STOCK------(OTCBB:QIIIF)-----ADV-----STOCK

Title: Untitled Document

STOCK OTCBB:QIIIF

  
  

    
      
        

QI Systems, 
        Inc.
Symbol OTCBB: QIIIF
Category: Technology

        
Shares Issued and Outstanding: 16,363,000
Float (Estimate): 
        3,500,000

        
QIIIF: QI Systems, 
        Inc.

        
LOOKING 
        SMART!

        
QIIIF Capitalizing on 
        the Multi-Billion Dollar Smart Card Industry!

        
It is estimated that nearly one third of the $8.1 trillion worth of 
        cash transactions annually in the world's top 29 economies will 
        eventually be conducted via smart cards. This would mean a tremendous 
        savings for the world's economies. In the United States alone, an 
        estimated $60 billion is spent annually by merchants, financial 
        institutions, and the U.S. Government to handle, keep, and protect 
        physical money. Smart cards are becoming an invaluable solution in the 
        areas of national security, identity theft protection, and privacy. Our 
        featured company QIIIF is the world leader in the top-to-bottom 
        solutions for smart card applications in a global market expected to 
        reach $16 billion by 2005.

        
CLIENT BASE AND 
        STRATEGIC ALLIANCES

        
Companies that use QIIIF's Smart Card technology for their 
        business solutions include: 
Visa International, Bank of America, US 
        Treasury Department, MasterCard International, IBM Corp., USA Today, 
        Visa Canada, Maytag, GPT Payphones, Royal Bank of Canada, Nations Bank, 
        First Union Bank, Mondex, Chase Manhattan Bank, British Columbia 
        Corrections, GPT Payphones, Inc., Bank of Nova Scotia, Sun Trust Bank, 
        Pepsi Venezuela, Canadian Forces, and numerous others. 

        
In addition to the client list above QIIIF partners and 
        affiliates include: VisaCash, Telus Corp., Cale Parking Euipment, Inc., 
        Cardlogix, Edoc Systems, EFM, GemPlus, Jayd LLC., Mondex, Aurora Bar 
        Code Technologies, and Touch Technology International.

UPDATE!
QI Systems, 
        Inc. Releases Stock Analysis
5/20/2004 (BUSINESS WIRE) -- QI Systems 
        Inc. (OTCBB : QIIIF) 
        today released a report on their Company prepared by Analyst 
        Howard N. Stillman on March 12, 2004. 

CORPORATE SNAPSHOT

        
QI Systems, Inc. (OTCBB: QIIIF) is a Canadian corporation with 
        headquarters in Richmond, British Columbia, Canada, and Colleyville, 
        Texas, U.S. QIIIF designs hardware and software for the rapidly 
        expanding smart card industry. The company is the world leader in 
        top-to-bottom solutions for smart card applications in a wide variety of 
        industries.

        
MARKET 
        POTENTIAL

        
The Department of Defense has now issued 1.8 million Smart Cards and 
        continues to issue up to 12,000 per day in more than 15 countries. 
        Healthcare alone estimates that up to $70 billion of the $1.4 trillion 
        healthcare costs for Americans is due to fraud. Dr. John Butterworth, 
        president of Security Sciences, Inc., predicts that medical industry 
        companies will use Smart Cards to thwart fraud. The gaming/casino 
        industry is also turning to Smart Cards to more easily deposit, payout, 
        debit, rate, and reduce theft. Other opportunities and growth prospects 
        for smart cards are staggering. In the U.S. alone, there are more than 7 
        million vending machines with $37 billion in annual sales. Conversion of 
        just 10% of these to smart card applications indicates a $400 million 
        market. Laundry machines, newspaper boxes, copiers, parking, and transit 
        offer other potentially lucrative opportunities.

        
FINAL 
        CONSIDERATIONS

        
· QIIIF's SmartKit permits secure, conditional access, 
        flexible multicard payment and data to be performed in a low-cost, 
        easy-to-use manner.

        
· QIIIF is pursuing possibilities that will affect homeland 
        and international security.

        
· QIIIF is the only company that met MasterCard and Visa's 
        rigorous criteria for Smart Card technology.

        
· QIIIF announced that revenues increase in both of the first 
        two quarters of 2004.

        
· A report from marketing consultants Frost & Sullivan on the 
        global Smart Cards market predicts the number of cards in circulation 
        could more than double from $1.75 billion in 2000 to $3.66 billion by 
        2004. 

This email is for informational 
        purposes only, and is neither a solicitation to buy nor an offer to sell 
        securities. All assembled information within is subject to change 
        without notice. The assembled information within this email is based on 
        public information supplied by the company or from other sources 
        believed to be reliable, but no representation, expressed or implied, is 
        made as to its accuracy, completeness or correctness. Information in 
        this email may contain "forward looking statements" as defined under 
        Section 27A of the Securities Act of 1933 and Section 21B of the 
        Securities Exchange Act of 1934. An example of forward-looking 
        information are statements relating to the future capital expenditures, 
        future funding sources, anticipated sales growth, and potential 
        contracts. These and similar forward statements are subject to a number 
        of known and unknown risks and uncertainties outside our local control 
        that could cause actual operations or results to differ materially from 
        those anticipated. Icon Advertising Design accepts no liability for any 
        losses arising from an investor's reliance on or use of this report. 
        This assembled information is for informative purposes and is not 
        intended to be used as the sole source of information on a company. 
        Always do your own due diligence and consult a financial advisor. Icon 
        Advertising Design has been paid $2,500.00 by BMA Ventures, Inc., for 
        the presentation and dissemination of the assembled information. Icon 
        Advertising Design 1846 E. Rosemeade Parkway #104 
        Dallas, TX 75007 

        
 

        
 

        

        

 

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