Corporate Profile for Q Comm International Inc., dated Oct. 6.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Oct. 6, 2000
Company Name: Q Comm International Inc.
Address: 1145 South 1680 West
Orem, UT 84058
Main Telephone
Number: 801/226-4222
Internet Home
Page Address
(URL) www.qcomm.com
Chief Executive
Officer: Paul Hickey
Chief Financial
Officer: Robert Sheidler
Investor Relations
Contact: Paul Hickey
Business number: 801-226-4222
E-mail address: paul@qcomm.com
Public Relations
Contact: John Hickey
Business number: 801/226-4222
E-mail address: john@qcomm.com
Industry: Wireless, prepaid
Trading Symbol/
Exchange: OTCBB:QCCM
Company description: COMPANY OVERVIEW Q Comm See comms. International Inc. is a leading infrastructure provider for prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay ment n. wireless replenishment replenishmentthe addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. and other prepaid telecom services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Utilizing its revolutionary, electronic point-of-sale activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. (POSA POSA Public Order and Security Act POSA Pattern Oriented Software Architecture POSA Passive Optical Sample Assembly POSA Parks and Open Space Advocates (Seattle, WA) PoSA Pomona College Student Art Gallery ) platform, Qxpress(TM), Q Comm currently delivers prepaid wireless and other services through hundreds of retail locations nationwide. Qxpress(TM) delivers services on demand by accessing Q Comm's proprietary server network through a standard phone line. With Qxpress(TM), retailers avoid all inventory costs, out-of-stocks, and theft, and achieve many other benefits that traditional distribution systems fail to deliver. Q Comm's Qxpress(TM) infrastructure solution essentially acts as a delivery conduit conduit /con·du·it/ (kon´doo-it) channel. ileal conduit the surgical anastomosis of the ureters to one end of a detached segment of ileum, the other end being used to form a stoma on the through which Q Comm can funnel an almost-infinite bandwidth of prepaid wireless and other services from an unlimited number of carriers to its expanding network of nationwide retailers. This flexible electronic platform gives Q Comm, and its partner retail sites, the ability to exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. grow sales and profitability in a short time at little additional overhead. For its industry innovation and leadership, Q Comm was recently selected as one of the "Top 10 Companies to Watch for 2000" by Intele-Card News InteleCard News Intele-Card News was once regarded as one of the most influential magazines in telecommunications. Typically, this type of publicaton is considered a trade journal. , the prepaid telecom industry's leading publication. INDUSTRY With many industry analysts predicting that telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , spearheaded by skyrocketing wireless growth, will lead the U.S. economy over the next decade, the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. goes a step further and labels prepaid wireless as the fastest growing segment of the entire wireless market. One of the many market pressures driving the mushrooming growth of prepaid wireless is the fact that billable plans alienate To voluntarily convey or transfer title to real property by gift, disposition by will or the laws of Descent and Distribution, or by sale. For example, a seller may alienate property by transferring to a buyer a parcel of the seller's land containing a house, in or completely ignore more than 28 million U.S. consumers who have poor or unestablished Adj. 1. unestablished - not established; "a reputation as yet unestablished" constituted, established - brought about or set up or accepted; especially long established; "the established social order"; "distrust the constituted authority"; "a team established as a credit. Today, as in the past, billable wireless companies reject more than 33 percent of applicants due to poor or unestablished credit. Driving the viral Meaning "related or caused by a virus," with regard to computers and information technology, the term refers less to a computer virus than it does to information that spreads quickly via the Internet. See viral marketing and viral video. demand specifically for Q Comm's products is the fact that the company provides revolutionary solutions to each of the industry's key members including consumers who have been unserved by billable wireless plans; retailers who need to reduce inventory costs, out-of-stocks, and theft; undercapitalized Undercapitalized A business has insufficient capital to carry out its normal functions. undercapitalized Of, relating to, or being a firm that has insufficient long-term equity to support its assets. resellers who need to migrate to a POSA platform or risk losing their business; and carriers who need retail distribution partners and improved inventory management. Q Comm offers the technology, product solutions, and strategies to meet the needs of each of these key industry members. STRATEGY Q Comm's objective is to be the leading, electronic platform for prepaid wireless replenishment at retail locations throughout the U.S. Key components of its strategy are to: control the retail end points for prepaid wireless replenishment; grow through resellers; focus on small to medium-sized retail chains; establish Qxpress(TM) as the industry's preferred product delivery platform; drive multiple revenue streams through its national network of retailers; and grow through acquisitions. FINANCIAL Through modifying its business plan at the end of 1999, Q Comm was able to double sales from first quarter to second quarter 2000 and anticipates similar strong financial growth in the future. To fund growth, the company intends to raise at least $2 million through equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. by the end of 2000. INVESTMENT HIGHLIGHTS: -- Ground Floor of Emerging High-Growth Market -- Q Comm is on the ground floor of one of today's fastest-growth, emerging markets. The skyrocketing growth of the wireless telecom industry is being led by prepaid wireless which is forecast by The Yankee Group to grow to more than $20 billion by 2002 and account for 28 percent of all wireless phone payments by 2003. -- Unique Market Solutions -- Q Comm provides revolutionary solutions to each of the industry's key members including consumers who have been unserved by billable wireless plans; retailers who need to reduce inventory costs, out-of-stocks, and theft; undercapitalized resellers who need to migrate to a POSA platform or risk losing their business; and carriers who need retail distribution partners and improved inventory management. -- Strategic Industry Positioning -- Q Comm is working to become the infrastructural foundation upon which the entire prepaid wireless industry builds by establishing its platform as the solution of choice among the prepaid industry in order to capture a piece of all prepaid transactions whether sold by the company, its expanding network of resellers, competing resellers, or carriers. -- Unlimited Growth Capacity -- Qxpress(TM) gives Q Comm a pipeline of unlimited product delivery bandwidth into each of its many retail outlets nationwide. Through its centralized, remote management and programming of Qxpress(TM) units, Q Comm can quickly deploy new products through its national network of retailers and rapidly boost sales at little additional overhead. -- Demonstrated Success and Strong Company Growth Trend -- Q Comm is successful in achieving contracts with large carriers such as Verizon Wireless as well as many resellers such as CellCards who alone forecasts installing several thousand Qxpress(TM) units within the next year. Through modifying its business plan at the end of 1999, Q Comm was able to double sales from first quarter to second quarter 2000 and anticipates similar strong financial growth in the future. Q Comm maintains a web site at www.qcomm.com. |
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