QED Connect, Inc. Corporate Update
MANCHESTER, N.H., June 28, 2011 /PRNewswire/ -- QED Connect, Inc. (OTC: QEDN.PK), a New York corporation ("QED Connect"), announced on Friday, June 17th, that it has closed the acquisition of StockProfile.com, StockProfileTV.com and SPnewsWire.com.
StockProfile.com is Media Awareness Company which operates a customized platform showcasing emerging growth stocks to independent minded investors. Management believes that there are well over 10,000 publicly traded companies in the United States and Canada alone. The overwhelming majority of these stocks in managements' opinion, are relatively unknown to the investing public.
StockProfile.com offers a unique information portal for investors choosing to make their own investment decisions and for companies wishing to reach those investors. Users can review all stocks in detail on the website at no cost. Management contends that over 60% of individual investors have purchased stocks online and that over half of individual investors make their own choices when it comes to stock market investing.
StockProfile.com specifically caters to individual investors by providing a platform to discover dynamic publicly traded companies in a free, user-friendly environment. Management believes that the StockProfile.com platform allows these companies to raise their public profile with an audience of independent Internet savvy investors.
Tom Makmann, CEO of QED Connect commented, "The closing of the acquisition of StockProfile.com and its various web properties represents a significant step in our business strategy for 2011. The Company's portfolio of strategic partners and acquisitions provides QED with an entry to the multiple market segments. The addition of StockProfile.com expands our position into the Internet market."
The Company will be working to increase the subscriber base of StockProfile.com as part of its business strategy. The web site offers an alternate platform to micro-cap companies to provide potential investors with current information that may not be readily available elsewhere. The subscribing companies will be able to elevate their profile information to include video, interactive charts, and offer more in depth information. Additionally, services such as consulting expertise to support the public market (corporate filings) are planned as a future enhancement.
Additionally the Company has changed transfer agents form Routh Stock Transfer, Inc. to Olde Monmouth Stock Transfer Co, Inc. as of today. Olde Monmouth contact information:
200 Memorial Parkway
Atlantic Highlands, NJ 07716
Phone (732) 872-2727
Fax (732) 872-2728
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential which QED can assist in achieving their plans and realizing their maximum potential. This business model achieves the Company's goals and expands its overall revenue and profits and diversifies through entry into the multiple market segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value. www.qedconnect.com
Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital and to fund QED's overall expansion plans; (ii) generate sufficient revenue and efficiently manage operations to obtain profitability; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
For More Information, Contact:
QED Connect Inc.
President & CEO
SOURCE QED Connect, Inc.