QED Connect, Inc. Finalizes Agreement With Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions"MANCHESTER, NH--(Marketwire - January 29, 2010) - 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 Definitive Purchase agreement with Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions."
Under the terms of the agreement ProRemote will become a wholly owned subsidiary of QED Connect, Inc. which, with this acquisition, has started its quest to acquire promising emerging growth operating companies. Tom Makmann, CEO, said, "ProRemote is the first acquisition under our new acquisition strategy whereby we are looking forward to working with new entities to help execute their business model. ProRemote Solutions is already finalizing contracts with Sports Bar entertainment complexes in metro Atlanta and are looking at several other opportunities."
Michael Gregorakos, CEO of ProRemote, added, "We are excited to be part of QED Connect and are confident that the new structure will enable ProRemote to develop and expand a stronger customer base which will provide added visibility not only for the Company and its products but also its new parent company QED."
No terms of the transaction were disclosed.
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 www.qedconnect.com.
About ProRemote Solutions, Inc.
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.
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