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Posted On: 02/11/2025 8:53:32 AM
Post# of 271
$SPQS Sports Quest, Inc. (OTC: SPQS) Files Form 10 to Become an SEC Reporting Issuer, Outlines eBike Expansion Plans
https://www.accessnewswire.com/newsroom/en/sp...ing-982838
WEST PALM BEACH, FL / ACCESS Newswire / February 11, 2025 / Sports Quest, Inc. (OTC PINK:SPQS) is pleased to announce that it has officially filed a long-awaited Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting issuer. This milestone reflects the Company's dedication to transparency, regulatory compliance, and enhanced corporate governance. Investors will benefit from more detailed and timely financial disclosures, reinforcing confidence in SPQS's long-term strategy.
Strategic Expansion into the eBike Industry In addition to the regulatory milestone, SPQS is in the initial stages of acquiring all assets of an established eBike manufacturer and franchisor. This expansion is poised to bring innovative mobility solutions to the market, leveraging an existing network of multi-unit franchised enterprises. The Company's strategy includes assembly operations in Canada, with fulfillment centers based in Vancouver, BC, (to service the West Coast) and Miami, FL, (for the East Coast customers); ensuring a seamless supply chain for future customers, resellers, and franchisees.
Outlook on Crypto Token Development As part of its forward-thinking initiatives, SPQS is evaluating the development of a cryptocurrency token backed by eBike assets. This potential digital asset aims to enhance investment opportunities within the Company's expanding mobility ecosystem. More details will be announced as the project progresses.
"We believe that becoming an SEC reporting company marks a significant step toward credibility and investor confidence. Our strategic expansion into the eBike industry, along with future blockchain opportunities, reflects our commitment to innovation and long-term growth," said SPQS EVP and spoke person James Healey "We will keep shareholders updated as we move forward with these initiatives."
https://www.accessnewswire.com/newsroom/en/sp...ing-982838
WEST PALM BEACH, FL / ACCESS Newswire / February 11, 2025 / Sports Quest, Inc. (OTC PINK:SPQS) is pleased to announce that it has officially filed a long-awaited Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting issuer. This milestone reflects the Company's dedication to transparency, regulatory compliance, and enhanced corporate governance. Investors will benefit from more detailed and timely financial disclosures, reinforcing confidence in SPQS's long-term strategy.
Strategic Expansion into the eBike Industry In addition to the regulatory milestone, SPQS is in the initial stages of acquiring all assets of an established eBike manufacturer and franchisor. This expansion is poised to bring innovative mobility solutions to the market, leveraging an existing network of multi-unit franchised enterprises. The Company's strategy includes assembly operations in Canada, with fulfillment centers based in Vancouver, BC, (to service the West Coast) and Miami, FL, (for the East Coast customers); ensuring a seamless supply chain for future customers, resellers, and franchisees.
Outlook on Crypto Token Development As part of its forward-thinking initiatives, SPQS is evaluating the development of a cryptocurrency token backed by eBike assets. This potential digital asset aims to enhance investment opportunities within the Company's expanding mobility ecosystem. More details will be announced as the project progresses.
"We believe that becoming an SEC reporting company marks a significant step toward credibility and investor confidence. Our strategic expansion into the eBike industry, along with future blockchain opportunities, reflects our commitment to innovation and long-term growth," said SPQS EVP and spoke person James Healey "We will keep shareholders updated as we move forward with these initiatives."
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