Business & Finance
Business and Finance
Business and Finance 
Tue, November 10, 2009
Mon, November 9, 2009
QED Connect Inc. Signs of Letter of Intent for Merger
MANCHESTER, NH--(Marketwire - November 9, 2009) - QED Connect Inc. ("QED Connect") (
ProRemote Solutions, [ www.proremotesolutions.com ], is a manufacturer of innovative, home-based technology solutions for the Home Theatre Industry. The company provides a value proposition of proprietary, single source remote control solutions integrating audio & video media servers along with remote monitoring, security and lighting systems in a single remote control unit. ProRemote also offers stand alone home theater products. ProRemote Solutions is headquartered in Marietta, GA.
Tom Makmann, President of QED, commented, "By joining with ProRemote Solutions, QED Connect is expanding its technology solutions into an exciting new market place that is expected to achieve high growth. The home control systems market is expected to be over $4 billion next year and media server market is estimated to hit $5.5 billion in the next few years (per Parks and Associates and The Forrester Group)."
Due to the economic environment over the past several years, QED Connect was unable to raise the required capital it expected to obtain and unable to generate sufficient revenues to support the organization and subsequently had to downsize. Management expects that the proposed merger will provide an additional revenue and capital financing opportunities.
The merger is expected to close within the next 60 days.
QED also announced that it has completed the filings as required by Pink Sheets to be listed as PS Current.
Come view the product video: [ http://vidego.multicastmedia.com/player.php?p=o1d1ti4d ]
About QED Connect, Inc.
QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit [ 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 Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company'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 and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.