Q Comm International Engages Elite Financial Communications Group; Company to Launch Market Awareness Campaign Immediately
OREM, Utah--(BUSINESS WIRE)--July 11, 2003--Q Comm International Inc. (AMEX:QMM; QMM.U), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced it has engaged Elite Financial Communications Group, LLC, a full-service, pro-active financial communications, investor relations and strategic resourcing firm, to serve as its investor and financial media relations counsel.
Elite will work closely with Q Comm's executive management team to develop comprehensive investor relations' messages that will most pro-actively support Q Comm's strategic vision, operational and financial performance and ongoing business expertise. In addition, Elite will assist in the development of customized, high-quality, high-impact and fully integrated media communications programs designed to increase consumer, industry and investor awareness of the company's exciting growth strategies.
Dodi Handy, president and CEO of Elite, stated, "After having spent time with Q Comm's management team, it became evident to us that this is no ordinary company. With a clear-cut plan of action on aggressively implementing its growth strategies, a vision to revolutionize its industry and ample cash resources to fund its efforts, Q Comm has all the makings of a 'Wall Street darling.' We look forward to playing a key role in assisting Q Comm gain much deserved attention from the financial community as the company continues distinguishing itself as an industry leader in the delivery of technologically advanced prepaid products and services."
About Elite Financial Communications Group, LLC
Headquartered in Lake Mary, Fla. with regional and partner offices in Miami and New York City, Elite Financial Communications Group combines diverse expertise, influence, talent and capabilities to achieve quantifiable results for both publicly traded and privately held companies. Established in December 2001 by a partnership group composed of highly reputable financial, marketing and business experts, Elite is rapidly earning international distinction for challenging industry convention and for taking the lead in establishing best practices for pro-active financial communications, investor relations and strategic resourcing. Visit www.efcg.net for more information.
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 Comm's 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 Comm's point-of-sale activation (POSA) terminal, Qxpress 200(TM), 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.
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 company's financial condition and cash flow, market conditions, and general economic conditions. The company's 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 company's 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.
CONTACT:
Elite Financial Communications Group
Stephanie Noiseux, 407-585-1080
or
Salzwedel Financial Communications
Jeff Salzwedel, 503-638-7777
SOURCE: Q Comm International Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 07/11/2003 07:30 EASTERN
Overallotment Option is Exercised in Q Comm Public Offering
OREM, Utah--(BUSINESS WIRE)--July 14, 2003--Q Comm International Inc. (AMEX:QMM; QMM.U), today announced that Paulson Investment Co., the managing underwriter of Q Comm's recent public offering, has exercised the over allotment option to acquire an additional 165,000 units. The public offering price for the units is $13 per unit, resulting in additional gross proceeds of $2,145,000. Taking into account the over allotment option, the total size of the offering is 1,265,000 units and the total gross proceeds are $16,445,000.
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 Comm's 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 Comm's point-of-sale terminal, Qxpress 200(TM), 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.
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 company's financial condition and cash flow, market conditions and general economic conditions. The company's 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 company's 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.
CONTACT:
Salzwedel Financial Communications
Jeff Salzwedel, 503-638-7777
or
Q Comm International Inc., Orem
Paul Hickey, 801-226-4222, ext. 3301
SOURCE: Q Comm International Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 07/14/2003 13:18 EASTERN |