N🟁N

QED Connect, Inc. and Southeastern Retail Services, Inc. to Complete Merger

  //business-finance.news-articles.net/content/200 .. tern-retail-services-inc-to-complete-merger.html
  Published in Business and Finance on Thursday, December 31st 2009 at 6:30 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

MANCHESTER, NH--(Marketwire - December 31, 2009) - QED Connect, Inc. ("QED Connect") (PINKSHEETS: [ QEDN ]), an innovative, software-as-a-service (SaaS) provider for the information security market, today announced that the merger with Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" ("ProRemote Solutions") is proceeding as planned with an expected close date of mid January 2010 subject to final approval by the respective Boards of Directors.

Tom Makmann, President of QED, said that all the principal terms for the merger have been agreed to and the due diligence has been concluded by both companies. The Companies are completing the remaining details for combining the operations and systems of the organizations.

Michael Gregorakos, President of ProRemote, reported that his Company had secured a break through "first" relationship with a leading sports bar in Marietta, Georgia which has agreed to install the Company's unique and proprietary system which permits, through a single device, to control simultaneously a multiple of media units such as Radio, TV and Music.

Mr. Makmann concluded by stating that QED has suspended operations pending the receipt of needed capital and the consummation of the merger.

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 ].

About ProRemote Solutions, Inc.

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.

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.