LifeQuest World Corp. Acquires Waste Management Firm, Adds $3.5M Revenue, Becomes Multi-Subsidiary Environmental Platform
LQWC has more than doubled off its 52-week low of $0.001.
Summary
This is a transformational acquisition for LifeQuest World Corp., which has a market cap of $1.35 million. The company completed an all-equity acquisition of a Pacific Northwest waste management firm, immediately adding approximately $3.5 million in annual revenue and $211,000 in normalized pre-tax income. This moves LQWC from a development-stage company to a revenue-generating environmental services platform with three subsidiaries. The deal also outlines a pathway to PCAOB audit, SEC registration, and OTCQB uplisting.
At the time of this announcement, LQWC was trading at $0.01 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4M. The 52-week trading range was $0.00 to $0.02. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: EQS.