In a wide ranging release, management of QED Connect, a global holding company announced the acquisition of AFON 2010; a Ukraine based oil and gas company. As part of this announcement management indicated they are considering migrating their domain, StockProfile.com to a crowdfunding platform;
“QED is exploring the possibility of using its StockProfile.com asset as a crowdfunding platform. The Securities and Exchange Commission has proposed rules regarding crowdfunding, which will allow retail investors to invest in small companies without the cost and burden of undertaking a registered public offering.”
Tom Makmann, CEO and President, stated, “For 2014, the Company will continue its plans to focus on acquisitions, strategic partnerships and joint ventures. We focus on acquiring companies with established businesses and good financial performance. The Company is reviewing several opportunities and hopes to make additional acquisitions by the second quarter of 2014.
Mr. Makmann added, “We are very excited about the prospects for 2014. We intend to build off of the groundwork that we have laid over the past couple of years in locating promising investment opportunities. Our progress has been slower than desired due to the combination of difficult economic times and lack of available funding; however, we are working on financing from various sources. Once sufficient capital is obtained, we believe that will be in a position to give our shareholders increased value from our investment and acquisition strategy.”
According to the QED web site the company acquired the assets of StockProfile.com in 2011 which operates a financial news Internet site.
The site goes on to explain that “the Company plans to expand the business offerings of StockProfile.com by developing a platform for crowdfunding. The process can enable startups with access to the much larger group of investors to get their funding not just a small group of “friends & family” which live in close proximity.”
