MANCHESTER, N.H., Aug. 9, 2012 /PRNewswire/ -- QED Connect
Inc. ("QED Connect") (OTC Pink Sheets: QEDN) today announced that
it has signed an agreement to acquire Nazz Productions Inc.
("Nazz"). Under the terms of the agreement, Nazz will become a
wholly-owned subsidiary of QED and will continue to operate as an
independent organization.
Nazz establishes national and international channels for
distribution of films to both theaters and television and has
developed an entertainment library. Nazz also distributes its film
library post-release to generate recurring revenues by distributing
film directly to retailers, online distribution network, and to
television.
Its latest feature production, "Good Day For It",
launched its official domestic DVD and VOD release at Redbox, on
Netflix and iTunes and at Amazon.com, as well as several local
retailers. Additionally, the film is available for streaming
through Video On Demand (VOD) on major cable suppliers including
Comcast and Time Warner cable.
Tom Makmann, President & CEO
of QED Connect commented, "The acquisition of Nazz Production is
the first entry for QED in the entertainment industry. We are
continuing to seek additional opportunities in this exciting sector
to complement our overall business strategy."
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 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. The
company experienced an increase in order activity receiving six
contracts for a total value is $1.94
million. The orders were from a food processor, a hospital,
a yeast producer and a College in Colorado.
- 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 Connect purchased 100% of the
assets of StockProfile.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.
