Quest Solution, Inc. engages in the technology, software, and mobile data collection systems business primarily in the United States. The company operates as a mobility systems integrator with a focus on design, delivery, deployment, and support of integrated mobile solutions. It offers solutions that include hardware, software, communications and full lifecycle management services. The company’s hardware products comprise mobile computers, scanners, tablets, scanners for Apple products, RFID products, wireless infrastructure products, printers, and iPod sleds. It also provides various software products in the areas of order entry, proof of delivery, route accounting, field mobility, transportation and logistics, warehouse management, supply chain manufacturing, retail, and RFID. The company offers services, such as planning and assessment, analysis and design, mobility implementation, and management and support services. It provides vertical application and mobile device management solutions from its software partners. The company offers packaged and configurable software.
MERGERS and STRATEGIC GROWTH:
QUES has undergone SIGNIFICANT expansion in recent months, by acquiring BCS Solutions and ViascanQData:
Quest Solution Enters LOI to Merge with Canadian Company, ViascanQData
Merger Provides Quest Solution Full North America Coverage, Increased Market Share and Significantly Expanded Label Business
ViascanQData currently serves in excess of 4,000 enterprise customers, mainly in Canada. Unaudited financials indicate annual revenues of about CDN$28 million (approximately $24 million USD), and ViascanQData is currently on track to deliver unaudited double digit EBITDA for 2015.
Quest and Barcode Specialties merger link
BCS Solution is a 20-year old reseller and systems company specializing in Wireless & Mobility Systems and, now, advanced RFID systems, courtesy of the acquisition of 'RFID Resolution Team'. Headquartered in Garden Grove, California, BCS has sales and systems offices throughout the U.S.
In November 2014, BCS solutions was acquired, creating one of the largest selling groups in the nation for Zebra/Motorola and Honeywell mobile computing devices.
From Quest Management's previous CEO and now Executive Vice President of Strategy and Acquisitions, Jason Griffith:
Quote: HIGHLIGHTS OF NEWEST MERGER: QUES to acquire another profitable company! *** PRO FORMA Revenue = $85 MILLION. Viascan shareholders will receive approximately 5.2 mm restricted shares of QUES stock as consideration for the transaction. *** QUES shares valued at $2.00 per share! This represents a SECOND massive deal that QUES has completed in recent months. **Quest Management's FY2015 outlook: Predicting booked revenue of $62-68 million, without Viascan's $22-25 million (USD) contribution. That's $84-93 million USD once combined!!** Some of QUEST's longstanding customers: Let's not forget, QUEST's wholly-owned division focused on commercializing Intellectual Property, Patents and Distribution of industry-specific technologies; most recently, it's PATENT LICENSE AGREEMENT WITH NCR: The patent license agreement with NCR enables Quest Solution to utilize NCR patented innovations to launch highly relevant and suggestive advertisements in retail store displays based on custom programmed audiblequeues. A leasing or profit share model will determine how Quest Solution and its retail partners share in revenues generated from pre-sold advertising inventory. In addition to the patent license agreement, Quest Solution is looking to utilize NCR solutions to help bring its new technology platform to the market. As stated by Jason Griffith:
As we have long stated, our team plans to continue to focus on our three tier approach for growth in the Company. One, organic growth; two, acquisitions of companies in our space which allow us to use synergies to provide tremendous shareholder value while allowing us to help our customers achieve more; and three, the growth of technologies presented to us that we feel through our existing connections and resources we can help to expand rapidly.
The patent license agreement with NCR helps enable Quest Solution to achieve its stated goal of monetizing scalable and innovative technologies that will ultimately drive shareholder value. We believe that this type of dynamic voice driven advertising platform has relevance to an addressable market that is greater than $1B in size, from retail stores and movie theaters to shopping malls, hotels and casinos
ARE YOU LOOKING FOR A COMPANY WITH STRONG MANAGEMENT, POWERFUL GROWTH AND EXPANSION PROSPECTS, NO DILUTION, WHOSE SHARE PRICE IS SIGNIFICANTLY UNDERVALUED? QUES IS FOR YOU!
QUES Full-Year 2014 Highlights:
** Pro forma 2014 revenue of $59.0 million, combining the operations of Quest Solution and BCS, acquired November 2014.
** Pro forma 2014 Adjusted EBITDA of $2.2 million.
** Completed acquisition of Quest Marketing, Inc. in January 2014, for approximately $18.3 million in total consideration
** Completed acquisition of Bar Code Specialties, Inc. in November 2014 for approximately $11 million in total consideration
Form 10-Q for QUEST SOLUTION, INC.
** $10.7mm gross revenue for the quarter compared to $9.6mm same period in 2013, 11% increase
** 22.35% gross margin this year compared to 20.6% same period last year, an 8.54% increase
** Cash flow operations for the 3 months ended March 31, 2015 was $131,559, which increased $789,095 compared to the 3 months ended March 31, 2014
** No shares issued during the quarter
SOME INTERESTING AND INFORMATIVE ARTICLES/RESOURCES ON QUES!:
Quest Solution conference call transcript:
Quest Solution 2015 financial outlook:
Board of Directors
Link to investor presentation
QUEST Investors: Click here
QUES Share Structure:
Market Value: $12,260,323 a/o May 15, 2015
Authorized Shares: 100,000,000 a/o Apr 22, 2015
Outstanding Shares: 35,029,495 a/o Apr 22, 2015
OTC MARKETS: http://www.otcmarkets.com/stock/QUES/profile
QUEST Solution Inc.
2580 Anthem Village Dr.
Henderson, NV 89052
Phone: (702) 399-9777
QUEST IS THE SOLUTION *** OTCQB: QUES