Quantum Energy Issues Shareholder Update
TEMPE, AZ--(Marketwired - May 26, 2015) - Refinery developer Quantum Energy, Inc. (OTC PINK: QEGY) is pleased to issue the following shareholder update on corporate developments:
Quantum has recently engaged the consulting services of an investment advisory firm who has directed the Company to its team of S-1 attorney's and auditors. As such, the services of the previously announced law firm and its related investment advisors are no longer required. "We are excited about the progress we are rapidly making on both the 2015 audit and the S-1 registration filing as we continue to move forward in our corporate governance and refinery development efforts," said Stan Wilson, Quantum's Chairman. "With the S-1 registration we will become fully reporting and with the capital to be raised we will seek a listing on both a major US and Canadian exchange. The proposed funding will also trigger the permitting process on the first of our Bakken refineries," Wilson added.
The February 28, 2015 year end audit is nearing completion by the CPA firm of SEALE & BEERS and the law firm of BRUNSON CHANDLER & JONES, PLLC is now handling the S-1 to expedite its filing.
Recent negotiations on the Fairview, Montana site resulted in an increase in acreage from 144.6 acres to 154 acres as the two Landowners agreed to a six month extension of a key term of the option agreements.
Quantum has signed two year Option Agreements with Landowners in Baker, MT, Fairview, MT, Stanley, ND and Berthold, ND for Energy Center refinery sites and is making progress in firming up relationships with other strategic alliance partners, refinery design teams, engineering firms, major diesel off-take sources and potential funding sources as well as crude supply candidates.
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a development stage, publicly traded, diversified holding company with offices in Williston, North Dakota. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution and has recently entered into a Strategic Alliance with Bilfinger Westcon (www.westconindustries.com) to develop multiple Energy Centers that include a 20,000 barrel per day diesel refinery throughout the Bakken. www.quantum-e.com
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
