Q COMM RAISES $2 MILLION IN PRIVATE PLACEMENT

(Orem, UT) -- February 15, 2002 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has raised $2 million in a private placement. The Company closed on $1.495 million in funded subscriptions and $505,000 in subscriptions receivable. The Company issued 2 million shares of restricted common stock at $1.00 per share with no registration rights and no warrants.

(PRWEB) February 17, 2002 -- February 15, 2002 -- Q Comm International, Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, announced today that it has raised $2 million in a private placement. The Company closed on $1.495 million in funded subscriptions and $505,000 in subscriptions receivable. The Company issued 2 million shares of restricted common stock at $1.00 per share with no registration rights and no warrants.

The Company intends to use the proceeds for general corporate purposes, to strengthen its balance sheet, to accelerate the launch of new products, and to capture additional market share.

We were pleased to be able to raise this much capital on these terms," said Paul Hickey, Chief Executive Officer of Q Comm International. The amount of capital we were able to raise exceeded our expectations. This money helps solidify Q Comms financial condition, foster aggressive growth, and position us to take advantage of additional opportunities. These are exciting times for Q Comm as we continue to expand throughout the United States and launch internationally. I am also pleased that we have been able to raise the money with quality investors who I believe will be long-term supporters."

As a reminder Q Comm will host a conference call today at 10:30 AM Eastern Time to elaborate on recent press releases and company developments.

For parties interested in participating in the conference call, the dial-in number will be 1-800-950-1447 for domestic callers and +1-303-694-3471 for international callers (those outside of the United States.) After dialing in, confirmation code 1547990 will be needed to access the conference call.

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. relating to subscriptions receivable, aggressive growth, additional business opportunities and U.S. and international expansion of Q Comm's business. 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 risks (i) that subscribers will not fund their subscriptions receivable and the Company will have less cash than planned for operations and expansion, (ii) that the Company will not have enough capital or cash from operations to execute its business plan, (iii) that better capitalized competitors will introduce products and services with better market acceptance than the Company's products and services, (iv) that the Company's QExpress 200 product will not enjoy market acceptance in the U.S. or internationally, and (v) that government regulation in any of the Company's markets will adversely affect the Company's operations. Other risks and uncertainties are referenced in the Company's filings with the SEC including its most recent Form 10-K and Form 10-Q

For additional information contact: Q Comm International, Inc., Tel (800) 626-9941, ext. 3301, Fax (801) 222-9555, paul@qcomm.com.