MANCHESTER, N.H., Aug. 16, 2012 /PRNewswire/ -- QED Connect
Inc. ("QED" or the "Company") (OTC Pink: QEDN) today announced that
it has relaunched its StockProfile.com portal, which it acquired on
June 17, 2011. As part of the
relaunch, StockProfile.com will add an additional component to
support crowdfunding.
StockProfile.com offers a unique information portal for
investors choosing to make their own investment decisions and for
companies wishing to reach those investors. The Company believes
there are thousands of publicly traded and second and third tier
publicly traded companies that are relatively unknown to the
investing public. The StockProfile.com platform allows member
companies to raise their public profile with an audience of
independent Internet-savvy investors.
The Company plans to expand the business offerings of
StockProfile.com by developing a platform for crowdfunding.
Crowdfunding is a capital-raising strategy whereby individuals
invest small amounts of money in companies via the Internet.
Traditionally, these investments have been geared toward the
accomplishment of a particular goal, such as the launch of a
product.
Crowdfunding provides startups with access to a much larger
group of investors to obtain funding, rather than being limited to
the traditional "friends and family" route of capital-raising.
Through crowdfunding Web sites such as StockProfile.com,
entrepreneurs will also be able to reach potential customers before
the product is actually produced to showcase their offering and
hopefully gain their "buy-in" to the concept. In this way,
customers can be a source of capital as well as a source of
revenue. Crowdfunding shares a similar concept as other mass scale
platforms, such as open source code or social networking sites such
as eBay® or Facebook®, as it is connects individuals and companies
in many small transactions.
Crowdfunding
On April 5, 2012, President Obama
signed into law the Jumpstart Our Business Startups Act (the "JOBS
Act"), which was overwhelmingly approved by the U.S. Senate and
U.S. House of Representatives. The JOBS Act intends to facilitate
capital raising for smaller companies in the U.S. financial
markets. Title III of the JOBS Act would exempt from the Securities
Act registration requirements for certain "crowdfunding"
transactions. Specifically, the JOBS Act created a new exemption
that permits non-reporting issuers to raise up to $1 million by selling stock to the public within
any 12-month period without having to register the offering with
the Securities and Exchange Commission ("SEC").
Title III of the JOBS Act requires that a transaction be
conducted through a broker or "funding portal", defined as any
person acting as an intermediary in a transaction involving the
offer or sale of securities for the account of others. The SEC has
approximately 270 days from the date of enactment to set forth the
specific rules and methods governing crowdfunding. The Financial
Industry Regulatory Authority ("FINRA") is also accepting comments
on the procedures applicable to licensing crowdfunding portals.
Once these procedures are finalized, QED will explore registering
StockProfile.com as a crowdfunding portal with FINRA.
Information Portal for Investors and Companies
StockProfile.com's objective is to be a leading provider of
information to the investing public for second and third tier
publicly traded companies and start-ups in the United States. The StockProfile.com
platform allows members to distribute information in a more focused
fashion than the current approach of disseminating press releases
and corporate filings.
Additionally, by assisting early stage companies in crowdfunding
for start-up and growth capital, StockProfile.com can then offer
future exposure and additional capital raising opportunities.
StockProfile.com will be a unique platform that will provide both
the company and potential investors a secure and business oriented
approach for investment opportunities.
Tom Makmann, President and CEO of
QED Connect commented "We are very well positioned to be at the
forefront of this new era in providing financing for start-ups and
early stage companies. By expanding the StockProfile.com business
model, QED will be well-positioned in both the minds of investors
and start-up and emerging growth companies."
About QED Connect, Inc.
QED Connect, Inc. makes acquisitions, investments, and enters
into strategic business strategic alliances in which we can assist
our partners in achieving their plans and realizing their maximum
potential. QED'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. The
company experienced an increase in order activity receiving six
contracts for a total value is $1.94
million.
- Nazz Productions, a movie producer. Nazz's feature film,
"Good Day For It", won Favorite Feature at the 2011 Sonoma
International Film Festival and opened theatrically in Los Angeles in July and available on DVD and
video on demand.
- StockProfile.com, a customized platform showcasing emerging
growth stocks to independent investors. In June 2011, QED purchased 100% of the assets of
StockProfile.com for $5,000,000 in
QED common stock.
For more visit 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 or a strategic business arrangement to fund its expansion
plans; (ii) build the management infrastructure necessary to
support the growth of its business; (iii) obtain the financing
necessary to complete the acquisition of Nazz, (iv) competitive
factors and developments beyond the Company's control; and (v)
other risk factors.
For More Information Contact - info@qedconnect.com
Tom Makmann (603)
425-8933
SOURCE QED Connect Inc.
