QI Systems Inc. Ships Last Phase of Large Cale Parking Order - Projects Record Revenue for Fiscal 2007
QI Systems Inc. (OTCBB: QIII) announced the Company has made the final shipment against the order received in February 2007 from Cale Systems, Inc.
The second shipment completes the total order valued at US$200,000. The order is for QI Hybrid card payment terminals for use in Cale's self-serve parking machines.
Mr. Steven R. Garman, QI Systems' CEO and president, commented, "The Cale shipment is the first of several significant orders expected to be shipped and closed before the end of the Company's June 30, 2007 fiscal year end. The Company continues to expect record breaking revenue in fiscal 2007. With the launch of our new QiWave readers and reload machines, the outlook for fiscal 2008 appears even brighter."
Mr. Steven R. Garman, QI Systems' CEO and president, commented, "The Cale shipment is the first of several significant orders expected to be shipped and closed before the end of the Company's June 30, 2007 fiscal year end. The Company continues to expect record breaking revenue in fiscal 2007. With the launch of our new QiWave readers and reload machines, the outlook for fiscal 2008 appears even brighter."
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