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Latest News 11/09/09 and 11/12/09
QED Connect Merger Partner Seeking to Finalize Contract MANCHESTER, NH -- (Marketwire) -- 11/12/09 -- QED Connect Inc. ("QED Connect")(PINKSHEETS: QEDN), an innovative, software-as-a-service (SaaS) provider for the information security market, today announced its merger partner, Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" is in the process of finalizing a contract for the placement of its ProRemote Solutions products. Under the proposed contract, with one of the leading metro-Atlanta Sports Bar entertainment complexes, ProRemote has agreed in principal to provide its remote control products that will allow the operator of the establishment to simultaneously control multiple channels, on/off and volume levels for their over 100 displays with a click of a button from the ProRemote, single-source remote control. The remote also provides the convenience of allowing the user to set favorite stations such as Monday Night football to deliver seamless selection of sporting events via a point-a-click environment. The events can be pre-programmed in advance to change the station without additional interaction from the staff. Also included will be surveillance cameras and security controls for arming and disarming the alarms. All features can be controlled via the internet remotely. Michael A. Gregorakos, president of ProRemote Solutions, said, "The market opportunity for our product is very large as there are thousands of sports bars in the US market. All the establishments have the same issues and our solution offers a simple approach to allow them to better serve their customers." About ProRemote Solutions ProRemote Solutions, ProRemote Solutions Home Page, is a manufacturer of innovative, home based technology solutions for the Home Theatre Industry. The company provides a value proposition of proprietary, single source remote control solutions integrating audio & video media servers along with remote monitoring, security and lighting systems in a single remote control unit. ProRemote also offers stand alone home theater products. ProRemote Solutions is headquartered in Marietta, GA. Come view the product video: ProRemote Solutions DEMO for DEALERS USE About QED Connect, Inc. QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit QEDConnect. 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 and human resources and 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 info@qedconnect.com Tom Makmann 603.425.8933 QED Connect Inc. Signs of Letter of Intent for Merger MANCHESTER, NH -- (Marketwire) -- 11/09/09 -- QED Connect Inc. ("QED Connect") (PINKSHEETS: QEDN), an innovative, software-as-a-service (SaaS) provider for the information security market, today announced that the company has signed a Letter of Intent (LOI) to merge with Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" ("ProRemote Solutions"). ProRemote Solutions, ProRemote Solutions Home Page, is a manufacturer of innovative, home-based technology solutions for the Home Theatre Industry. The company provides a value proposition of proprietary, single source remote control solutions integrating audio & video media servers along with remote monitoring, security and lighting systems in a single remote control unit. ProRemote also offers stand alone home theater products. ProRemote Solutions is headquartered in Marietta, GA. Tom Makmann, President of QED, commented, "By joining with ProRemote Solutions, QED Connect is expanding its technology solutions into an exciting new market place that is expected to achieve high growth. The home control systems market is expected to be over $4 billion next year and media server market is estimated to hit $5.5 billion in the next few years (per Parks and Associates and The Forrester Group)." Due to the economic environment over the past several years, QED Connect was unable to raise the required capital it expected to obtain and unable to generate sufficient revenues to support the organization and subsequently had to downsize. Management expects that the proposed merger will provide an additional revenue and capital financing opportunities. The merger is expected to close within the next 60 days. QED also announced that it has completed the filings as required by Pink Sheets to be listed as PS Current. Come view the product video: ProRemote Solutions DEMO for DEALERS USE About QED Connect, Inc. QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit QEDConnect. 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 and human resources and 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 (603) 425-8933 info@qedconnect.com |
