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Q Comm Completes Acquisition of Point De Vente Inc., a Canadian Prepaid Wireless Distributor







Q Comm Completes Acquisition of Point De
Vente Inc., a Canadian Prepaid Wireless
Distributor

Q Comm Completes Acquisition of Point De
Vente Inc., a Canadian Prepaid Wireless
Distributor
07/15/2004 03:10 AM

Q Comm International, Inc. (Amex: QMM; QMM.WS), a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions today announced the acquisition of Point De Vente Inc, a distributor of prepaid wireless products based in Montreal, Quebec, Canada. Point de Vente has distribution agreements with all four of the major wireless providers in Canada: AT&T, Microcell, Telus and Bell Mobility. Jean-Pierre Poulin, the current President, founded the company in 2001 primarily to distribute prepaid wireless through hard cards placed in retail locations. Point de Vente has approximately 160 Qxpress terminals in operation presently providing mostly prepaid wireless and long distance. Under the terms of the acquisition agreement, Point de Vente shareholders will receive 12,127 shares of restricted Q Comm common stock with an aggregate value of $50,000. Pointe de Vente will become a Q Comm subsidiary with their assets and liabilities assumed by Q Comm. Q Comm will also provide a cash infusion of approximately $400,000 to Point de Vente. [PRWEB Jul 15, 2004]




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Q Comm Completes Acquisition of Point De Vente Inc., a Canadian Prepaid Wireless Distributor

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Grok Description matches for Q Comm Completes Acquisition of Point De Vente Inc., a Canadian Prepaid Wireless Distributor
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Q Comm Completes Acquisition of Point De Vente Inc., a Canadian Prepaid Wireless Distributor

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