MANCHESTER, N.H., Feb. 24, 2011 /PRNewswire/ -- QED Connect, Inc. (Pink Sheets: QEDN), a New York corporation ("QED Connect"), today announced that it has executed a Letter of Intent to acquire 100% of StockProfile.com. In addition, QED Connect intends to acquire StockProfileTV.com and SPnewsWire.com as part of the acquisition.
StockProfile.com provides the investing public with a unique information portal for investors who like to conduct their own research as well as make their own investment decisions. The StockProfile.com platform allows users to discover dynamic publicly traded companies in a free, user-friendly environment.
SPnewsWire.com (powered by StockProfile.com) is a web portal displaying public news and information issued by, or related to, the companies that have displayed on the StockProfile.com platform.
StockProfileTV.com (powered by StockProfile.com) is a new website displaying certain videos related to publicly traded companies displayed on the StockProfile.com platform.
"This Letter of Intent to acquire StockProfile.com and its related web properties provides valuable assets to the Company and helps our overall strategy of making QED more diversified and dynamic," commented Tom Makmann, CEO of QED Connect. "The cross marketing potential with the public companies on the StockProfile.com platform provides an additional area which QED plans to exploit for its long term benefit. We are excited about the opportunity to acquire a strong media platform such as StockProfile.com."
While there can be no assurances that a definitive agreement will be reached, the companies expect to finalize a definitive agreement by April 4, 2011, subject to the approval of the respective Boards of Directors and the majority of shareholders of StockProfile.com. Specific terms of the proposed transaction were not released at this time.
StockProfile.com is 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.