MANCHESTER, N.H. Feb. 15, 2011 New York San Jose California
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Mr. Makmann, added, "The Company is continuing to move forward on its strategy and is excited about our recent progress. We are expecting to realize improved operating results over the next few quarters as our partner’s ramp up their respective businesses. We also expect to be completing the Nazz acquisition this quarter."
While there can be no assurances that a definitive agreement will be reached, the companies expect to finalize a definitive agreement by the end of this quarter, subject to the approval of the respective Boards of Directors. Specific terms of the proposed transaction were not released at this time.
About QED Connect, Inc.
New York www.qedconnect.com
San Jose, CA. www.Sonasoft.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) 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.