Sports Quest, Inc. (OTC: SPQS) Files Form 10 to Become an SEC Reporting Issuer, Outlines eBike Expansion Plans
Sports Quest (OTC: SPQS) has filed Form 10 with the SEC to become a fully reporting issuer, marking a significant step towards enhanced transparency and regulatory compliance. The company has announced plans to expand into the eBike industry through the acquisition of an established eBike manufacturer and franchisor.
The expansion strategy includes setting up assembly operations in Canada with fulfillment centers in Vancouver, BC and Miami, FL to service West and East Coast customers respectively. Additionally, SPQS is exploring the development of a cryptocurrency token backed by eBike assets to enhance investment opportunities within its mobility ecosystem.
According to EVP James Healey, these initiatives reflect the company's commitment to innovation and long-term growth, with promises to keep shareholders updated on future developments.
Sports Quest (OTC: SPQS) ha presentato il Modulo 10 alla SEC per diventare un emittente completamente registrato, segnando un passo significativo verso una maggiore trasparenza e conformità normativa. L'azienda ha annunciato piani per espandersi nell'industria delle eBike attraverso l'acquisizione di un produttore e franchisor di eBike consolidato.
La strategia di espansione include la creazione di operazioni di assemblaggio in Canada con centri di distribuzione a Vancouver, BC e Miami, FL, per servire rispettivamente i clienti della costa ovest e della costa est. Inoltre, SPQS sta esplorando lo sviluppo di un token di criptovaluta supportato da beni eBike per migliorare le opportunità d'investimento all'interno del proprio ecosistema di mobilità.
Secondo il VP James Healey, queste iniziative riflettono l'impegno dell'azienda per l'innovazione e la crescita a lungo termine, con promesse di mantenere aggiornati gli azionisti sugli sviluppi futuri.
Sports Quest (OTC: SPQS) ha presentado el Formulario 10 ante la SEC para convertirse en un emisor completamente informado, marcando un paso significativo hacia una mayor transparencia y cumplimiento regulatorio. La compañía ha anunciado planes para expandirse en la industria de eBike a través de la adquisición de un fabricante y franquiciador de eBike establecido.
La estrategia de expansión incluye establecer operaciones de ensamblaje en Canadá con centros de distribución en Vancouver, BC y Miami, FL, para atender a los clientes de la costa oeste y este respectivamente. Además, SPQS está explorando el desarrollo de un token de criptomoneda respaldado por activos de eBike para mejorar las oportunidades de inversión dentro de su ecosistema de movilidad.
Según el VP James Healey, estas iniciativas reflejan el compromiso de la empresa con la innovación y el crecimiento a largo plazo, prometiendo mantener a los accionistas informados sobre futuros desarrollos.
스포츠 퀘스트 (OTC: SPQS)는 SEC에 10번 양식을 제출하여 완전 보고 발행체가 되기로 하여 투명성과 규제 준수에서 중요한 단계를 마크하였습니다. 이 회사는 이미 설립된 eBike 제조업체 및 프랜차이저를 인수하여 eBike 산업으로 확장할 계획을 발표했습니다.
확장 전략에는 고객에게 서비스를 제공하기 위해 BC주 밴쿠버와 FL주 마이애미에 조립 공장을 설립하는 것이 포함됩니다. 또한 SPQS는 eBike 자산으로 지원되는 암호화폐 토큰 개발을 탐색하여 이동성 생태계 내에서 투자 기회를 강화할 계획입니다.
EVP 제임스 힐리는 이러한 이니셔티브가 혁신과 장기 성장에 대한 회사의 헌신을 반영하며, 주주들에게 향후 개발 상황을 지속적으로 업데이트하겠다고 약속했습니다.
Sports Quest (OTC: SPQS) a déposé le Formulaire 10 auprès de la SEC pour devenir un émetteur entièrement déclaré, marquant une étape significative vers une transparence accrue et une conformité réglementaire. L'entreprise a annoncé des plans pour s'étendre dans l'industrie des eBikes par l'acquisition d'un fabricant et franchisor de eBikes établi.
