LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of a Pacific Northwest waste management equipment company, transforming the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The transaction, structured as an all-equity deal, closed effective June 12, 2026, and immediately adds approximately $3.5 million in annual revenue to LifeQuest's consolidated results.
The acquired business, comprising two Oregon corporations operating under common ownership, has been a multi-decade operator in the commercial waste management equipment sector, serving businesses, institutions, and municipalities throughout Oregon, Washington, Idaho, and Montana. Its services include equipment sales and service, rentals, installation, preventive maintenance contracts, and specialty cleaning. As consideration for 100% of the acquired entities, LifeQuest issued 3,338,290 shares of Series B Preferred Stock, convertible into common stock, and an $85,000 unsecured promissory note.
Max Khan, Chief Executive Officer of LifeQuest, stated, 'This acquisition is a transformational step for LifeQuest. The acquired business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform.' The acquisition creates a three-subsidiary holding company, joining BioPipe Global Corp., LifeQuest's decentralized wastewater treatment technology subsidiary, which has installations in 11 countries.
For the fiscal year ended December 31, 2025, the acquired business generated combined revenues of approximately $3.5 million. On a GAAP basis, the combined entities reported a net loss of approximately $4,400 before income taxes, but after non-recurring, non-cash charges, normalized pre-tax income was approximately $211,000 (non-GAAP). The company also held $581,665 in deferred revenue as of year-end 2025, providing revenue visibility for 2026.
Management outlined a strategic roadmap following the acquisition, including engaging a PCAOB-registered auditor, filing a Form S-1 or Form 10 with the SEC, seeking shareholder approval for a 1-for-40 reverse stock split, and applying for listing on the OTCQB Venture Market. 'The revenue foundation that the acquired business provides is essential for a credible SEC registration and OTCQB uplisting process,' Khan added.
LifeQuest World Corp. is a diversified environmental and industrial services holding company operating through its subsidiaries. More information is available at www.lifequestcorp.com and www.biopipe.co.
Forward-looking statements in this press release are subject to risks and uncertainties. The company undertakes no obligation to update forward-looking statements.
