QI Systems Inc. to Move Corporate Domicile from Canada to Texas

Smart card solution provider hires law firm to move corporate location


DALLAS & VANCOUVER, British Columbia -- QI Systems Inc., an innovative provider of custom and pre-designed smart card solutions, today announced that it has chosen the Texas law firm of Cantey & Hanger to facilitate the transfer of its corporate domicile from British Columbia, Canada to the state of Texas.

Executive offices will be located in Dallas. Research and development, engineering and manufacturing operations will remain in Richmond, BC.

Company President and CEO, Steve Garman, stated , "Moving our domicile to the United States should increase our investment-community visibility and elevate our opportunities to collaborate with high-level business partners. The new domicile will also position QI Systems Inc. for an eventual move to a senior exchange."

QI Systems Inc. designs and sells chip-card 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 announcement 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.