SPQS SportsQuest Inc (PK)

                                      SportsQuest, Inc (SPQS) Approves 3.5 Billion Buyback Plan

ORLANDO, Florida-  December 4, 2012- SportsQuest, Inc (SPQS) announces today that its Board of Directors has approved a share repurchase program for up to a total of three billion five hundred million shares (3,500,000,000) of the Company's common stock.  The Board will review the program after a period of 12 months.  Share repurchases, paid in cash, may be made from time to time in open market transactions at prevailing market prices or in privately negotiated transactions.   Both the timing and the amount of purchases made under the program will be determined by management, based upon market conditions and other factors.
 The program does not require the Company to purchase any set number or amount of shares, and may be suspended or reinstated at any time, without notice, at the Company’s discretion.   SPQS will follow the guidelines of Rule 10b-18 when repurchasing shares.
Jeffrey Burns, CEO and President of SPQS, states: "This announcement reflects our confidence in the long-term growth of the company and our commitment to returning value to our shareholders.”

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 b

SportsQuest (PK) (USOTC:SPQS)
Historical Stock Chart
From Oct 2024 to Nov 2024

SportsQuest (PK) (USOTC:SPQS)
Historical Stock Chart
From Nov 2023 to Nov 2024