Q COMM ANNOUNCES CLOSING OF $14.3 MILLION PUBLIC OFFERING

Q Comm International, Inc. (Amex: QMM) today announced that it has closed its previously announced public offering of 1,100,000 units. The units were priced at $13 per unit, yielding gross proceeds to the company of $14.3 million. Paulson Investment Company, Portland, Oregon, underwrote the offering.

Orem, UT (PRWEB) July 2, 2003 -- Q Comm International, Inc. (Amex: QMM) today announced that it has closed its previously announced public offering of 1,100,000 units. The units were priced at $13 per unit, yielding gross proceeds to the company of $14.3 million. Paulson Investment Company, Portland, Oregon, underwrote the offering.

The units will trade until July 25, 2003 after which the common stock and warrants included in the units will trade separately. The units trade under the symbol QMM.U; however, private reporting news services may track the units under a different symbol. Please contact your vendor for additional information.

Q Comm is now a stronger company," said Paul Hickey, chief executive officer of Q Comm International. The proceeds of the public offering enable us to significantly increase production and placement of our Qxpress terminals to satisfy existing demand in the U.S. and internationally."

ABOUT Q COMM INTERNATIONAL:
Established in 1992, Q Comm International provides proprietary prepaid transaction processing and information management systems that facilitate electronic recharge or distribution of prepaid products from service providers or their distributors to retail points of sale. In concert with its proprietary data center platform, Q Comms point-of-sale terminal, Qxpress 200, is currently used by wireless carriers or mobile operators, telecom distributors, and various retailers to sell a wide range of prepaid products and services including prepaid wireless or prepaid mobile, prepaid phone cards, prepaid dial tone and prepaid bank cards, such as prepaid MasterCard. Q Comms transaction processing center (TPC) and Qxpress 200 point-of-sale activation (POSA) terminals enable service providers, such as wireless carriers, and their distributors to electronically distribute their prepaid airtime to retail points of sale. This replaces traditional hard cards (also known as scratch cards or vouchers) which are costly to distribute. Q Comms prepaid TPC and POSA technologies also provide more comprehensive reporting and inventory management among other benefits. For more information, visit the Company's Web site at http://www.qcomm.com/index.php?page=products&expanded1=false&subpage=Qxpress_200.html">www.qcomm.com.

This press release contains forward-looking statements involving risks and uncertainties that may cause actual results to differ materially from those indicated due to a number of factors, including the companys financial condition and cash flow, market conditions, and general economic conditions. The Companys plans and objectives are based on assumptions involving judgments with respect to future economic, competitive, regulatory and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Companys control. Therefore, there can be no assurance that the forward-looking statements will prove to be accurate. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Contacts:
Jeff Salzwedel
Salzwedel Financial Communications
+1 (503) 638-7777

Paul Hickey
Q Comm International, Inc.
+1 (801) 226-4222, ext. 3301