Sports Quest, Inc. (OTC: SPQS) eBike Expansion, Crypto Token Development & Taiwan Software Reverse Takeover
Sports Quest (SPQS) has announced multiple strategic initiatives, including a potential control block acquisition by a Taiwanese software and cloud storage company. The company has reached an agreement to acquire a Canada-based eBike manufacturer and franchisor, with assembly operations in Vancouver and fulfillment centers in Vancouver and Miami.
The acquisition aims to strengthen SPQS's position in the electric mobility sector while offering franchise opportunities. Additionally, SPQS is developing a cryptocurrency token backed by eBike assets, which will be available through an Initial Coin Offering (ICO).
The company emphasizes that current operations continue as a going concern, regardless of the pending Taiwanese takeover outcome, focusing on strategic expansion in electric mobility, franchise network scaling, and digital asset development.
Sports Quest (SPQS) ha annunciato diverse iniziative strategiche, inclusa una potenziale acquisizione di un pacchetto di controllo da parte di una società taiwanese di software e cloud storage. L'azienda ha raggiunto un accordo per acquisire un produttore e franchisor di eBike con sede in Canada, con operazioni di assemblaggio a Vancouver e centri di distribuzione a Vancouver e Miami.
L'acquisizione mira a rafforzare la posizione di SPQS nel settore della mobilità elettrica, offrendo opportunità di franchising. Inoltre, SPQS sta sviluppando un token di criptovaluta sostenuto da beni eBike, che sarà disponibile tramite un'Offerta Iniziale di Monete (ICO).
L'azienda sottolinea che le operazioni attuali continuano come un'attività in corso, indipendentemente dall'esito dell'acquisizione taiwanese in sospeso, concentrandosi sull'espansione strategica nella mobilità elettrica, sulla scalabilità della rete di franchising e sullo sviluppo di beni digitali.
Sports Quest (SPQS) ha anunciado múltiples iniciativas estratégicas, incluida una posible adquisición de un bloque de control por parte de una empresa taiwanesa de software y almacenamiento en la nube. La compañía ha llegado a un acuerdo para adquirir un fabricante y franquiciador de eBike con sede en Canadá, con operaciones de ensamblaje en Vancouver y centros de cumplimiento en Vancouver y Miami.
La adquisición tiene como objetivo fortalecer la posición de SPQS en el sector de la movilidad eléctrica, al tiempo que ofrece oportunidades de franquicia. Además, SPQS está desarrollando un token de criptomoneda respaldado por activos de eBike, que estará disponible a través de una Oferta Inicial de Monedas (ICO).
La empresa enfatiza que las operaciones actuales continúan como un negocio en funcionamiento, independientemente del resultado de la adquisición taiwanesa pendiente, centrándose en la expansión estratégica en la movilidad eléctrica, la escalabilidad de la red de franquicias y el desarrollo de activos digitales.
스포츠 퀘스트 (SPQS)는 대만의 소프트웨어 및 클라우드 스토리지 회사에 의한 잠재적인 지배주식 인수를 포함하여 여러 전략적 이니셔티브를 발표했습니다. 이 회사는 밴쿠버에 조립 작업을 두고 있으며, 밴쿠버와 마이애미에 이행 센터를 갖춘 캐나다 기반의 eBike 제조업체이자 프랜차이저를 인수하기로 합의했습니다.
이번 인수는 전기 이동 수단 분야에서 SPQS의 입지를 강화하고 프랜차이즈 기회를 제공하는 것을 목표로 하고 있습니다. 또한 SPQS는 eBike 자산으로 지원되는 암호화폐 토큰을 개발하고 있으며, 이는 초기 코인 제공(ICO)을 통해 제공될 예정입니다.
회사는 대만 인수 결과와 관계없이 현재 운영이 계속되고 있으며, 전기 이동 수단에서의 전략적 확장, 프랜차이즈 네트워크 확장 및 디지털 자산 개발에 집중하고 있다고 강조합니다.
Sports Quest (SPQS) a annoncé plusieurs initiatives stratégiques, y compris une éventuelle acquisition d'un bloc de contrôle par une entreprise taïwanaise de logiciels et de stockage en cloud. L'entreprise a conclu un accord pour acquérir un fabricant et franchisé d'eBike basé au Canada, avec des opérations d'assemblage à Vancouver et des centres de distribution à Vancouver et Miami.
L'acquisition vise à renforcer la position de SPQS dans le secteur de la mobilité électrique tout en offrant des opportunités de franchise. De plus, SPQS développe un token de cryptomonnaie adossé à des actifs d'eBike, qui sera disponible via une Offre Initiale de Pièces (ICO).
L'entreprise souligne que les opérations actuelles se poursuivent en tant qu'entité en activité, indépendamment de l'issue de l'acquisition taïwanaise en attente, en se concentrant sur l'expansion stratégique dans la mobilité électrique, l'élargissement du réseau de franchises et le développement d'actifs numériques.
