SPQS Here we go SPQS CEO Address OTC SPQS Press R
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Posted On: 07/13/2022 3:37:32 PM
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SPQS Here we go SPQS CEO Address OTC SPQS
Press Release | 07/13/2022
SportsQuest (OTC:SPQS) www.sports-quest.co The Company is pleased to provide this update in accordance with our Forward Guidance filing of 7/7/21
https://www.otcmarkets.com/stock/SPQS/news/Ne...?id=364038
The board members and the management would like to use this opportunity to introduce our Interim CEO Ms. Irina Vaselinovic who is also the company's COO. Once a new CEO is appointed Irina will revert back to being our COO however her accolades and contribution to the SPQS organization should not go unnoticed.
Irina as a Business Development Manager, has been working in private companies, and spent almost a decade mastering her leadership in administration, accounting, investor relations skills and financial intelligence. In addition, her creativity and entrepreneurial versatility is reflected by her professional endeavors in the interior design and fashion industries. Relying on her extensive background in various business fields, Irina is able to provide the necessary connections and momentum that is the cornerstone of our team.
To that end SPQS reminds its followers that the company's core business is in the water packing and the beverage industry. On that note we wish to add that we embrace new or emerging technologies with hyper-growth type opportunities, or unicorn type businesses. . For example in the last 18 months we looked at acquiring a sports team (AA baseball and experimental flying car) featured on CNN. Unfortunately for one reason or another this did not work out. To insure this does not continue to repeat we changed our transfer agent firm from Continental Stock to Empire Stock. We are currently conducting an audit on all shares issued and by all accounts we verily belive that we should be able to reduce our share structure significantly. One of the FAQ questions we frequently receive is "are these 2 deals off the table? Absolutely not! These are unicorn deals. These are deals which we hope we can aquire at favorable terms and price point which we would later sell (6 to 18 month horizon) and use these proceeds to bring value to the organization such as share buy back or using the proceeds to uplift the co to QB level or beyond. We are currently entertaining few other unicorn type business models as a possible merger candidate. Our major focus is that the merger subsidiary is well capitalized and or self sustainable and will not require further cash infusion from SPQS.
We are on a cusp of 1 or 2 separate and unrelated unicorn type acquisitions. We remind our shareholders that our Core Business of water packing remains our focus of operations. On that front we are of the opinion that we will button down the 40,000 plant this month and start production within 90 days of our move in. We have already secured several significant water accounts that will surprise even our most die hard critics and by all accounts will put a smile on our shareholders face.
This is worth repeating, athough we dabble in other "unicorn" type of products and in non-aligned 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
Press Release | 07/13/2022
SportsQuest (OTC:SPQS) www.sports-quest.co The Company is pleased to provide this update in accordance with our Forward Guidance filing of 7/7/21
https://www.otcmarkets.com/stock/SPQS/news/Ne...?id=364038
The board members and the management would like to use this opportunity to introduce our Interim CEO Ms. Irina Vaselinovic who is also the company's COO. Once a new CEO is appointed Irina will revert back to being our COO however her accolades and contribution to the SPQS organization should not go unnoticed.
Irina as a Business Development Manager, has been working in private companies, and spent almost a decade mastering her leadership in administration, accounting, investor relations skills and financial intelligence. In addition, her creativity and entrepreneurial versatility is reflected by her professional endeavors in the interior design and fashion industries. Relying on her extensive background in various business fields, Irina is able to provide the necessary connections and momentum that is the cornerstone of our team.
To that end SPQS reminds its followers that the company's core business is in the water packing and the beverage industry. On that note we wish to add that we embrace new or emerging technologies with hyper-growth type opportunities, or unicorn type businesses. . For example in the last 18 months we looked at acquiring a sports team (AA baseball and experimental flying car) featured on CNN. Unfortunately for one reason or another this did not work out. To insure this does not continue to repeat we changed our transfer agent firm from Continental Stock to Empire Stock. We are currently conducting an audit on all shares issued and by all accounts we verily belive that we should be able to reduce our share structure significantly. One of the FAQ questions we frequently receive is "are these 2 deals off the table? Absolutely not! These are unicorn deals. These are deals which we hope we can aquire at favorable terms and price point which we would later sell (6 to 18 month horizon) and use these proceeds to bring value to the organization such as share buy back or using the proceeds to uplift the co to QB level or beyond. We are currently entertaining few other unicorn type business models as a possible merger candidate. Our major focus is that the merger subsidiary is well capitalized and or self sustainable and will not require further cash infusion from SPQS.
We are on a cusp of 1 or 2 separate and unrelated unicorn type acquisitions. We remind our shareholders that our Core Business of water packing remains our focus of operations. On that front we are of the opinion that we will button down the 40,000 plant this month and start production within 90 days of our move in. We have already secured several significant water accounts that will surprise even our most die hard critics and by all accounts will put a smile on our shareholders face.
This is worth repeating, athough we dabble in other "unicorn" type of products and in non-aligned 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
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