Company Initiates Discussions with 12 Year Old Profitable Acquisition Candidate

Company Initiates Discussions with 12 Year Old Profitable Acquisition Candidate

Orlando, FL MAR. 22, 2013 (OTC MARKETS NEWSWIRE) -- SportsQuest, Inc. (SPQS), a publicly-traded holding company, announced today it is pleased to announce that the Company has initiated discussions with a Florida based entertainment company. SportsQuest and the merger candidate are discussing terms for SPQS to acquire the company and expand its corporate diversity.

The acquisition candidate is a profitable well-established 12 year Florida Entertainment company. The company is multifaceted. Its film division is IMBD credited with multiple projects from concept to completion. Its communication group provides audio and video transmission broadcasting services to companies, studios, and media outlets through satellite links. The company offers digital and analog transportable C-band and KU-band uplinks, dual path cameras, and transponders. It serves government and education entities.

No agreements have been signed and consummation of any such transaction is dependent upon numerous important contingencies

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the company's historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology, industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the company's filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the company's objectives will be attained.

SportsQuest (PK) (USOTC:SPQS)
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