVES EUROPEAN COMMITMENT FOR 26,000 QXPRESS UNITS
(Orem, UT) -- February 1, 2002 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has signed an agreement with WGR, a European telecommunications distributor, for the installation of a Q Data Center and the purchase of Qxpress 200 terminals. The agreement is effective immediately, and commits WGR to purchase 26,000 Qxpress terminals in the first two years.
(PRWEB) February 3, 2002 -- February 1, 2002 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has signed an agreement with WGR, a European telecommunications distributor, for the installation of a Q Data Center and the purchase of Qxpress 200 terminals. The agreement is effective immediately, and commits WGR to purchase 26,000 Qxpress terminals in the first two years.
WGR has affiliates in the United Kingdom, Germany, Belgium, Spain, France and Switzerland. It now sells prepaid wireless and a variety of other prepaid services through many retail locations in Europe.
WGR will provide carriers, brokers and retailers with Q Comms full suite of services, which, in addition to electronic product delivery, include managing transactions, reporting, funds transfer, software customization, consulting, legacy connections, electronic point of sale (EPOS), and more. Under this agreement, WGR will purchase Qxpress 200 terminals and pay Q Comm transaction fees on all sales processed through Q Comm systems.
WGR intends to install Qxpress 200 terminals throughout Europe in various retail locations that sell prepaid wireless and other telecom services. By also installing and managing a centralized Q Data Center, WGR will then be able to electronically deliver prepaid services to all participating retailers. Retailers will be able to produce airtime cards on demand, through real time or just-in-time modes. The wireless carriers and other suppliers, that WGR represents, will also boost distribution efficiencies by eliminating many airtime scratch cards and the costs associated with their production, handling, shipping, and fraud.
The agreement with WGR represents several significant milestones for Q Comm," said Stephen C. Flaherty, president of Q Comm International. Not only does it signal the release of our new Q Data Center, it also introduces our international business model which facilitates rapid, worldwide growth by leveraging the local experience, relationships and management power of established, international organizations. We are very pleased to establish a relationship with an aggressive European partner like WGR who shares many of the same business philosophies that we have cultivated at Q Comm."
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.
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