QI Systems and CardLogix Announce First Phase Completion of Smart Card Payment Solution for Parking in Santa Monica

Over Six Thousand Meters Adapted to Smart Card Payment Solution.
Dallas, TX & Richmond, B.C. — April 20, 2006 — QI Systems Inc. (OTCBB: QIIIF), a leading developer and integrator of smart card payment, access-control and tracking solutions and CardLogix, a leading supplier of smart cards and software for the secure transaction of data and value, announce the launch of a re-loadable stored value card scheme for payment of parking in the City of Santa Monica, California. QI Systems along with CardLogix have developed a smart card-based solution for the payment of parking fees at meters throughout the city, which collects on 6,400 spaces.

QI Systems and CardLogix have worked together on a number of stored value systems for parking over the past several years. The Santa Monica program is modeled after the successful installation of a similar system several years ago in the City of San Diego. As in San Diego, the system uses QI Console Value Reload terminals to monetize the customer cards. A feature of this system is the ability to work with the city’s existing installed base of parking meters from major suppliers. The QI Console Reload Terminal is placed with attendants in City-owned ‘parkades’ for easy access by consumers.

Steve Garman, President and CEO of QI Systems, stated, “We are pleased with the first phase completion of the Santa Monica project. We will continue to introduce our smart card parking solution in the city over the next year. QI and CardLogix are actively pursuing other opportunities where this innovative method of card reload can be used. The system is very cost effective for the city or municipality and provides a high level of convenience for the customer. We believe it will be a consistent contributor to our growing revenue base.”

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.

The OTCBB Exchange does not accept responsibility for the adequacy of this news release and has not investigated the validity of these claims.

QI Systems Inc.
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