Q Comm International Announces the Completion of $2.4 Million Private Placement of Common Stock

Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing today announced today the completion of a private placement of 600,000 newly issued shares of its common stock to four existing shareholders in a private placement generating gross proceeds to Q Comm of approximately $2.4 million. The shares were sold at $4.00 per share.

Orem, UT (PRWEB) July 15, 2004 -- Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing today announced today the completion of a private placement of 600,000 newly issued shares of its common stock to four existing shareholders in a private placement generating gross proceeds to Q Comm of approximately $2.4 million. The shares were sold at $4.00 per share.

Terry Kramer, CEO and President of Q Comm, This transaction was very beneficial for us for several reasons. First, it will strengthen our balance sheet and provide funds to ensure an adequate inventory of Qxpress terminals to meet demand. Secondly, we handled the entire transaction internally with existing shareholders thereby incurring no transaction fees. Lastly, I appreciate the confidence these existing shareholders have shown in us with this additional investment."

The common stock issued in the private placement has not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Q Comm has agreed to file a registration statement covering resales of the shares of common stock by these existing shareholders.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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. Q Comms solutions replace traditional hard cards (also known as scratch cards or vouchers) that are costly to distribute, and provide more comprehensive reporting and inventory management among other benefits. 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. Visit www.qcomm.com for more information.

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the Companys filings with the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2003, may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Contacts:
Scott Liolios
Liolios Group, Inc.
+1 (949) 574-3860

Terry Kramer
Q Comm International, Inc.
+1 (801) 805-6011

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