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Posted by: micorad Date: Friday, November 27, 2009 3:12:09 AM
In reply to: ariane who wrote msg# 6169 Post # of 6173 We'll get to 0.003 before the PR and then we'll get to 0.3 after the PR
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*New DD/Update/Compiled*
On Nov 09, 2009 the Company entered into Letter of Intent (LOI) to merge with Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" ("ProRemote Solutions"). ProRemote Solutions, ProRemote Solutions Home Page, is a manufacturer of innovative, home-based technology solutions for the Home Theatre Industry. The company provides a value proposition of proprietary, single source remote control solutions integrating audio & video media servers along with remote monitoring, security and lighting systems in a single remote control unit. ProRemote also offers stand alone home theater products. ProRemote Solutions is headquartered in Marietta, GA. The merger provides for the shareholders of ProRemote to receive approximately 75% of the issued and outstanding common stock of QED Connect at closing, which is expected to occur no later than January 8, 2010. About ProRemote Business of ProRemote – Products and Services offered There is a significant gap between high and low end of price/feature matrix for home theater solutions. This leaves the user with the challenge of determining the level of functionality required to enable the user to experience the full capabilities and value of their system. High end solutions are very feature rich but expensive and the low end misses most of the necessary and desired functionality. Furthermore, with high or low end systems, achieving the additional functionality and maximum value usually requires multiple remote controls and technologies. In the home theater and environment control arena there are no standard codes or platform for programming. Further proliferation of IP controlled devices will only make remote operations increasingly more complex and difficult to integrate. ProRemote Solutions proprietary software for Home and Office Automation and Video/Audio Servers offers a one stop solution, in a single remote control unit, at an affordable price. Following is a summary of our product categories: Remote Control • Low price vs. competition with greater functionality • Easy to use, install, implement • Flexible software • Can be operated from PC, smart-phone, or any web-related device • Seamless integration between products • Multi-location, multi-channel controls Music Server • Low price vs. competition with greater functionality • 5 Independent Streams in 5 Zones • Controllable from any web browser • Highest Specs- THD .007, SNR 109 Video Server • Low price vs. competition with greater functionality • 5 Independent Streams in 5 Zones • Controllable from any web browser • Blue-Ray capabilities Product Distribution Method ProRemote will target Home Theater dealers to develop a network of authorized reseller and retail outlets. The Company will initially focus on the 3,500 dealers and custom integrators who are members of CEDIA. CEDIA is an international trade association of companies that specialize in designing and installing electronic systems for the home. Founded in September 1989, CEDIA’s members are established and insured businesses with bona fide qualifications and experience in this specialized field. For more information on CEDIA, visit the association’s website at CEDIA. Currently there are over 30,000 custom installers in the US, within the A/V and control industries. Competition and competitive disadvantages and advantages The company differentiates itself from competitive products: •Low cost structure •Low relative industry sector price •Greater product functionality •Proprietary software with unique features •Key industry relationships •A product comparison is available on the website ProRemote Solutions Home Page •Any Intellectual property including patents, trademarks, licenses, proprietary knowledge •ProRemote Solutions proprietary software for Home and Office •Automation and Video/Audio Servers Management Team Michael Gregorakos, CEO Igor Avratiner - VP- Sales & Business Development Chris Corrigan - Chief Software Engineer Board of Advisors Allen January - Best Buy Mary Berg - Dell Mark