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~LQCI Merger news...

Alerts on Profiled Shells Stocks are not intended as an indicator to purchase/sell the stock. They are intended to inform users that a Shell Stock has issued a public announcement of an attempted/completed reverse merger.

REVERSE MERGER: Our Profile List stock LQ Corp. (OTCBB: LQCI 1.77 x 1.90) issued an 8K announcing that it has entered into a non-binding letter of intent with Southern Imaging, Inc. to acquire all of the assets of Southern Imaging and its subsidiaries. Southern Imaging is a supplier of video cameras, monitors, lenses and video printers to the industrial, security and medical imaging markets. The contemplated aggregate consideration for the transaction is approximately $5.2 million, subject to post-closing adjustments, consisting of (i) cash, (ii) Company common stock, (iii) an incentive payment upon the business achieving certain milestones set forth in the Letter of Intent, and (iv) the Company's assumption of certain indebtedness of Southern Imaging.


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