This is from the Q3 filings. I found it on Pinksheets.com.
here's the link...
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=qedn
and part of the filing....
"....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, www.proremotesolutions.com, 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."