MANCHESTER, NH / ACCESSWIRE / June 24, 2015 / Management of QED Connect, Inc. (PINKSHEETS: QEDN) today announced it finalized the acquisition of Oro Verde Inc. (formally known as Green M&A Solutions) a private US company. QED entered into a Stock Purchase Agreement (SPA) in March 2015 to acquire 100% of the outstanding shares.

With the completion of the acquisition, Ms. Kate Bahnsen has joined the Board of Directors of QED Connect and assumed the position of President and CFO. Oro Verde's current income and balance sheet will be consolidated in the Company's financials during the following reporting period. The Stock Purchase Agreement was completed with a "share-for-share" transaction utilizi+ Add a new Sub Accountng the Company's Preferred Stock Class "B". Additional details will be provided in the corporate filings.

As part of the Company's business strategy, a new division is being formed, Inca Nut Snacks, that will focus on selling Inca nut snack, Inca nut beverage, Inca Nut peanut and other Inca nut products in the USA, Canada, Japan and China. The Inca Nut is considered one of the new "superfoods" that provides great food and health benefits due to its high content of alpha linoleic acid Omega 3 (48 %) and low contents of saturated fatty acids (6%). It is also an ant-inflammatory product with Vitamin A, Vitamin E and 30% protein and has been named on the Dr. Oz 2010 "best and worse food," recommending a daily diet of Inca Nut to lose weight. The Inca Nut is the only nut that can compete in multiple markets: Omega 3 supplement, nut and snack industry as a healthy alternative, and weight loss.

Mr. Tom Makmann, QED Connect CEO, commented, "The Company has completed a significant milestone in its business strategy and will be focusing on the opportunities brought through the acquisition of Oro Verde. This transaction provides current revenue/income from its gold mining operation with the potential for expansion through acquisitions and improvements to the exhisting operations. Management also believes the new venture into the Inca Nut market offers an exciting opportunity as this healthy, tasty snack could become one of the newest hot trends with the growing health conscious consumer."

Ms. Kate Bahnsen, QED Connect President & CFO, stated, "I am very pleased to join QED and help launch Oro Verde's new Inca Nut Snack division to the next level. We have built a successful operation to date in the gold mining business and believe that with the added resources of financing and management we can now achieve our business plan. The Colombian mining business has introduced us to several prospects in the local community. We have, for example, an exceptional opportunity with the Inca Nut as the worldwide nut and snack foods industry generates about $375 billion in revenue and the Omega 3 market is estimated to grow to $4.3 billion by 2019. With our current base of over 1,750 farmers and our relationships in the community, we are well positioned to support this expanding demand for the Inca Nut worldwide."

About Oro Verde, Inc.

Oro Verde Inc. (formally known as Green M&A Solutions) is a private US company that has 100% ownership of Green Mine Solutions, a Colombian company with active gold mining operations and working with farmers to grow Sacha Inchi also known as Inca Nuts . Oro Verde owns and operates the La Palmichala property which is on 96.75 ha of the El Silencio geological formation in the municipality of Remedios, in the Nordeste subregion of the Antioquía Department, Colombia. They have entered into Letter of Intents (LOI) for two mines and processing plants in San Pablo and Hidalgos, located 15 and 20 minutes respectively from La Palmichala. Oro Verde is actively helping the farmers in the area surrounding the mine, and other viable farming zones around Colombia, to convert their fields of illegal crops to grow Inca Nut and also for land restitution for the 6 million victims of the 50 year conflict in Colombia. The Inca Nut, which has a 3,000 years history with the Inca Indians, grows in the Amazon rainforest of Colombia, and is the key crop that is being used to replace illegal crops, such as the Coca plant used to make cocaine.

About QED Connect, Inc.

QED Connect, Inc. is a holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company works with organizations that are looking for capital, management assistance, or help in reaching their target markets to realize their true potential. QED's business model allows it to achieve its goals by expanding its overall revenue and profits potential through multiple market segments. In March 2015, QED entered into a stock purchase agreement with Oro Verde Inc. (formally known as: Green M&A Solutions).

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 to be materially different from those expressed or implied by such forward-looking statements. QED'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) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

For more information contact:

Tom Makmann
Tel: (603) 425-8933
Fax: (541) 764-6180

SOURCE: QED Connect, Inc.

Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more QED Connect (PK) Charts.
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more QED Connect (PK) Charts.