[June 10, 2004] Fred Schade Joins Q Comm as Vice President of Engineering OREM, Utah --(Business Wire)-- June 10, 2004 -- Q Comm International, Inc. (AMEX:QMM)(AMEX:QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, today announced that Fred Schade has joined Q Comm as Vice President of Engineering. Mr. Schade comes to Q Comm with over 21 years of experience in IT and software development. Most recently he served as the CTO and Vice President of R&D for MediConnect.net Inc. where he joined the company in 2000 and was responsible for all phases of product development and R&D strategies. He developed the de facto standard (EDI) for medical record retrieval now used in the multi-billion dollar medical record retrieval industry. From 1997 to 1999 he was the Director of Software Development for NetSchools Corporation, where he built and directed a 170-member team that performed most of the company's engineering, quality assurance, design, operations, maintenance, and support. From 1993 to 1997 he was the Director of Software Development for the Waterford Institute, where he was responsible for development of the Waterford Early Reading Program (ERP). From 1989 to 1993 he served as a Software Engineer and Product Manager for IBM. He is the inventor/co-inventor of six technology and business process patents, four of which have been issued and two of which are pending. Terry Kramer, President and CEO of Q Comm, stated, "I believe Fred brings us strong management and leadership skills with extensive experience in the development of mission critical software, enterprise networks, and Internet infrastructures. Fred will be an outstanding asset to have on board. I believe his application development experience will be invaluable as we develop new products and application platforms to grow our business. Marko Viitanen, our Director of Information Technology, will report directly to Fred. As the key leaders of our technology team they form a solid foundation of technology savvy to take advantage of the many market opportunities for Q Comm." ABOUT Q COMM INTERNATIONAL: Established in 1992, Q Comm International provides proprietary prepaid transaction processing and information management systems that facilitate electronic recharge or distribution of prepaid products from service providers or their distributors to retail points of sale. Q Comm's solutions 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. In concert with its proprietary data center platform, Q Comm's point-of-sale terminal, Qxpress 200(TM), is currently used by wireless carriers or mobile operators, telecom distributors, and various retailers to sell a wide range of prepaid products and services including prepaid wireless or prepaid mobile, prepaid phone cards, prepaid dial tone and prepaid bank cards, such as prepaid MasterCard. Visit www.qcomm.com for more information. 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-K for the year ended December 31, 2003, 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. [ Back To TMCnet.com's Homepage ]