QI Systems Receives Company’s Largest Order

In April, 2004, QI announced an order from Cale Systems, Inc. for 525 units of the SmartKit Hybrid payment terminals for delivery by the end of 2004. Both companies are pleased to announce today that the 2004 order is now fully delivered and Cale has issued a new order for 1480 units, the value of which is in excess of $700,000US. The units from this order are scheduled for delivery over twelve months and the first 100 units of the new order will be shipped this month. The Company anticipates additional orders from Cale in 2005 as more of their projects move from the pilot stage to full implementation.


"We are very pleased to be working closely with Cale Systems to expand their markets and to meet their customers' card payment requirements," said Rick Murray, P.Eng, and VP Business Development at QI Systems. "Our products have given them a market advantage in North America and we are working to provide them similar benefits in other markets."


Cale Systems, Inc. is a Montreal subsidiary of Cale Access AB of Solna, Sweden. Founded in 1955, Cale Access is an established global leader in self-serve parking revenue systems for on-street and off-street use. Since early 2000, QI Systems and Cale have worked together to provide the parking industry with state-of-the-art card payment solutions.


QI Systems' President and CEO, Steve Garman, commented, "We are extremely pleased with the solid business relationship we have developed with Cale and are delighted to have the opportunity to partner with them to provide high quality products for an expanding market. While this individual order is significant because of the revenue it represents, QI Systems also expects to experience substantial sales growth from other industries during 2005."

QI Systems Inc. designs and sells card payment solutions for various industries. Products and core competencies include smart cards and stored value systems, security protocols, data communications, software design and hardware manufacture.
Matters discussed in this press release may include “forward-looking statements” which are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward looking statements as actual results may differ materially from those expressed herein. QI Systems is protected from litigation regarding forward looking statements and undertakes no obligation to publicly update such forward-looking statements.

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