Company Initiates Discussions with 12 Year Old Profitable Acquisition Candidate
March 22 2013 - 8:04AM
OTC Markets
Company Initiates Discussions with 12 Year Old Profitable
Acquisition Candidate
Orlando, FL MAR. 22, 2013 (OTC MARKETS NEWSWIRE) --
SportsQuest, Inc. (SPQS), a publicly-traded holding company,
announced today it is pleased to announce that the Company has
initiated discussions with a Florida based entertainment
company. SportsQuest
and the merger candidate are discussing terms for SPQS to acquire
the company and expand its corporate diversity.
The acquisition candidate is a profitable
well-established 12 year Florida Entertainment company. The company is
multifaceted. Its film
division is IMBD credited with multiple projects from concept to
completion. Its
communication group provides audio and video transmission
broadcasting services to companies, studios, and media outlets
through satellite links. The company offers digital and analog
transportable C-band and KU-band uplinks, dual path cameras, and
transponders. It serves government and education
entities.
No agreements have been signed and consummation of
any such transaction is dependent upon numerous important
contingencies
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This press release contains "forward-looking
statements" as defined under the U.S. federal securities laws.
Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "project," "will," and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to materially differ
from the company's historical experience and its present
expectations or projections indicated in any forward-looking
statement. These risks include, but are not limited to, changes in
economic and political conditions, regulatory and legal changes,
technology, industry risk, valuation risk, non-diversification
risk, interest rate risk, tax risk, and other risks discussed in
the company's filings. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. The company undertakes no obligation to publicly update
or revise any forward-looking statements made herein. There is no
assurance that the company's objectives will be
attained.
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