SOURCE: QI Systems Inc.

June 12, 2007 07:00 ET

QI Systems Introduces Innovative New Product Line at CLEAN Show 2007

QiWave™ Wave 'n Wash™ Provides Complete Contactless Payment Solution

DALLAS, TX and VANCOUVER, BC--(Marketwire - June 12, 2007) - QI Systems Inc. (OTCBB: QIII), a leading developer and integrator of contact and contactless card payment, access control and tracking solutions, today announced that the Company introduced its new Wave 'n Wash™ product line marketed under the QiWave™ brand at the CLEAN Show 2007 in Las Vegas. The Wave 'n Wash laundry payment solution features both card-ready machine readers and coin box replacement readers that accept multiple card types while affording either on-line or off-line capability. A new contactless cash-to-card reload station is part of the Wave 'n Wash offering which also includes a comprehensive web-based management software suite.

From QI's booth #3348 at the Las Vegas Convention Center, the Company is demonstrating its contactless card and key fob payment system for washing machines and dryers which supports several equipment manufacturers. QI will meet with dealers and laundry operators at the Clean Show, which is the world's largest exposition of equipment, products and services for the textile care industry.

QI Systems' Vice President of Business Development, Stephen B. Riegel, commented, "Wave n Wash, was developed by QI Systems with the assistance of several leading laundry industry veterans. Based on their input, we have created a payment solution that offers contactless technology which uses both cards and key fobs. The plug and play readers have been designed to allow for quick and easy price adjustments and data collection without having to network the machines. Finally, we designed a comprehensive web-based management software suite to track and analyze the activity of the laundry facility. This exciting technology can not only be used for laundry equipment, but can also be used in vending machines and for access control. We believe that Wave 'n Wash is a highly effective, price competitive laundry payment system which is an improvement over existing payment solutions."

About QI Systems:

QI Systems Inc. develops and markets innovative chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart card and stored value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit http://www.qisystemsinc.com.

Matters discussed in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements.

Contact Information

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