QED Connect Inc. 2013 Outlook
MANCHESTER, N.H., Jan. 30, 2013 /PRNewswire/ -- QED Connect Inc.
(OTC Pink: QEDN), a New York Corporation ("QED Connect"), today
announced guidance for 2013. The Company is continuing in its
business model of making acquisitions and entering into Joint
Ventures, partnerships and other strategic investments.
QED has been working to develop a portfolio of natural resource
to expand into additional marketplaces that offer the potential of
revenue and income opportunities. The Company has finalized
the first two acquisitions and will be implementing the business
strategy over the next few months and, pending obtaining the
required funding, expects to realize revenues in the third quarter
of this year. QED will be also be developing its current
portfolio of companies and looking to acquire additional companies
in the technology sector.
Mr. Tom Makmann, CEO of QED
Connect, commented, "With the entry into the oil & gas
business, QED believes it is now in position to implement its
strategy and provide our shareholders increased value in
2013."
About QED Connect
QED focuses on businesses that are producing revenue and
are seeking capital and/or management assistance to execute their
business plan. QED looks for companies that are synergistic
and/or offer the opportunity to develop a business in a market that
has growth 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.
- StockProfile.com, a customized platform showcasing emerging
growth stocks to independent investors. In June 2011, QED Connect purchased 100% of the
assets of StockProfile.com.
- Terra Resources, through its subsidiary company NV Alliance,
has oil and gas rights in the Republic of Kalmykia, a subject of
the Russian Federation. In August
2012, QED signed a non-binding letter of intent to acquire
Terra Resources, LLC.
- Kyrzyg Alumina owns mines containing the raw material necessary
to produce alumina (aluminum oxide) in the Kyrgyzstan region. In August 2012, QED signed a non-binding letter of
intent to acquire Kyrzyg Alumina.
- AFON 2010 Ltd. is Ukraine-based oil and gas company with
concessions to oil and gas leases in in the South Terenyans'ka area
in the Nadvirnyans'ky district of Ivano-Frankivs'k region 5 km
northeast from the village of Kosmach. The company's leases have
the potential to produce 119,000,000 barrels of oil with initial
revenue projections, based on five wells and 500 barrels per day
production show $45 million in
revenue. In October 2012 QED
signed a definitive agreement to acquire AFON 2010, and is now
completing due diligence in preparation for closing.
- Kuma Oil, a Russian company, owns oil and gas rights in the
Russian territory of Perm Krai and an operation that provides
services for oil & gas including exploitation and marketing of
oil. Fully developed, their reserves have an estimated Net Asset
Value (NAV) of approximately $525
million from the combination of Proven and Proven
Undeveloped Reserves. In January
2013 QED signed a definitive agreement to acquire Kuma Oil,
and is now completing due diligence in preparation for
closing.
- QED purchased a control block of the outstanding common stock
of Yellow7, Inc. ("Yellow7") in December
2012.
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 to be
materially different from those expressed or implied by such
forward-looking statements. QED'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 fund its expansion plans; (ii) build the
management infrastructure necessary to support the growth of its
business; (iii) close the above acquisitions; (iv) competitive
factors and developments beyond the Company's control; and (v)
other risk factors.
For further information regarding QED's acquisition of Yellow7
stock, see the Form 8-K filed by Yellow7 with the Securities and
Exchange Commission.
For More Information Contact - info@qedconnect.com
Tom Makmann (603)
425-8933
SOURCE QED Connect Inc.