DUNEDIN, Fla., Sept. 30, 2010 (GLOBE NEWSWIRE) -- ALAS Defense Systems, Inc. (Pink Sheets:VDSC - News) today announced that it has engaged Midtown Partners and Co, LLC as its exclusive adviser on capital formation for the purchase of Quality Performance, Inc. (http://www.goqpi.com) of up to five million dollars ($5,000,000).
Edwin Salmon, CEO of ALAS Defense Systems, Inc. stated, "we are excited to have the opportunity to engage Midtown Partners and Co, LLC. In the year 2009 alone they were ranked the 5th most active boutique investment banking firm by Sagient Research Systems raising 71 million dollars for clients in healthcare, biotechnology, consumer goods and technology industries."
Mr. Salmon further stated that Pink Sheets has been brought up to date with current information and Financial statements.
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