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Technology Stocks : Q/Media Software Corp (QMS.T) -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (561)	10/5/2000 5:17:48 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 568

Q-Media Honoured For Growth And Performance At 2000 Entrepreneur Of The Year Ceremony; Shareholders Approve the Creation of Preferred Shares Vancouver, BC - Thursday, October 5, 2000, 9:00 AM EDT Q-Media Services Corporation was recently honoured for its growth and strong financial performance at an Entrepreneur of the Year Ceremony recently held for the Pacific Canada Region. Robert M. Lawrie, President and CEO, accepted the award for Entrepreneur of the Year, in the Business-to-Business, Products and Services category, on behalf of the employees of Q-Media. Mr. Lawrie noted that to grow from $2 million to more than $200 million in annual sales in six short years has taken tremendous commitment from many employees and, importantly, the support of their families. Mr. Lawrie also acknowledged the support of the software industry for allowing Q-Media to become a key service provider over the last 15 years. In addition, on October 2, at an extraordinary general meeting, the Company's shareholders approved the creation of the Preferred Shares required to complete certain obligations of the Company under the acquisition of Quebecor World's CD-ROM manufacturing facilities. Under the terms of that transaction Q-Media will issue to Quebecor World approximately $24 million (US$16 million) of preferred shares. The redeemable, convertible preferred shares have a term of 12 months with an option by Q-Media to extend an additional six months and carry a coupon of 6% payable at the earlier of redemption or upon expiry of the term. It is the Company's intention to redeem the shares from Quebecor World. The Company also announced the appointment of Bruce W. Simpson to its Board of Directors. Mr. Simpson is formerly Executive Vice President of Trans Canada Pipelines Ltd. and President and Chief Operating Officer of Nova Gas. Mr. Simpson brings to the Q-Media Board over 30 years of arranging financing and managing operational change in high-growth situations. Mr. Simpson is a member of the Chartered Accountants of Alberta. Q-Media Services Corporation operates seven supply chain management facilities located in Vancouver, Canada; Redmond and Fife, Washington; Irvine, California; Austin, Texas; Nashville, Tennessee and Westborough, Massachusetts. These facilities provide complete outsourced supply chain management services to technology customers such as hardware manufacturers in the personal computer industry, content publishers, and software publishers. The Company's services include planning and procurement of materials, production and assembly services, and fulfillment and inventory management. Shares of Q-Media Services Corporation are traded on the Toronto Stock Exchange under the symbol (QMS). U.S. S.E.C. exemption: 12g3-2(b) 82-3761. Further information can be found at the web site: www.qmedia.ca. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Jon W. Kieran, Investor Relations (416)868-1079 Hume, Kieran Inc.