QED Connect, Inc. Completes 40% Authorized Share Reduction
21 June 2014 - 5:40AM
Marketwired
QED Connect, Inc. Completes 40% Authorized Share Reduction
MANCHESTER, NH--(Marketwired - Jun 20, 2014) - Management of QED
Connect, Inc. (OTC Pink: QEDN) (PINKSHEETS: QEDN) today announced
that they have received official completion notice from the
Secretary of State (SOS) of New York for the reduction of its
authorized shares of common stock to 600,000,000 from
1,000,000,000. Additionally, the Series A preferred shares
shall no longer have conversion rights to common shares. The
amendment to the Articles of Incorporation that was filed with the
SOS will be reflected in subsequent fillings. The web site for
OTC Markets has been updated to reflect the current number of
shares.
Additionally, the Company has initiated the process to have the
DTC Chill lifted. A DTC chill is the suspension of certain DTC
services with respect to an issuer's securities. It does not
prevent trading of shares but requires shareholders to deposit the
Company's shares manually. QED will provide continued updates
to this process.
The Company's recently announced acquisition of Emerald Med
Farms, Inc. is finalizing operations as it prepares to harvest the
initial crop of plants (press release June 10th). Emerald Med
Farms, Inc. is registered within the state of Nevada as a Domestic
Corporation under NV Business ID# NV20141273899 and will have a
dual registration to do business as a Foreign Corporation in the
state of California. The Company is currently authorized to
operate under the 180 day grace period while its registration is
completed under the California SOS which is expected
shortly.
About QED Connect, Inc. QED Connect, Inc. is a holding company
which makes acquisitions, investments, and enters into strategic
business partnerships. The Company works with organizations that
are looking for capital, management assistance, or help in reaching
their target markets to realize their true potential. QED acquired
StockProfile.com. In April 2014, the Company entered into an
agreement to acquire Emerald Med Farms, Inc., a California based
medical marijuana company (www.emeraldmedfarms.com). QED's business
model helps to achieve its goals by expanding its overall revenue
and profits potential through multiple market
segments. www.qedconnect.com
Safe Harbor Statement Certain statements in this press release
that are not historical facts are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements may be identified by the use of words such
as "anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of QED to be materially
different from those expressed or implied by such forward-looking
statements. QED's future operating results are dependent upon many
factors, including but not limited to the Company's ability to: (i)
obtain sufficient capital or a strategic business arrangement to
fund its expansion plans; (ii) build the management infrastructure
necessary to support the growth of its business; (iii) competitive
factors and developments beyond the Company's control; and (iv)
other risk factors.
For more information contact: Tom Makmann Tel: (603) 425-8933
Fax: (561) 764-6180 Email: info@qedconnect.com
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