QED Connect, Inc. to Expand Operations
MANCHESTER, N.H., Sept. 27, 2011 /PRNewswire/ -- QED Connect, Inc. (otc: QEDN) ("QED Connect"), today provided guidance that it plans to expand its operations for 2012. The Company anticipates adding to its current portfolio of strategic partners and is in process of entering into a strategic alliance within the wireless industry in the Canadian marketplace though the usage of advangard technology. Additionally QED is looking at additional companies and technologies that are complimentary to its current portfolio companies. The Company is currently involved in the heating and energy arena, the entertainment sector and internet services.
Tom Makmann, President and CEO of QED Connect, Inc. commented, "The success and potential of its partners has encouraged QED to review its current strategy. Our Joint Venture partner Sofame Technologies has recently received several confirmed orders in the food processing industry. Our potential acquisition Nazz Productions' feature film, "Good Day For It", won Favorite Feature at the 2011 Sonoma International Film Festival and opened theatrically in Los Angeles in July and continues to expand before its DVD/VOD release later this year. QED recently completed the acquisition of StockProfile.com, a media Awareness Company which operates a customized platform showcasing emerging growth stocks to independent minded investors. As a result of these positive transactions, the Company is considering becoming a "Business Development Company" as defined under the Investment Company Act of 1940."
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 is 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 or a strategic business arrangement to finance the joint venture with SoFame Technologies, Inc., and to fund QED's overall expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its joint venture, SoFame Energy, Inc., and to fund QED's growth, generally ; (iii) successfully obtain and fill potential joint venture product orders; (iv) generate sufficient revenue and efficiently manage operations to obtain profitability; (v) competitive factors and developments beyond the Company's control; fund and complete its common stock buy-back strategy and (vii) other risk factors.
For More Information, Contact:
QED Connect Inc.
Tom Makmann, President & CEO
SOURCE QED Connect, Inc.