In 1998 alone, the company processed credits totaling over three-quarters of a billion dollars, and will do well over one billion-dollars in 2000. To accommodate this rapidly growing demand, QLC plans to open offices in the Far East later this year in addition to its current facilities in Boston, San Francisco, and Chicago.

The firm's customers include some of the largest high-technology exporters in the United States. They include Cirrus Logic, Varian, Trimble Navigation, and KLA-Tencor.

QLC even has officers of major banks working permanently out of satellite offices located on QLC's own premises. These tight banking relationships enable QLC to process negotiable credits in hours, instead of the days or even weeks typically required for such transactions. The firm's president, David Clements, heads an executive management team that has accumulated more than half a century worth of combined experience in banking and freight forwarding. Besides pioneering the use of on-premises banking relationships to expedite export payments, he also developed key electronic commerce systems that seamlessly integrate the exchange of information among parties to Letter of Credit transactions.

QLC is a pioneer in introducing database and imaging technology into a credit process dating back 400 years. Additional development in progress will allow the secure electronic transfer of documents, eliminating costly delays due to the courier shipments traditionally required for the processing of Letters of Credit and other financial documents.