QED Connect to StockProfile.com Portal
MANCHESTER, N.H., Aug. 16, 2012 /PRNewswire/ -- QED Connect Inc. ("QED" or the "Company") (OTC Pink: QEDN) today announced that it has relaunched its StockProfile.com portal, which it acquired on June 17, 2011. As part of the relaunch, StockProfile.com will add an additional component to support crowdfunding. StockProfile.com offers a unique information portal for investors choosing to make their own investment decisions and for companies wishing to reach those investors. The Company believes there are thousands of publicly traded and second and third tier publicly traded companies that are relatively unknown to the investing public. The StockProfile.com platform allows member companies to raise their public profile with an audience of independent Internet-savvy investors. The Company plans to expand the business offerings of StockProfile.com by developing a platform for crowdfunding. Crowdfunding is a capital-raising strategy whereby individuals invest small amounts of money in companies via the Internet. Traditionally, these investments have been geared toward the accomplishment of a particular goal, such as the launch of a product. Crowdfunding provides startups with access to a much larger group of investors to obtain funding, rather than being limited to the traditional "friends and family" route of capital-raising. Through crowdfunding Web sites such as StockProfile.com, entrepreneurs will also be able to reach potential customers before the product is actually produced to showcase their offering and hopefully gain their "buy-in" to the concept.
In this way, customers can be a source of capital as well as a source of revenue. Crowdfunding shares a similar concept as other mass scale platforms, such as open source code or social networking sites such as eBay® or Facebook®, as it is connects individuals and companies in many small transactions. Crowdfunding On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the "JOBS Act"), which was overwhelmingly approved by the U.S. Senate and U.S. House of Representatives. The JOBS Act intends to facilitate capital raising for smaller companies in the U.S. financial markets. Title III of the JOBS Act would exempt from the Securities Act registration requirements for certain "crowdfunding" transactions. Specifically, the JOBS Act created a new exemption that permits non-reporting issuers to raise up to $1 million by selling stock to the public within any 12-month period without having to register the offering with the Securities and Exchange Commission ("SEC"). Title III of the JOBS Act requires that a transaction be conducted through a broker or "funding portal", defined as any person acting as an intermediary in a transaction involving the offer or sale of securities for the account of others. The SEC has approximately 270 days from the date of enactment to set forth the specific rules and methods governing crowdfunding. The Financial Industry Regulatory Authority ("FINRA") is also accepting comments on the procedures applicable to licensing crowdfunding portals. Once these procedures are finalized, QED will explore registering StockProfile.com as a crowdfunding portal with FINRA.
Information Portal for Investors and Companies StockProfile.com's objective is to be a leading provider of information to the investing public for second and third tier publicly traded companies and start-ups in the United States. The StockProfile.com platform allows members to distribute information in a more focused fashion than the current approach of disseminating press releases and corporate filings. Additionally, by assisting early stage companies in crowdfunding for start-up and growth capital, StockProfile.com can then offer future exposure and additional capital raising opportunities. StockProfile.com will be a unique platform that will provide both the company and potential investors a secure and business oriented approach for investment opportunities. Tom Makmann, President and CEO of QED Connect commented "We are very well positioned to be at the forefront of this new era in providing financing for start-ups and early stage companies. By expanding the StockProfile.com business model, QED will be wellpositioned in both the minds of investors and start-up and emerging growth companies." About QED Connect, Inc. QED Connect, Inc. makes acquisitions, investments, and enters into strategic business strategic alliances in which we can assist our partners in achieving their plans and realizing their maximum potential. QED's current investments and joint ventures include: Sofame Energy, Inc., a joint venture with Sofame Technologies, has sold the custom-designed "Hybrid Percomtherm®" boiler
which recovers boiler flue gas heat from existing boilers and recycles the heat, thereby leading to overall energy efficiency. The company experienced an increase in order activity receiving six contracts for a total value is $1.94 million. Nazz Productions, a movie producer. Nazz's feature film, "Good Day For It", won Favorite Feature at the 2011 Sonoma International Film Festival and opened theatrically in Los Angeles in July and available on DVD and video on demand. StockProfile.com, a customized platform showcasing emerging growth stocks to independent investors. In June 2011, QED purchased 100% of the assets of StockProfile.com for $5,000,000 in QED common stock.
QED Connect Inc. today announced that it has relaunched its StockProfile.com portal, which it acquired on June 17, 2011. As part of the relaunch, StockProfile.com will add an additional component to support crowdfunding.
Additionally, by assisting early stage companies in crowdfunding for start-up and growth capital, StockProfile.com can then offer future exposure and additional capital raising opportunities. StockProfile.com will be a unique platform that will provide both the company and potential investors a secure and business oriented approach for investment opportunities.