Donnigan - VUDU Daniel Kolber - Baker Donaldson Mike Powers, CPA - Powers, Farmer & Company All shares i found held by insiders: M. Thomas Makmann – 88,001,767 J. Roger Kirkland – 8,000,000 Raymond Purdon - 20,800,000 The VP Sales & Marketing, Roger R. Kirkland's wife and adult step son approximately 8,000,000 Thomas Makmann, has 2 adult children and 2 minor children approximately 5,000,000 Cape MacKinnon Inc. 250,000,000 Common Shares Steve Frye 2063 N. 102nd Pl Scottsdale, AZ 85255 Falcon Financial Partners LLC 250,000,000 Common Shares Ed Liceaga 1446 Front Street Ste. 400 San Diego, CA 92101 Firebird Global Management, LLC 230,000,000 Common Shares Matt Connor 3340 Peachtree Rd Ste. 1800 Atlanta, GA 30326 Connor & Kirk Capital LLC 230,000,000 Common Shares Matt Connor 415 Madison Ave. 15th Floor New York, NY 10017 Samoset Investment Group LLC 200,000,000 Common Shares Mark Makmann 125 Erskine Ave Manchester, NH 03104 Current Share structure: A / S 5,000,000,000 O / S 4,229,425,280 Float 2,886,723,512 (currently tradeable) Held by insiders: 1,342,701,768 (based on figures given to us) Total shares held by insiders i found based on who owns them; 1,289,801,767 That leaves 52,900,001 unaccounted for; however I did find a clause stating board of directors own approximately 1% 53million/4.2bil = 1.25% give or take. Ok, now the exciting part: The merger provides for the shareholders of ProRemote to receive approximately 75% of the issued and outstanding common stock of QED Connect at closing, which is expected to occur no later than January 8, 2010. currently available: 2,886,723,512 (in the float) 2,886,723,512 x .75 = 2,165,042,634 2,165,042,634 gets tied up now subtract old float from shares getting tied up. 2,886,723,512 - 2,165,042,634 = 721,680,878 available for trading. New Float Estimate: 721,680,878 These are estimates, it clearly states Approximately these could be less. Either way I see the new float being under 1,250,000,000 Courtesy of PERSER Date-volume-close: Nov. 9 - 155 million - 0.0002 (Signs Letter of Intent for Merger) Nov. 10 - 70 million - 0.0002 Nov. 11 - 28 million - 0.0002 Nov. 12 - 29 million - 0.0001 (Partner Seeking Finalize Contract) Nov. 13 - 87 million - 0.0001 Nov. 16 - 46 million - 0.0001 Nov. 17 - 44 million - 0.0001 Nov. 18 - 9 million - 0.0001 Nov. 19 - 216 million - 0.0001 Nov. 20 - 68 million - 0.0002 Nov. 23 - 1.1 billion! - 0.0003 Nov. 24 - 452 million - 0.0003 Nov. 25 - 401 million - 0.0005 Nov. 26 - US markets closed Nov. 27 - 358 million - 0.0008 (half day to trade) With this information I went and looked at a chart and estimated Buys vs. Sells Results i came up with from the 9th of November through the 27th of November: 1,964 Buys 1,099 Sold ~865 Million being held by share holders IMO If you think about it, its as if we are already trading on less than 1 billion... All IMO we continue to move up fairly quick. All DD is found by me with in PR's, Filings on Pinksheets, Company Websites, Google Searches. Please do your own digging and come to your own conclusion, it is you that must live with the decisions you make with your money, so make sure you are confortable with the information you obtain. Feel free to ask any questions. |
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Reverse Merger: The acquisition of a public company by a private company, allowing the private company to bypass the usually lengthy and complex process of going public.
QEDN: The merger provides for the shareholders of ProRemote to receive approximately 75% of the issued and outstanding common stock of QED Connect at closing, which is expected to occur no later than January 8, 2010 (We already know the estimated closing date)!! PENNYLAND coming very soon when people notices QEDN reverse merger with ProRemote (the private company turning public by merging with QEDN). Get in early and you shall be very happy!! PR about the merger: QED Connect Merger Partner Seeking to Finalize Contract List of REVERSE MERGERS Currently and from the Past: 1) HMDI went from subpenny to .51 in ONE day on a reverse merger news. 2) XTend Medical (XMDC) Signs Letter of Intent to Merge With BioHarp, Korea (Went from sub-pennies to PENNY LAND). Merger still pending. 3) ECash Inc. Signs Letter of Intent to Acquire MetaHealth Inc. Assets 4) IFST: Rumors of reverse merger (Form:15-12G was filed) took it to PENNY LAND 5) CAML Rumors of reverse merger 6) UPSN (Up 700% on completion of reverse merger) |
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