La stratégie d'expansion comprend l'établissement d'opérations d'assemblage au Canada avec des centres de distribution à Vancouver, BC et Miami, FL pour servir respectivement les clients de la côte ouest et de la côte est. De plus, SPQS explore le développement d'un jeton de cryptomonnaie soutenu par des actifs eBike pour améliorer les opportunités d'investissement au sein de son écosystème de mobilité.
Selon le VP James Healey, ces initiatives reflètent l'engagement de l'entreprise envers l'innovation et la croissance à long terme, avec la promesse de tenir les actionnaires informés des développements futurs.
Sports Quest (OTC: SPQS) hat das Formular 10 bei der SEC eingereicht, um ein vollständig berichtender Emittent zu werden, was einen bedeutenden Schritt in Richtung verbesserter Transparenz und regulatorischer Compliance darstellt. Das Unternehmen hat Pläne angekündigt, in die eBike-Industrie durch die Übernahme eines etablierten eBike-Herstellers und Franchisegebers zu expandieren.
Die Expansionsstrategie umfasst die Einrichtung von Montagebetrieben in Kanada mit Vertriebszentren in Vancouver, BC und Miami, FL, um Kunden an der West- und Ostküste entsprechend zu bedienen. Darüber hinaus untersucht SPQS die Entwicklung eines Kryptowährungstokens, das durch eBike-Vermögenswerte gedeckt ist, um die Investitionsmöglichkeiten innerhalb seines Mobilitätsecosystems zu erweitern.
Laut EVP James Healey spiegeln diese Initiativen das Engagement des Unternehmens für Innovation und langfristiges Wachstum wider, mit dem Versprechen, die Aktionäre über zukünftige Entwicklungen auf dem Laufenden zu halten.
- Filing of Form 10 with SEC enhances corporate transparency and credibility
- Strategic expansion into eBike industry through acquisition of established manufacturer
- Planned bi-coastal fulfillment centers in Vancouver and Miami optimize distribution
- eBike acquisition still in initial stages with no definitive agreement
- Cryptocurrency token development is still in evaluation phase with uncertain outcome
WEST PALM BEACH, FL / ACCESS Newswire / February 11, 2025 / Sports Quest, Inc. (OTC PINK:SPQS) is pleased to announce that it has officially filed a long-awaited Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting issuer. This milestone reflects the Company's dedication to transparency, regulatory compliance, and enhanced corporate governance. Investors will benefit from more detailed and timely financial disclosures, reinforcing confidence in SPQS's long-term strategy.
Strategic Expansion into the eBike Industry In addition to the regulatory milestone, SPQS is in the initial stages of acquiring all assets of an established eBike manufacturer and franchisor. This expansion is poised to bring innovative mobility solutions to the market, leveraging an existing network of multi-unit franchised enterprises. The Company's strategy includes assembly operations in Canada, with fulfillment centers based in Vancouver, BC, (to service the West Coast) and Miami, FL, (for the East Coast customers); ensuring a seamless supply chain for future customers, resellers, and franchisees.
Outlook on Crypto Token Development As part of its forward-thinking initiatives, SPQS is evaluating the development of a cryptocurrency token backed by eBike assets. This potential digital asset aims to enhance investment opportunities within the Company's expanding mobility ecosystem. More details will be announced as the project progresses.
"We believe that becoming an SEC reporting company marks a significant step toward credibility and investor confidence. Our strategic expansion into the eBike industry, along with future blockchain opportunities, reflects our commitment to innovation and long-term growth," said SPQS EVP and spoke person James Healey "We will keep shareholders updated as we move forward with these initiatives."
About Sports Quest, Inc.:
Sports and Entertainment Company. The Company developed and maintains 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 10 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 does Sports Quest's (SPQS) Form 10 filing mean for investors?
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