Five and Under

[javalin]

everyone QPRC has patents on smartcards--cnbc/squatbox interview mentioned smartcards to be the next sector to be invested in --he mentioned ACTI but QPRC is only .05
$$$$QPRC DD POST$$$$ UPDATED
Update on the glasses and Big1card:
Update as of October 16, 2001
Big1Card: Big1Card is a patent on the process of providing multiple accounts on a single card.
Recently there appears to be a ramping up of discussion on the use of a credit-card-type
instrument to provide, for various security purposes, identification and other information on an
individual.

It is likely that, if this comes to pass, our patent could apply to whatever process is used. We
are contacting corporate players involved in providing solutions to the myriad security issues
facing Government and industry.

Sunglasses: The initial run of 50 pair of sunglasses was received today. Several more days
will now be required to laser cut and insert the lenses. At the completion of that phase, we will
take photos of the sunglasses and place them on the website.


AMERICAN BANKER ARTICLE 3-23-01

Hart Helps Patent-Holder Get Access to Smart-Card Issuers Friday, March 23, 2001 By
Lavonne Kuykendall

Alex W. "Pete" Hart, the former head of MasterCard International and of Advanta Corp., has
signed a five-year contract to promote a company that owns a smart card patent and plans to
hit up the major U.S. card issuers for licensing fees.

The company, called Quest Products Corp., expects to earn the fees from a patent it holds on
multi-application smart cards - cards able to store more than one account.

Hiring Mr. Hart, who formally is a "special consultant" to Quest Products, was an explicit part
of the company's strategy to gain the attention of big card issuers and extract fees from them,
according to Herbert M. Reichlin, president of the company, which is based in Syosset, N.Y.

"Pete Hart walks through the top doors," Mr. Reichlin said. "We are looking to license our
patent to the major institutions, and I understand what access means."

Quest Products' business plan goes like this: As U.S. credit card issuers' smart card offerings
gather momentum, they will almost certainly encounter growing consumer demand to store
multiple accounts. Companies that opt to meet the demand will owe licensing fees to Quest.

Mr. Hart, who has been an independent consultant in the cards industry since his departure
from Advanta in 1997, said in a telephone interview that he decided to work with Quest
Products after doing lengthy interviews with company executives and their intellectual property
attorneys.

"It would appear that they appear to own the rights to very significant technology that has
bearing on the future of the smart card business," he said. "I like what the attorneys have told
me, and I like what I read about it. I am just a consultant, and I am offering them my best
advice."

Asked whether the placing of multiple financial accounts on a chip card could be patented, Mr.
Hart declined to discuss the specifics of the patent owned by Quest Products.

"I respect opinions of the patent counsel," Mr. Hart said. "My hope is we have a very clear
claim to involvement in that activity. It would be premature for me to say much more than that."


Smart card consultant Jerome Svigals, director of the Smart Card Institute in Redwood City,
Calif., predicted that a patent on multiple applications would not hold up to serious scrutiny. He
holds several patents of his own on card technology and has developed both magnetic stripe
and smart card technology.

"I think they are out of their minds for thinking they have a strong claim," he said, adding that
microprocessor chips have been used to store multiple applications since the 1950s. "There is
so much prior art on multiple applications on smart cards."

The U.S. Patent Office has been cutting down on the number of patents it grants for business
methods, but there are still many companies like Quest that have broad patents and
sometimes make money by trying to enforce them.

Quest's Web site describes the company as a product incubator that aims to bring to market
various patented or patentable consumer products. Quest is seeking to bring to market a
multi-application smart card product of its own, Big1card, which is covered under its patent.
Mr. Hart's responsibilities include the "development and commercialization" of Big1card, which
Quest Products says can hold a wide variety of accounts, including credit, debit, frequent-flyer,
telephone calling card, frequent hotel stay, and other loyalty programs.

Other products Quest is promoting - which Mr. Hart is not involved with - include "Rainbow
Shades" sunglasses, which have a patented lens system that "allows the wearer to select up
to three different lens colors by simply moving a slider on the frame." The company's Web site
also lists "PhaseOut," a "patented device to help smokers quit smoking without the use of
drugs, chemicals, or attachments."

Quest Products says it bought the smart card patent, which was issued in 1995, after
stumbling upon it while conducting due diligence on a smart card project it was considering.
When Quest executives found the patent, they said, they dropped their own smart card project
and bought the patent instead.

"It is a broad patent that deals with the concept of having a credit card in the form of a chip that
has memory, a processor, and the capability of storing a multiple number of company
accounts," said Alfred R. Fabricant, a lawyer who represents Quest Products. "You have to
learn enough about what other people are doing to make an intelligent assessment about
whether it is infringing on your patent."

If a card has more than one financial account on a microprocessor chip, its issuer must talk to
Quest Products, asserted Mr. Fabricant, a partner in the New York intellectual property law
firm of Ostrolenk, Faber, Gerb & Soffen LLP.

To date, he said, he knows of no smart cards that infringe on the patent - which is valid only in
the United States - because no U.S.-issued card carries more than one account yet. Mr.
Fabricant considers this temporary.

"None of them got into the business of issuing chip cards to carry a single piece of information
on them," he said.

