MANCHESTER, N.H., June 30, 2010 (GLOBE NEWSWIRE) -- QED Connect Inc. ("QED Connect") (Pink Sheets:QEDN) announced today that its acquisition target, Nazz Productions Inc. ("Nazz"), is expecting to see improvement in 2nd quarter results based on its recent premier of its new movie: "Good Day For It".
The movie, written by Nick Stagliano and James Canfield Wolf, is a modern day western set over the course of one day. It is reminiscent of "High Noon" and "A History of Violence". The film, which stars Academy Award nominee Hal Holbrook, Robert Patrick, Lance Henriksen, Robert Englund, Kathy Baker, Samantha Mathis, Mika Boorem, Joe Flanigan, Christian Kane and Richard Brake is currently in post-production.
Nick Stagliano, CEO of Nazz, commented, "I am confident that Nazz will be in position to meet its goals and be profitable this year. We are currently preparing to launch a new movie project in the next few months that we also expect to contribute to improved operations."
Mr. Makmann, President of QED Connect, added, "Nazz Productions is on track to meet its goals and with the recent announced orders from our pending Joint Venture partner, Sofame Technologies, Inc., of $1,116,000.00 combined Canadian and U.S. based orders, QED Connect is anticipating an improved outlook for the second half of 2010."
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential which QED can assist in achieving their plans and realizing their maximum potential. This business model achieves the Company's goals and expands its overall revenue and profits and diversifies through entry into the multiple market segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value. www.qedconnect.com
About Nazz Productions, Inc.
Nazz is an independent producer and distributor of film and television entertainment content. The Company focuses on producing artistic films that emphasize complex storylines and character development while curtailing overall production costs associated with feature film cinematography. Nazz intends to establish both national and international channels for distribution of films to both theaters and on television and to establish an entertainment library. It is expected that post-release distribution of the content of such a library will generate recurring revenues by distributing film directly to retailers, the expanding online distribution network, and television. The Company is currently in post-production on its latest film Good Day For It, starring Academy Award nominee Hal Holbrook, Robert Patrick, Lance Henriksen, Robert Englund, Kathy Baker, Samantha Mathis, Mika Boorem, Joe Flanigan, Christian Kane and Richard Brake. Past films include The 24th Day, starring Scott Speedman and James Marsden as well as The Florentine, which was a co-production along with Francis Ford Coppola's American Zoetrope.
Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) successfully obtain and fill potential product orders; (iv) complete the Joint Venture Agreement with Sofame Technologies; (v) competitive factors and developments beyond the Company's control; and (vi) other risk factors.