Q Comm International Enhances Prepaid Product Offering with Movida Wireless
Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (EPOS) distribution solutions, today announced a partnership with Movida Communications, the nation s first MVNO (Mobile Virtual Network Operator) targeting the Hispanic marketplace. Through this partnership, Q Comm's suite of leading prepaid products will now include Movida Wireless prepaid airtime cards, pins and handsets.
Movida Communications uses Sprint's enhanced all digital PCS network, and currently offers its service nationwide, with emphasis on markets with significant Hispanic populations. Q Comm merchants throughout the United States can now add Movida prepaid airtime and handsets to their product portfolio.
Michael Keough, President and Chief Executive Officer of Q Comm International, said Today s announcement is another example of our success in enhancing our prepaid offering. We bring our merchant network the best prepaid products on the market today, and our partnership with Movida allows our retail partners to benefit from the increasing need for prepaid airtime minutes specifically for the Hispanic market."
Anthony V. Montoya, President of Movida said, "We chose to partner with Q Comm because they provide us fast access to an established national merchant network which targets complimentary consumer demographics. Movida's focus on the Hispanic market is evident in our competitive airtime rates to Latin America and our culturally relevant content. Our partnership with the Cisneros group, and access to their wealth of experience, further differentiates us from other prepaid offerings on the market today."
ABOUT Q COMM INTERNATIONAL:
Q Comm International is a prepaid transaction processor that electronically distributes prepaid products from service providers to the point of sale. Q Comm offers proprietary prepaid transaction processing platforms, support of various point-of-sale (POS) terminals, product management, merchandising, customer support and engineering. Q Comm systems replace traditional hard cards (also known as scratch cards or vouchers) that are costly to distribute, and provide more comprehensive reporting and inventory management among other benefits. Q Comm's solutions are currently used by wireless carriers, telecom distributors, and various retailers to sell a wide range of prepaid products and services including prepaid wireless, prepaid phone cards, prepaid dial tone and prepaid debit cards, such as prepaid MasterCard and Visa. Visit www.qcomm.com for more information.
ABOUT MOVIDA:
Movida Communications, Inc. is a newly formed wireless service provider offering pay-as-you-go wireless voice and data communications services exclusively to the U.S. Hispanic population, using Sprint s all-digital, all-PCS nationwide wireless network. As the nation s first MVNO (Mobile Virtual Network Operator) targeted at Hispanics, Movida offers all standard custom calling features plus a suite of international voice and data services featuring culturally and geographically-focused content in Spanish.
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. The economic, competitive, governmental, technological and other factors identified in the Company s filings with the Securities and Exchange Commission, including the Form 10-KSB/A for the year ended December 31, 2004, may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
Contact Information:
Ashley M. Ammon, Investor Relations
Q Comm International, Inc.
+1 (801) 226-4222 x6090
Q Comm International Enhances Prepaid Product Offering with Movida Wireless