Sports Quest (SPQS) hat mehrere strategische Initiativen angekündigt, darunter eine potenzielle Übernahme eines Kontrollblocks durch ein taiwanesisches Software- und Cloud-Speicherunternehmen. Das Unternehmen hat eine Vereinbarung zur Übernahme eines in Kanada ansässigen eBike-Herstellers und Franchisenehmers getroffen, der Montagebetriebe in Vancouver und Fulfillment-Zentren in Vancouver und Miami betreibt.
Die Übernahme zielt darauf ab, die Position von SPQS im Bereich der elektrischen Mobilität zu stärken und Franchise-Möglichkeiten anzubieten. Darüber hinaus entwickelt SPQS einen Kryptowährungs-Token, der durch eBike-Vermögenswerte unterstützt wird und über ein Initial Coin Offering (ICO) verfügbar sein wird.
Das Unternehmen betont, dass die aktuellen Geschäfte unabhängig vom Ausgang der bevorstehenden taiwanesischen Übernahme als fortlaufendes Geschäft weitergeführt werden, wobei der Schwerpunkt auf strategischer Expansion im Bereich der elektrischen Mobilität, der Skalierung des Franchise-Netzwerks und der Entwicklung digitaler Vermögenswerte liegt.
- Agreement to acquire established eBike manufacturer and franchisor
- Strategic presence with fulfillment centers in Vancouver and Miami
- Potential control block acquisition by Taiwanese software company
- Uncertainty surrounding Taiwanese takeover outcome
- ICO development carries regulatory compliance risks
WEST PALM BEACH, FL / ACCESS Newswire / February 12, 2025 / Sports Quest, Inc. (OTC PINK:SPQS) Due to overwhelming inquiries on recent events and yesterday's SEC filing the management is of the opinion that these recent events warrant a further update or FAQ on these and other matters.
FAQ Taiwan takeover. Firstly, it is no secret that the Company has been a target of a control block acquisition (based on our previous OTC filings) by a Taiwanese software and cloud storage company for several months. The situation is very fluid, and management has no further comments to add. Once the process crystallizes further, additional updates will follow. In the meantime, the current management is operating the current business model and current operations as a going concern, regardless of the Taiwan outcome. By that we mean, our strategic expansion in the electric mobility sector, including the targeted acquisition of a Canada-based eBike manufacturer and franchisor; the scaling of its franchise network, and the development of a blockchain-backed digital asset.
eBike Manufacturer and Franchisor SPQS has an agreement in principle to acquire substantially all assets (Asset purchase Bulk Sale) of a well-established eBike manufacturer and established B2B franchisor. This acquisition aims to strengthen SPQS's position in the fast-growing electric mobility sector while providing franchise opportunities to entrepreneurs looking to invest in sustainable and innovative business models.
The Company's assembly operations are located in Vancouver BC Canada, ensuring cost-effective production, with fulfillment centers strategically located in Vancouver, BC, and Miami, FL, to efficiently service North American markets. SPQS plans to expand the existing multi-franchised eBike units and further enhance its footprint in the industry.
Development of a Crypto Token Backed by eBike Assets
To further drive innovation, SPQS is in the process of developing a cryptocurrency token backed by eBike assets. The token will be tradable via an Initial Coin Offering (ICO), providing a unique investment vehicle tied to the growing eBike market. The Company is committed to ensuring compliance with all relevant regulations as it moves forward with this digital asset initiative. Further details will be provided as the project progresses.
"We are excited about the direction in which SPQS is heading. Our expansion into the eBike industry through acquisition and our venture into blockchain technology with an asset-backed token demonstrates our commitment to innovation and growth," said EVP & SPQS Spoke person James Healey. "We will continue to update our shareholders as these initiatives advance."
More updates will follow,
About Sports Quest, Inc.:
Sports and entertainment Company. The Company developed and maintained a franchise portal for both B2B and B2C front and back-office end users known in the industry as iefranchise.com. The Company is in the process of a joint venture and or amalgamation with a Canadian based e Bike manufacturer distributor and a franchisor with multiple active outlets. The JV is aiming to include the development of a utility crypto token see www.ride2earn.com for full details.
Disclosure:
Information in this news release may contain statements about future expectations, plans, prospects or performance of SPQS that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SPQS cautions you that any forward-looking information provided by or on behalf of SPQS is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind SPQS's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SPQS's control. In addition to those discussed in SPQS's press releases, public filings, and statements by SPQS's management, including, but not limited to, SPQS's estimate of the sufficiency of its existing capital resources, SPQS's ability to raise additional capital to fund future operations, SPQS's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SPQS's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SPQS does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events
SPQS Management
Contact info:
Twitter @SpqsOtc
Phone: +1 561 631 9221
Email: ir@sports-quest.co
Web: https://sports-quest.co
SOURCE: SportsQuest, Inc.
View the original press release on ACCESS Newswire
FAQ
What assets is SPQS acquiring in the eBike manufacturer deal?
Where are SPQS's eBike fulfillment centers located?
What is the status of SPQS's Taiwanese takeover deal?
How will SPQS's crypto token be backed by eBike assets?
