SportsQuest, Inc. Announces LOI to Acquire Subsidiary
05 Agosto 2011 - 12:49PM
Business Wire
Sportsquest, Inc, (Pink Sheets: SPQS) announced today that it
has signed an LOI to acquire Maize Pluss, an Eastern Regional
facility of processed corn and grain products.
Maize Pluss is capable of providing customized grain products,
packaging and processing. They are focused on providing the best
quality product with fast and reliable service to the consumer and
to the overall food industry. White processed corn is a product in
high demand. With the Company’s innovative processing and triple
cleaned corn technology, they are positioned to meet the demands of
large suppliers, small restaurants and consumers.
“Our investment in Fielding continues to be a great opportunity
for SPQS and we believe that by adding Maize Pluss into our family,
we will be able to leverage our core expertise and strengthen
shareholder value. In addition to our merger and acquisitions
campaign, we are in the process of analyzing our existing capital
structure and it is our plan to seek a reduction in the amount of
authorized shares in the near future,” stated Jeffrey Burns, CEO of
SportsQuest, Inc.
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
SportsQuest (PK) (USOTC:SPQS)
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