MANCHESTER, N.H., April 19, 2011 /PRNewswire/ -- QED Connect, Inc.
(otc: QEDND), a New York
corporation ("QED Connect"), is pleased to announce that all
filings required by the OTC Markets have been updated. QED's
status was upgraded today to OTC Pink Current Information applying
to companies following International Reporting Standards and/or the
Alternative Reporting Standards.
QED management is moving forward with implementing its
re-organization strategy to secure financing for its portfolio of
strategic partners and acquisitions. Completing corporate filings
was the next step in positioning the Company.
The Company's Joint Venture (Sofame Energy) partner,
Sofame Technologies Inc. (TSXV: SDW), a leading manufacturer of
environmentally efficient industrial hot water systems and cost
effective heat recovery equipment, recently reported that several
heat recovery projects developed over the last eighteen months are
currently in final negotiations to become equipment orders. No
specifics are available at this time, however, management of Sofame
Energy has represented to QED Connect that potential equipment
orders worth over $1m are anticipated
but not guaranteed to close during the 2nd quarter of 2011.
Additionally, the Sofame website has been updated www.sofame.com
with product information, and a trade article on an Ivy League
University's installation of the Sofame system including a
Percotherm® which reported an 11% goal for annual savings in fuel
consumption.
The Company's acquisition target, Nazz Productions Inc. ("Nazz")
is currently showing "Good Day For It" at screening in
Northern CA, Philadelphia,
Nashville and LA. The film
is receiving rave reviews and management of Nazz has informed QED
Connect that Nazz is expected to finalize US distribution this
quarter.
At the recent Sonoma International Film Festival (SIFF), the
film received the audience favorite feature award. The
attached link is from the Philadelphia showing:
http://www.phillycinefest.org/film-details.cfm?c=251&id=9723
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 or a strategic business arrangement to finance the joint
venture with Sofame Technologies, Inc., 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, Sofame Energy, Inc., 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 (vii) other risk
factors.
SOURCE QED Connect, Inc.