Palm Beach, FL, April 03, 2018 (GLOBE NEWSWIRE) -- Q2Earth, Inc. (OTCQB: QPWR) sent the following letter to shareholders today, providing updates about its acquisitions in process, funding and new team members:
Dear Q2Earth Shareholders:
Happy Spring to all. Fiscal Q2 is shaping up to be an exciting time for Q2Earth and we wanted to provide you with updates of our progress as we continue to execute on our strategic plan.
As we begin this process of acquiring and building compost manufacturing companies, we must be careful to utilize both cash and stock efficiently to limit dilution, avoid over-leveraging, and set expectations for future transactions. Valuations must match financial results and verifiable projections.
We anticipate that we will need an additional $5 million in either debt or equity to complete the first two transactions and support operations. We are in discussions with several groups to provide these funds and believe we will receive commitments soon.
Over the past year we have visited many compost facilities, spoken to dozens of owners, and learned a great deal about the industry and what makes a successful compost manufacturing business. We are as bullish as ever of the opportunities ahead and our strategic path forward.
We appreciate the support and patience all our shareholders have provided over the last year and, for some, longer. We believe 2018 will start bearing fruit from the seeds planted in 2017.
Best regards,
Kevin Bolin
Chairman and CEO
About Q2Earth: Q2Earth is executing its plan to become a leading manufacturer of compost and engineered soils from recycled waste for the agriculture, horticulture, construction and infrastructure sectors. Through a plan of acquisitions, strategic alliances, and organic growth focused on creating and marketing quality beneficial reuse end products, Q2Earth seeks to build the preeminent compost and soil company in North America, with international growth opportunities.
Legal Notice Regarding Forward-Looking Statements: This news release contains "Forward-looking Statements". These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to our ability to fully commercialize our technology, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets, the time and expense involved in such development activities, the ability to secure additional financing, the level of demand and market acceptance of our products, and changes in our business strategies.