PALM BEACH, FL--(Marketwired - Jun 27, 2017) - Q2Power Technologies Inc. (
Under the terms of the MOU, the parties agreed to collaborate over the following 24 months in the acquisition of companies engaged in the compost manufacturing and sustainable soils markets. Walker has agreed to provide assistance in performing due diligence on possible acquisition targets, post-acquisition operational supervision, and on a case by case basis, up to $25 million in acquisition funding to complete these transactions. In the instance Walker provides funding and Q2 matches with cash or equity, it is contemplated that the selling company would be owned 50:50 among the parties.
"We thank Walker for their confidence in our team and our strategic mission of growing a leading publicly-traded compost and soils manufacturing company in North America through the acquisition of existing compost facilities and expansion of product sales and marketing channels," stated Q2's CEO, Christopher Nelson. "Walker is one of the most respected companies in this industry, and to have them as a partner on both operations and financing is a tremendous boost for our company."
"Q2's recent accomplishments demonstrate that they are capable of completing financing transactions and attracting quality companies focused on the manufacturing of compost to enhanced engineered soils. We believe this to be a growth market and Q2 has positioned themselves well. We are excited about being a partner in this strategy," said Mike Watt, Executive Vice President of Walker Environmental Group.
About Q2Power: Q2Power, through its Q2Earth division, has implemented a strategic plan to become a leading manufacturer of compost and engineered soils from recycled waste for the agriculture, horticulture, construction and infrastructure sectors. Through acquisitions, strategic alliances, and organic growth focused on creating and marketing quality beneficial reuse end products, Q2 plans to build the preeminent compost and soil company in North America. The Company recently completed the first phase of a bridge financing that will expedite this business plan and operational transition, and has begun to wind-down its previous waste-to-energy R&D operations. Q2 has recently regained "current filing" company status and OTCQB listing.
Legal Notice Regarding Forward-Looking Statements: This news release contains "Forward-looking Statements". These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the level of demand and market acceptance of our products, and changes in our business strategies.