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POSA TECH CHOOSES Q COMM POSA TECHNOLOGY
(Orem, UT) -- March 11, 2003 -- Q Comm International, Inc. (OTC BB: QCCM), a business services company focusing on the electronic distribution of prepaid wireless airtime and other prepaid services, announced today that POSA Tech Inc. has chosen its Qxpress 200 POSA (point-of-sale activation) technology for the electronic recharge and distribution of prepaid wireless airtime, phone cards and other services to POSA Techs participating retailers.
(PRWEB) March 22, 2003 -- March 11, 2003 -- Q Comm International, Inc. (OTC BB: QCCM), a business services company focusing on the electronic distribution of prepaid wireless airtime and other prepaid services, announced today that POSA Tech Inc. has chosen its Qxpress 200 POSA (point-of-sale activation) technology for the electronic recharge and distribution of prepaid wireless airtime, phone cards and other services to POSA Techs participating retailers.
Although POSA Tech is a young company, we have one of the most experienced executive teams in the prepaid industry," said Doug Pfeiffer, CEO of POSA Tech. As pioneers in prepaid and POSA, we know the industry inside and out. When we launched our business, we knew that the future of the prepaid industry would be electronic distribution of services. In examining the top 4 POSA companies, by far, Q Comm offers the most powerful and innovative POSA systems on the market. As evidenced in our literature and in our promotions, were 100 percent with Q Comm.
So far we have installed nearly 100 of Q Comms Qxpress 200 terminals in retail locations," continued Pfeiffer. Our sales volume per store running through Qxpress has been good at about $2,200 per month. Were basically just getting started and expect to see the numbers of terminal placements increase dramatically since we just signed three significant retail chains. Also, we were just chosen as the exclusive prepaid category manager for the buying group for many of the BP Amoco, ConocoPhillips, and Marathon Oil convenience stores and gas stations. We look forward to the opportunity to demonstrate Qxpress for many of the storeowners."
POSA Tech Inc. is headquartered in Ft. Lauderdale, Florida and maintains a satellite office in Phoenix, Arizona. The company describes itself as a prepaid category manager that umbrellas all prepaid services and improves distribution through the efficient, electronic Qxpress technology. POSA Tech works with both large retail chains and independent stores. POSA Techs retail clients currently include wireless stores, convenience stores and check cashers, and the company plans to begin working with grocery and drug stores in the near future. POSA Tech offers its retail clients turnkey services including assistance in selecting prepaid products, merchandising, and training on POSA and daily operations. It recruits retail clients both through independent agents and its own direct sales force.
The POSA Tech executive team, made up of Doug Pfeiffer, Tim Hill and John Snyder, represents some of the most experienced pioneers in the prepaid industry. Doug Pfeiffer, CEO, is a POSA pioneer who has worked in the POSA industry for the past 6 years. Tim Hill, president, was instrumental in launching AT&Ts Free to Go" prepaid wireless program in 2000. While at AT&T, he signed more than 3,000 retail distribution points accounting for greater than $75 million in annual sales and was also responsible for researching POSA. John Snyder, executive vice president, pioneered Sprints prepaid program starting with phone cards in 1992. In 1998 he was recruited by AT&T as the Director of Prepaid Services.
We are impressed with POSA Tech," said Stephen C. Flaherty, president of Q Comm International. They have some of the most experienced POSA and prepaid players in the industry. Combining their industry expertise with aggressive marketing, POSA Tech has done a nice job developing a turnkey point-of-purchase kit for retailers. They have been successful adding new distribution points and are on track to accomplish big things. We look forward to working with them in an ongoing partnership."
ABOUT Q COMM INTERNATIONAL:
Established in 1992, Q Comm International, Inc. is a public (OTC BB: QCCM), international business services company. The Company provides a proprietary, cost-effective, flexible prepaid transaction processing and information management system. Its objective is to offer cost-effective, flexible solutions that facilitate electronic distribution of prepaid services from suppliers or distributors to retail points of sale. Q Comm solutions are scalable which enable it and its partner carriers, distributors and retailers 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.
Contacts:
Jeff Salzwedel
Salzwedel Financial Communications
+1 (503) 638-7777
Paul Hickey
Q Comm International, Inc.
+1 (801) 226-4222, ext. 3302
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