QED Connect Inc (QEDN)

[nupapa]

NEWS OUT: QED Connect, Inc. Signs Letter of Intent to Acquire 100% of StockProfile.com
MANCHESTER, N.H., Feb. 24, 2011 /PRNewswire/ -- QED Connect, Inc. (Pink Sheets:QEDN.pk - News), a New York corporation ("QED Connect"), today announced that it has executed a Letter of Intent to acquire 100% of StockProfile.com. In addition, QED Connect intends to acquire StockProfileTV.com and SPnewsWire.com as part of the acquisition.

StockProfile.com provides the investing public with a unique information portal for investors who like to conduct their own research as well as make their own investment decisions. The StockProfile.com platform allows users to discover dynamic publicly traded companies in a free, user-friendly environment.

SPnewsWire.com (powered by StockProfile.com) is a web portal displaying public news and information issued by, or related to, the companies that have displayed on the StockProfile.com platform.

StockProfileTV.com (powered by StockProfile.com) is a new website displaying certain videos related to publicly traded companies displayed on the StockProfile.com platform.

"This Letter of Intent to acquire StockProfile.com and its related web properties provides valuable assets to the Company and helps our overall strategy of making QED more diversified and dynamic," commented Tom Makmann, CEO of QED Connect. "The cross marketing potential with the public companies on the StockProfile.com platform provides an additional area which QED plans to exploit for its long term benefit. We are excited about the opportunity to acquire a strong media platform such as StockProfile.com."

While there can be no assurances that a definitive agreement will be reached, the companies expect to finalize a definitive agreement by April 4, 2011, subject to the approval of the respective Boards of Directors and the majority of shareholders of StockProfile.com. Specific terms of the proposed transaction were not released at this time.