MANCHESTER, N.H., May 16, 2011 /PRNewswire/ -- QED Connect, Inc. (OTC: QEDN), a New York corporation ("QED Connect"), today announced that it finalized the transaction to acquire 100% of the assets of StockProfile.com, StockProfileTV.com and SPnewsWire.com. The companies have signed an Asset Purchase Agreement and intend to complete the transaction within the next 15 days, subject to contractual closing requirements.
Tom Makmann, CEO of QED Connect commented, "The Company is continuing to move forward with its business strategy this year and the closing of the StockProfile acquisition is the next step. The opportunity to acquire a strong media platform and expand the client base offers the opportunity for QED to develop a long term recurring revenue stream."
StockProfile.com is a media Awareness Company which operates a customized platform showcasing emerging growth stocks to independent minded investors. There are well over 10,000 publicly traded companies in the United States and Canada alone. The overwhelming majority of these stocks 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 for free. Over 60% of individual investors have purchased stocks online. 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.
The StockProfile.com platform allows a limited number of companies to profile their stock on the website. The StockProfile.com platform allows these companies to raise their public profile with an audience of independent Internet savvy investors. StockProfile.com does not accept shares as consideration for any profile on their website, and is not a tout sheet. StockProfile.com does not make buy or sell recommendations.
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.
SOURCE QED Connect, Inc.