Whether or not its patent proves formidable, Quest's hiring of Mr. Hart will probably increase
its visibility and credibility with large credit card issuers. Mr. Hart was chief executive officer of
MasterCard International from 1988 to 1994 and was founding chairman of its Cirrus
automated teller machine processing network. He also was chairman of Maestro International,
a MasterCard affiliate.

Mr. Hart was chairman and chief executive officer of Advanta Corp. of Spring House, Pa., from
1994 to 1997. At the time, it was a major credit card issuer, though it has since sold its
consumer card portfolio to FleetBoston Financial Corp. and now issues only corporate cards.

Since Quest Products began publicizing its patent last November, when it introduced the
Big1card, Mr. Fabricant said he has heard from "several large issuers" interested in
discussing the matter. He declined to name them.

Quest Products is not the first company to make patent claims in the smart card field. Rival
loyalty program vendors Welcome Real-Time of Aix en Provence, France, and Detroit-based
Catuity Inc. have had their own squabbles over who owns the right to put loyalty programs on a
smart card.

Welcome Real-Time filed a patent infringement lawsuit against Catuity's research and
development facility in Australia, claiming that its smart card-based loyalty programs infringed
on Welcome Real-Time's patents. Catuity has responded by offering its own patent. The suit
is expected to be heard this spring in a federal court in Australia.


MARCH 2001: ALEX W. "PETE" HART AGREES TO 5 YEAR CONSULTING AGREEMENT.
http://www.quest-products.com/PRESSRELEASE_9.html


FEBRUARY 2001: INITIAL 3 STYLES OF RAINBOW SHADES PUT ON QUEST WEBSITE.
http://www.quest-products.com/RAINBOW_1.html


FEBRUARY 2001: SHAREHOLDER CREATED DD WEBSITE FOR SHAREHOLDER
INFORMATION.
http://www.big1-card.com
http://www.rainbow-shades.com
Many Thanks Go to RainbowShades For His Effort And Hard Work !!


JANUARY 2001: FINAL FRAMES SELECTION MADE FOR RAINBOW SHADES.
http://www.quest-products.com/PRESSRELEASE_8.html


JANUARY 2001: QPRC FILES FOR ADDITIONAL PATENT PROTECTION.
http://www.quest-products.com/PRESSRELEASE_7.html


NOVEMBER 2000: BIG1CARD ANNOUNCDEMENT.
http://www.quest-products.com/pressrelease_3.html


NOVEMBER 2000: QPRC - Gets $20 Million Financing.
http://www.quest-products.com/pressrelease_4.html


SHAREHOLDER Q & A STATEMENT FROM QPRC.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=CLB00368&read=307

AUGUST 2000: QPRC Listed as an Optical Stock Tracked by OPTISTOCK.
http://www.optistock.com/colist.htm


JULY 2000: Private RAGINGBULL Board Created: QPRC 4 REAL
http://ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB00368&numposts=20

JUNE 2000: Comprehensive Agreement With Opsales.
http://www.quest-products.com/pressrelease_5.html


SHARE INFORMATION.
Outstanding shares are approximately 225 Million.
Holdings by Institutions approximately 4+ million
http://www.insidertrader.com/freestuff/ticker_summary.asp?search=1&criteria=qprc


INSIDER SALES (FORM 144) NO SHARES SOLD !
http://cbs.marketwatch.com/tools/quotes/insiders.asp?symb=QPRC&sid=51657&siteid=mktw



THE DOGS OF WAR…………...I MEAN OUR PATENT ATTORNEY !
http://www.ostrolenk.com/frameset.htm


COMPANY INFORMATION:

QPRC Address and Location Information
6900 Jericho Turnpike, Suite 300W
Syosset, NY, 11791

QPRC Investor Relations Contact Information:
Herbert M. Reichlin, President
Phone: [phone] Fax: [phone]

Registered domain names and websites:
Big1Card.com
Rainbowsun.com
Theproductincubator.com
http://www.phase-out.com/
http://www.quest-products.com/


DIRECTORS:

James F. Leary has been a Director of the Company since August 1994. Mr. Leary the
President and Founder of Sunwestern Management, Inc., Dallas, Texas, is engaged in venture
capital investing through two limited partnerships.

Alfred Fabricant has been a Director since October 7, 1997. Mr. Fabricant is the founding
partner of the New York law firm of Fabricant & Yeskoo LLP.

Dr. Richard A. Mascola has been a Director since December 16, 1997. Dr. Mascola is a
practicing Doctor of Dental Surgery and is President of the American Dental Association.

Milton J. Walters has been a Director of the Company since March 10, 1997. Mr. Walters is a
President of Tri-River Capital Group that serves the specialized investment banking needs of
the financial service industry.

Angelo Vassallo has 30 years of marketing and sales experience at Seagram where he is
presently the Director of Marketing for the North America Atlantic/Pacific Region.

Richard A. Bruno is formerly the Managing Director of NASDAQ trading at Paine Webber Inc.
in New York and has more than 25 years experience in the brokerage and investment banking
community.

Thomas Kirch is presently the managing partner of KV Partners, fixed income consultants and
asset managers. Mr. Kirch is formerly a Managing Director of The First Boston Corporation,
one of the nation's largest investment banking firms, as well as a First Vice President of Loeb
Rhoades, Hornblower, and a Vice President at Morgan Stanley & Co., Inc