MANCHESTER, N.H., Aug. 24, 2011 /PRNewswire/ -- QED Connect, Inc.
(OTC: QEDN), a New York
corporation ("QED Connect"), today provided an outlook for its
operations for 2011. The Company is expecting to realize, but
cannot guarantee, revenues from its holdings of approximately
$1,000,000 for the year ending
December 31, 2011. Revenues
will be offset by anticipated operating costs resulting in a
positive net income for the year. One of QED's Joint Venture
partners, Sofame Technologies, Inc. ("Sofame Technologies") (TSXV:
SDW), has received a repeat purchase order in Canada for its award-winning industrial heat
reclaim systems and ultra-efficient water heating technologies. QED
and Sofame are 50/50 partners in the
United States through a Joint Venture called Sofame Energy.
Upon meeting the final terms of the Joint Venture agreement, Sofame
Energy will recognize US revenue and income accordingly. QED has
been implementing it operational plan to become a parent company of
targeted acquisitions and joint partners for the last two years.
Its portfolio of strategic partners and acquisitions are
expected to contribute the Company's financials in 2012.
Tom Makmann, President and CEO of
QED Connect, Inc., commented, "Economic conditions have made
funding a challenge however we have continued to work with our
partners to help them move forward. As the market conditions
improve we are hopeful that the partners are in position to
aggressively ramp up their respective businesses we, in turn, can
expect improved revenues and operating results."
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; fund and complete its
common stock buy-back strategy and (vii) other risk factors.
For More Information, Contact:
QED Connect, Inc.
info@qedconnect.com
Tom Makmann, President & CEO
(603) 425-8933
SOURCE QED Connect, Inc.