SportsQuest Management Report Forward Guidance Sp
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Posted On: 07/07/2022 1:52:47 PM
Re: Steel Reserve #113
SportsQuest Management Report Forward Guidance
SportsQuest (OTC:SPQS) www.sports-quest.co The Company is pleased to announce the
following change in management and its moving forward plans (Forward Guidance)
1. Change in interim CEO Kate Gavin will resign her post effective immediately. Kate will
remain as an independent board advisor to the Company. SportsQuest acknowledges Ms.Gavin
contribution in assisting us in securing several national retailers to carry our
brand www.clearvoda.com and or other white label co packing we will be doing.
2. Irina Veselinovic assumes new role from COO to COO & Interim CEO of the company.
3. Pink Australia energy drink is in full gear. We are exchanging documents obtaining various
compliance documentation the formulas etc. More to follow on Pink as it crystallizes further.
4. We have secured certain financing without disturbing our current share structure to expand our
operations to include our own self-contained building in the 30,000 to 40,000 sq ft facility.
Currently we are negotiating with several landlords and will make an announcement shortly of
our new home.
5. We have purchased 1 line for water filling. It requires assembly. We are currently in progress
of looking for another line which could be used to fill the Pink energy drinks or similar products.
6. Our 30,000 to 40,000 sq ft facility will allow for 1 more additional line in the future or other
packaging machinery which will generate additional revenues for the company.
7. We plan on holding an open house immediately upon securing our new home, (approximately
30 days) and a second open house for our followers immediately after all the installations are
complete. (Approx 90 days)
8.From the proceeds of the aforementioned financing on July 6 2022 we made an
unsolicited cash offer to re purchase approximately 1.2 billion shares from about half a dozen
stakeholders. These shares were issued approximately 6 to 10 years ago. Company records show
no consideration was paid for these shares. We intend to recover these ill-gotten shares either
civilly as aforementioned or through other legal means available to us. In any event these shares
will be returned to the treasury and the outstanding share structure will decrease by the same
amount.
9. We have terminated the services of Continental stock transfer effective immediately. DTC has
been notified. The new stock transfer is Empire stock transfer out of Nevada.
10. We project and anticipate all of these in leasehold improvements Renovations and corporate
actions to be fully deployed and in operation within the next 90 days. Our projections indicate a
gross Top Line of approximately 5 million with a 20% to 30% profit margin or $ 1.5 million
dollars per year profit on a realistic basis. We do not foresee the need for additional cash infusion
and to that end we plan on reducing our authorized share structure by approximately 1 billion
shares. This 1 billion share authorized share reduction is in addition to the 1.2 billion shares
which we are currently in negotiations with previous management and their backers or
stakeholders to recover these ill-gotten shears.
11. Our new and updated OTC markets adequate Disclosure document will outline all of the
above as required under the rules.
12. Our name change and symbol change will follow with Finra.
13. Board resolutions of these events will be filed shortly
14. Our business model is as following: The company operates a beverage business from a leased
Phoenix Az location www.clearvoda.com is our core business model. (BEVERAGE
INDUSTRY) The company is also engaged in certain R&D of solar-powered or green energy
type energy product lines; including other "unicorn" type of products and in non-aligned
industry, spaces encompassing new or emerging technologies with hyper-growth type
opportunities.
This is worth repeating, athough we dabble in other "unicorn" type of products and in nonaligned industry, spaces encompassing new or emerging technologies with hyper-growth type
opportunities OUR CORE BUSINESS MODEL IS THE BEVERAGE BUSINESS.
More updates and filings will follow on a timely basis
About SportQuest
The company operates a beverage business from its 10,000 sq foot Phoenix Az
location www.clearvoda.com as its core business model. The company is also engaged in certain
R&D of solar-powered or green energy type energy product lines; including other "unicorn" type
of products and in non-aligned industry, spaces encompassing new or emerging technologies
with hyper-growth type opportunities.
