LifeQuest World Corp. Announces Acquisition of Pacific Northwest Waste Management Company to Expand Environmental Solutions

LifeQuest World Corp. (OTCID: LQWC), an emerging leader in sustainable environmental technologies, has entered into a Letter of Intent to acquire 100% of the outstanding equity of a well-established solid waste management company based in the Pacific Northwest. The proposed transaction involves LifeQuest issuing 2,888,290 Series B Preferred Shares convertible into 288,829,000 shares of common stock and making a US$500,000 cash payment as consideration.

This acquisition represents a significant milestone in LifeQuest's growth strategy, combining nearly 50 years of leadership in the U.S. waste equipment sales and service market with LifeQuest's international wastewater treatment business. The move positions LifeQuest to become a vertically integrated environmental solutions provider for both wastewater and solid waste management, addressing growing global demand for comprehensive environmental services.

The acquired company brings substantial operational assets to LifeQuest, including a customer base exceeding 3,000 accounts across Oregon, Washington, Idaho, and Montana. The company operates a growing trash and recycling chute installation division that has completed over $6.8 million in chute projects since 2020 and currently holds a signed contract pipeline of approximately $1.6 million. With combined unaudited revenue of $3,034,000 and EBITDA of $220,000 for the year ending 2024, the acquisition provides LifeQuest with immediate revenue generation and market presence.

Strategically, this acquisition complements LifeQuest's international footprint in wastewater treatment, which includes a qualified sale pipeline of approximately $28 million across Africa, the Philippines, and Southeast Asia. The acquired company's exclusive regional distribution rights for an innovative aerobic food waste bio-digester technology further enhances LifeQuest's portfolio of sustainable environmental solutions. This technology efficiently treats food waste on-site, aligning with LifeQuest's mission to provide low-cost, low-maintenance, and eco-friendly environmental technologies.

The integration of these operations creates significant cross-selling opportunities, allowing LifeQuest to introduce its proprietary wastewater treatment systems to the acquired company's extensive customer base while leveraging the waste management company's established distribution channels. Following the acquisition, Max Khan will continue in his role as President, CEO, and Director of LifeQuest, ensuring leadership continuity during the integration process.

This transaction marks LifeQuest's strategic entry into the U.S. solid waste management sector, providing the company with a strong foundation for expansion and the ability to offer comprehensive environmental solutions to commercial, industrial, and municipal customers. The combination of expertise in both wastewater and solid waste management positions LifeQuest to address the increasing regulatory requirements and sustainability demands in the environmental services industry.