MANCHESTER, N.H., Oct. 21 /PRNewswire-FirstCall/ -- QED Connect, Inc. (Pink Sheets: QEDN), a New York corporation ("QED Connect"), today announced that its Joint Venture partner, Sofame Technologies, Inc. ("Sofame Technologies")(TSX-V:SDW), has added Blake Group Inc. www.bghusa.com to its sales organization in New England. They are one of the largest heating systems EPC (Engineering - Procurement – Construction) firms in New England with offices in seven states at the following locations:
Blake Equipment Co.:
East Windsor, Connecticut; Rutland, Vermont; Pascoag, Rhode Island; Greenfield, Massachusetts; Alton, New Hampshire, Oneonta & Pine Island; New York
JW Stevens Co.:
Albany & Syracuse, New York
Portland & Hermon, Maine; Hooksett, New Hampshire
John Gocek, President and CEO of Sofame said, "Many of our potential customers are located in territories that Blake Equipment is currently established and selling complementary products and services. With the establishment of the Joint Venture, Sofame Energy, we are anticipating increase in our sales in the US and our partners are a key element of our program. The Blake Groups excellent reputation as engineers and providers of applied heating systems and power generating solutions is a perfect fit for Sofame's technology. We are particularly impressed by Blake's ability to deliver and install turn-key projects in their territory."
Tom Makmann, President and CEO of QED Connect, Inc. added, "We are very excited about the success that the Joint Venture, Sofame Energy, is having in their marketplace. The addition of quality representatives will help achieve the goals and we anticipate beginning to realize the benefits during this quarter."
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
About Sofame Technologies Inc.
Sofame Technologies Inc. custom engineers and manufactures unique, high-efficiency direct-contact industrial hot water systems which extract up to 99 percent of heat from flue gases depending on the application, and return the energy in the form of high-temperature hot water or pre-heated make-up air. Sofame's products help hospitals, food processing plants, universities, central heating plants, utilities and many more large energy consumers to significantly reduce fuel costs and greenhouse gas emissions. Using world-leading, patented green technology, Sofame serves industrial, institutional and commercial markets through a network of dedicated engineering representatives. For more information, www.sofame.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 complete the Joint Venture with SoFame 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 with SoFame 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; and (vi) other risk factors.
SOURCE QED Connect, Inc.