Business
STWA Launches Special Purpose Vehicle -- QS Energy Pool -- to Pursue Acquisition Strategy
STWA Launches Special Purpose Vehicle -- QS Energy Pool -- to Pursue Acquisition Strategy.
About this update from Qs Energy, Inc.
[{"type":"text","content":"\n \n \n STWA Launches Special Purpose Vehicle -- QS Energy Pool -- to Pursue Acquisition Strategy\n \n \nSTWA Launches Special Purpose Vehicle -- QS Energy Pool -- to Pursue Acquisition Strategy\n \n SANTA BARBARA, CA--(Marketwired - Jul 20, 2015) - STWA (OTCQX: ZERO)\n \n \n Company initiates bifurcated growth strategy for 1) continued commercialization of current product portfolio, and 2) the pursuit of accretive acquisitions of complementary businesses to drive shareholder value \n \n \n Management in advanced discussions with multiple, leading energy focused investment banks for this venture \n \n \n Board of Directors appoints leading industry experts to QS Energy Pool Advisory Board\n \n \n \n \n S STWA (the \"Company\") (OTCQX: ZERO), a developer of integrated technology solutions for the energy industry, today announced the launch of QS Energy Pool (\"QSEP\"), a newly formed wholly owned subsidiary, which will serve as a special purpose vehicle with a sole purpose of pursuing acquisition opportunities in the oil and gas operations market.\n The formation of QSEP represents the first step of the Company's mergers & acquisitions plan as it pursues its bifurcated growth strategy of commercializing its current technology solutions, further building out its product portfolio, and acquiring complementary entities or product lines that will drive future shareholder value. QSEP will target the acquisition of operating companies and/or oil & gas assets, primarily looking at those with proven, positive cash flow in an effort to provide operating income and bottom line revenue that are both accretive to, and synergistic with, STWA's current operations. Initial acquisition targets are expected to be valued between $10 and $25 million, with annual revenues ranging from $3-$8 million, though other acquisition targets could materialize and may be pursued.\n Greggory Bigger, STWA Chief Executive Officer and Chairman, commented, \"The launch of QS Energy Pool represents one of the most important and promising initiatives in STWA's history. Recent downward pressure on oil prices has drastically depressed values of producing assets and companies within the sector, and there is significant value to be had for those who are able to capitalize on current market conditions. We intend to initiate an M&A strategy for complementary e...