CHICAGO, Jan. 30, 2018 (GLOBE NEWSWIRE) — Quantum Energy Inc. (OTCPINK:QEGY) (“QEGY”) under the guidance and efforts of Jeff Mallmes, Chairman/ President, has successfully completed the share re-structure by reducing the number of outstanding shares by more than 30 million (a 40% reduction) to less than 50 million shares outstanding. This restructuring effort was a direct result of corporate management change and such a share reduction provides a direct value to the Company’s current and future shareholders. Mr. Mallmes said that he intends to continue to improve and enhance the growth and development of QEGY by deploying additional resources to support such efforts.
The Company has retained Jerold N. Siegan, a Chicago based SEC attorney, to complete the filing of the S-1.
The Company has also retained Decoria Maichel Teague (“dm-t”) a Spokane based CPA firm along with Palouse Advisory Partners, LLC to complete the February 28, 2017, annual audit and bring all quarters current. Mr.Kacic, Director/Secretary is confident that this professional team will provide the completed audits in a timely fashion allowing QEGY to continue to move forward in a positive direction.
Quantum is an energy focused company with emphasis in energy projects including land holdings, refinery development, and fuel distribution in the U.S. and Canada, through its subsidiary Dominion Energy Process Group Inc. www.quantum-e.com
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company’s development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.