QED Connect Inc (QEDN)

[Dolly Llama]

NEWS

QED Connect, Inc. Upgraded to Current Rating by OTC Markets 04/19 01:15 PM


http://www.prnewswire.com/news-releases/qed-connect-inc-upgraded-to-current-rating-by-otc-markets-120228339.html


MANCHESTER, N.H., April 19, 2011 /PRNewswire/ -- QED Connect, Inc. (QEDND:$0.0500,$0.0000,0.00%) , a New York corporation ("QED Connect (QEDND:$0.0500,$0.0000,0.00%) "), is pleased to announce that all filings required by the OTC Markets have been updated. QED's status was upgraded today to OTC Pink Current Information applying to companies following International Reporting Standards and/or the Alternative Reporting Standards.

QED management is moving forward with implementing its re-organization strategy to secure financing for its portfolio of strategic partners and acquisitions. Completing corporate filings was the next step in positioning the Company.

The Company's Joint Venture (Sofame Energy) partner, Sofame Technologies Inc. (SFMGF:$0.0330,$0.0000,0.00%) , a leading manufacturer of environmentally efficient industrial hot water systems and cost effective heat recovery equipment, recently reported that several heat recovery projects developed over the last eighteen months are currently in final negotiations to become equipment orders. No specifics are available at this time, however, management of Sofame Energy has represented to QED Connect (QEDND:$0.0500,$0.0000,0.00%) that potential equipment orders worth over $1m are anticipated but not guaranteed to close during the 2nd quarter of 2011.

Additionally, the Sofame (SFMGF:$0.0330,$0.0000,0.00%) website has been updated www.sofame.com with product information, and a trade article on an Ivy League University's installation of the Sofame (SFMGF:$0.0330,$0.0000,0.00%) system including a Percotherm® which reported an 11% goal for annual savings in fuel consumption.

The Company's acquisition target, Nazz Productions Inc. ("Nazz") is currently showing "Good Day For It" at screening in Northern CA, Philadelphia, Nashville and LA. The film is receiving rave reviews and management of Nazz has informed QED Connect (QEDND:$0.0500,$0.0000,0.00%) that Nazz is expected to finalize US distribution this quarter.

At the recent Sonoma International Film Festival (SIFF), the film received the audience favorite feature award. The attached link is from the Philadelphia showing:
http://www.phillycinefest.org/film-details.cfm?c=251&id=9723

About QED Connect, Inc. (QEDND:$0.0500,$0.0000,0.00%)
QED Connect, Inc. (QEDND:$0.0500,$0.0000,0.00%) is a New York corporation holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential which QED can assist in achieving their plans and realizing their maximum potential. This business model achieves the Company's goals and expands its overall revenue and profits and diversifies through entry into the multiple market segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value. www.qedconnect.com