SPQS Management
Contact info:
Twitter @SpqsOtc
Phone: +1 561 631 9221
Email: ir@sports-quest.c
SportsQuest (OTC:SPQS) www.sports-quest.co The Company is pleased to announce the
following change in management and its moving forward plans (Forward Guidance)
1. Change in interim CEO Kate Gavin will resign her post effective immediately. Kate will
remain as an independent board advisor to the Company. SportsQuest acknowledges Ms.Gavin
contribution in assisting us in securing several national retailers to carry our
brand www.clearvoda.com and or other white label co packing we will be doing.
2. Irina Veselinovic assumes new role from COO to COO & Interim CEO of the company.
3. Pink Australia energy drink is in full gear. We are exchanging documents obtaining various
compliance documentation the formulas etc. More to follow on Pink as it crystallizes further.
4. We have secured certain financing without disturbing our current share structure to expand our
operations to include our own self-contained building in the 30,000 to 40,000 sq ft facility.
Currently we are negotiating with several landlords and will make an announcement shortly of
our new home.
5. We have purchased 1 line for water filling. It requires assembly. We are currently in progress
of looking for another line which could be used to fill the Pink energy drinks or similar products.
6. Our 30,000 to 40,000 sq ft facility will allow for 1 more additional line in the future or other
packaging machinery which will generate additional revenues for the company.
7. We plan on holding an open house immediately upon securing our new home, (approximately
30 days) and a second open house for our followers immediately after all the installations are
complete. (Approx 90 days)
8.From the proceeds of the aforementioned financing on July 6 2022 we made an
unsolicited cash offer to re purchase approximately 1.2 billion shares from about half a dozen
stakeholders. These shares were issued approximately 6 to 10 years ago. Company records show
no consideration was paid for these shares. We intend to recover these ill-gotten shares either
civilly as aforementioned or through other legal means available to us. In any event these shares
will be returned to the treasury and the outstanding share structure will decrease by the same
amount.
9. We have terminated the services of Continental stock transfer effective immediately. DTC has
been notified. The new stock transfer is Empire stock transfer out of Nevada.
10. We project and anticipate all of these in leasehold improvements Renovations and corporate
actions to be fully deployed and in operation within the next 90 days. Our projections indicate a
gross Top Line of approximately 5 million with a 20% to 30% profit margin or $ 1.5 million
dollars per year profit on a realistic basis. We do not foresee the need for additional cash infusion
and to that end we plan on reducing our authorized share structure by approximately 1 billion
shares. This 1 billion share authorized share reduction is in addition to the 1.2 billion shares
which we are currently in negotiations with previous management and their backers or
stakeholders to recover these ill-gotten shears.
11. Our new and updated OTC markets adequate Disclosure document will outline all of the
above as required under the rules.
12. Our name change and symbol change will follow with Finra.
13. Board resolutions of these events will be filed shortly
14. Our business model is as following: The company operates a beverage business from a leased
Phoenix Az location www.clearvoda.com is our core business model. (BEVERAGE
INDUSTRY) The company is also engaged in certain R&D of solar-powered or green energy
type energy product lines; including other "unicorn" type of products and in non-aligned
industry, spaces encompassing new or emerging technologies with hyper-growth type
opportunities.
This is worth repeating, athough we dabble in other "unicorn" type of products and in nonaligned industry, spaces encompassing new or emerging technologies with hyper-growth type
opportunities OUR CORE BUSINESS MODEL IS THE BEVERAGE BUSINESS.
More updates and filings will follow on a timely basis
About SportQuest
The company operates a beverage business from its 10,000 sq foot Phoenix Az
location www.clearvoda.com as its core business model. The company is also engaged in certain
R&D of solar-powered or green energy type energy product lines; including other "unicorn" type
of products and in non-aligned industry, spaces encompassing new or emerging technologies
with hyper-growth type opportunities.
SPQS Management
Contact info:
Twitter @SpqsOtc
Phone: +1 561 631 9221
Email: ir@sports-quest.c
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