QED Connect Inc (QEDN)

[beerput]

was this posted here before??


QED Connect to acquire Nazz Productions
Monday 01/25/2010 9:36 AM ET - Datamonitor


QED Connect, a SaaS provider for the information security market, has signed a letter of intent to acquire Nazz Productions, a producer and distributor of film and television entertainment content. The merger is expected to close within March 2010.

QED said that its board of directors has expanded its direction of the corporation to become a holding company and make acquisitions as wholly owned subsidiaries to complement its revenue.

Tom Makmann, CEO of QED Connect, said: "In order to enhance shareholder value during these difficult economic times, the company needed to look for ways to increase revenue and minimize risk.

"Through acquisitions the company will be able to diversify into new markets and realize the benefits as the portfolio business grow. QED believes that its future is in acquiring companies with strong potential and helping them achieve their plans."


http://research.scottrade.com/public/markets/news/news.asp?searchtxt=qedn&go.x=0&go.y=0&go=Go§ion=headlines&searchtype=0&filter=