DTC “Chill” Removed from QED Connect Inc. Common Stock
MANCHESTER, NH / ACCESSWIRE / November 21,2014 / Management of QED Connect Inc. (OTC Pink: QEDN) (QEDN), today announced that the Depository Trust Company (DTC) has lifted the “Deposit Chill” on the Company’s stock and has resumed accepting deposits of its common stock for book entry transfer services.
The Company’s attorney, Lorin A. Rosen, Esq. of LAR Law Group PC (Centereach, NY), stated, “I am very pleased for QED Connect Inc. and the company shareholders that the DTC allowed us the chance to re-open the matter to alleviate the initial concerns that triggered the imposition of the deposit chill back in 2012. Working with the company, we performed a comprehensive and complete review of the materials and documentation necessary for the due diligence as required by the DTC.”
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. QED’s business model allows it 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.
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SOURCE: QED Connect Inc.