MANCHESTER, N.H., Jan. 17, 2012 /PRNewswire/ -- QED Connect, Inc. (OTC: QEDN) ("QED") today announced guidance on its business plan for 2012. The Company will continue in its business model of acquiring and entering into joint ventures, partnerships and other strategic investments with operating companies. The Company has been actively working with its partners (Sofame Technologies, Nazz Productions and StockProfile) to develop a plan that will take advantage of each specific marketplace that these portfolio companies service. These portfolio companies expect to realize revenue and profits throughout 2012 as their respective businesses ramp up. In the second half of 2012, QED plans on becoming a "business development company" as defined under the Investment Company Act of 1940.
QED's joint venture partner, Sofame Technologies, Inc. ("Sofame Technologies") (TSXV: SDW), is a leading manufacturer of environmentally efficient industrial water heaters and cost-effective heat recovery systems for traditional boilers. Sofame Technologies recently announced receiving $1.7 million of orders in the fourth quarter of its 2011 fiscal year, which ended September 30, 2011. QED is currently in discussions to acquire a company that is complementary to Sofame. The joint venture, Sofame Energy, will then be able to offer a wider range of products and services in support of the renewable energy market.
Nazz Productions, Inc. ("Nazz") is an independent producer and distributor of film and television entertainment content. Most recently Nazz produced "Good Day For It" which won Favorite Feature at the 2011 Sonoma International Film Festival, and was released in July of 2011 to the theaters. The film is now available through Redbox™, Netflix™, iTunes™ and Amazon.com and is also offered for streaming through Video On Demand on major cable suppliers including Comcast and Time Warner Cable. Nazz will continue to develop its slate of high quality independent feature films for theater and festival release in 2012 and is considering producing a slate of low budget genre films that can be marketed worldwide. Nazz plans to shoot at least one new film in 2012 and has started conversations with writers for its initial entry into a web series.
StockProfile.com provides a portal to allow publicly traded companies a dynamic user-friendly environment to present their company profile to potential investors and customers. StockProfile plans to expand the services offered to small and medium enterprise (SMBE) companies providing assistance with their various requirements such as public sector reporting and disclosures. In today's climate, it is difficult for SMBE companies to stay abreast of all regulatory requirements while managing their business. StockProfile is planning to provide a "one stop" service where they can get support for their regulatory requirements.
Tom Makmann, President and CEO of QED stated, "While it has been a challenging time over the past few years, we have become a stronger more focused company and we are now beginning to see positive results from our acquisition and joint venture efforts. We believe that these efforts will be further validated in 2012 and we will continue to expand our portfolio and concentrate on acquiring companies in the renewable energy sector and potential other high growth areas."
About QED Connect, Inc.
QED Connect, Inc. acquires, invests in and enters into strategic business partnerships with businesses that have strong potential. We seek joint ventures and strategic alliances in which we can assist our partners in achieving their plans and realizing their maximum potential. QED Connect's current investments and joint ventures include:
- Sofame Energy, Inc., a joint venture with Sofame Technologies, has sold the custom-designed "Hybrid Percomtherm®" boiler which recovers boiler flue gas heat from existing boilers and recycles the heat, thereby leading to overall energy efficiency.
- Nazz Productions, a movie producer. Nazz's 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 has been released on DVD and video on demand later.
- StockProfile.com, a media awareness company which operates a customized platform showcasing emerging growth stocks to independent investors. In June 2011, QED Connect purchased 100% of the assets of StockProfile.com.
- RDN Distribution, a provider of Mobile VoIP applications and cost-efficient wireless service. RDN's IP-based telecommunication service uses proprietary technology that brings revolutionary cost-efficient wireless services to consumers, home-based businesses, and small to medium-sized enterprises in the Canadian market.
For more information about QED Connect, visit 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 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.
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QED Connect, Inc.
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