clearstation.com
Thursday July 12, 2001 07:01 AM
Company Press Release
Q Comm Posts Record Sales
OREM, Utah--(BUSINESS WIRE)--July 12, 2001--Q Comm International Inc. (OTC BB: QCCM), a prepaid wireless technology and information services company, Thursday announced that its second quarter 2001 sales nearly reached 4 million at 3,885,910 (neither audited nor reviewed).
"We continue to experience healthy revenue gains," said Paul Hickey, chief executive officer of Q Comm International. "Hitting 3.8 million for the quarter is a new record high for Q Comm. Based on weekly sales, our annual run rate is now in excess of 19 million.
"Because of the repeat nature of our business, we're confident that we will continue to build upon current revenue levels from one quarter to the next.
"Part of our sales success has to do with the fact that each installed Qxpress terminal is producing increasing volumes of revenue. Just in second quarter, we witnessed our revenues per unit increase more than 28 percent from April to May and more than 33 percent from May to June.
"This is a strong testament to the growing popularity of prepaid wireless and other prepaid telecom services in the United States as more and more Americans are adopting prepaid services.
"In the U.S., prepaid wireless continues to grow at nearly four times the rate of postpaid. Consulting firms peg prepaid as the biggest growth market of the U.S. wireless industry between now and 2004. And prepaid wireless replenishment revenues are forecast to grow from 4.1 billion in 2001 to 10 billion by 2003.
"As robust as things are here in the U.S., they are even more notable on a global scale. Prepaid mobile adoption has been so strong overseas that even though it's only about five years old, prepaid already accounts for more than one-third of all mobile subscribers worldwide. Forecasts peg prepaid at 60 percent of total mobile subscribers by the end of 2003.
"In fact, prepaid already accounts for about 60 percent of the more than 200 million mobile subscribers in Western Europe. Prepaid's popularity is surging in many other places as well. For example, 75 percent to 90 percent of new Latin American mobile phone subscribers choose prepaid plans.
"All of this surging industry growth and consumer demand represents underlying factors aiding Q Comm's sales growth. We're uniquely positioned in the prepaid mobile industry at the right time. We have cutting-edge solutions to the biggest problems involved in the distribution and sales of prepaid wireless airtime and other services.
"We've essentially digitized the delivery of prepaid services and reduced shipping time from days to nanoseconds. Q Comm provides key transaction profiling that was previously nonexistent. We virtually eliminate theft, stock outages and inventory costs, as well as provide a host of other benefits to industry players.
"Our surging growth has a lot to do with the fact that we have a powerful solution for an enormous, young, and rapidly growing industry." |
