QEDN News
QED Connect to Expand Its StockProfile.com Portal
2012-08-16 09:00 ET - News Release
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.
