MINNEAPOLIS, MINNESOTA - September 3, 2025 (NEWMEDIAWIRE) - LifeQuest World Corp. (OTCID: LQWC) (“LifeQuest” or the “Company”), an emerging leader in sustainable environmental technologies, today announced that it has entered into a Letter of Intent (“LOI”) to acquire 100% of the outstanding equity of a well-established solid waste management company based in the Pacific Northwest.
Under the terms of the proposed transaction, LifeQuest will issue a total of 2,888,290 Series B Preferred Shares of LifeQuest and make a US$500,000 cash payment as consideration. The Series B Preferred Shares are convertible into 288,829,000 shares of common stock and carry voting rights on an as-converted basis.
Following the acquisition, Max Khan will continue in his role as President, CEO and Director of LifeQuest.
Strategic Rationale
The acquisition represents a significant milestone in LifeQuest’s growth strategy. By combining the nearly 50 years of leadership in the U.S. waste equipment sales and service market with LifeQuest’s international wastewater treatment business, LifeQuest aims to become a vertically integrated environmental solutions provider for wastewater and solid waste management.
The acquired company has a proven track record in the Pacific Northwest with a customer base exceeding 3,000 accounts, a growing trash and recycling chute installation division, and exclusive distribution rights for an innovative aerobic food waste bio-digester. This platform provides LifeQuest with a strong foundation for expansion in the U.S. solid waste management market.
This acquisition also complements LifeQuest’s international footprint in wastewater treatment qualified sale pipeline of circa $28 million across Africa, the Philippines and Southeast Asia.
About LifeQuest World Corp. (LQWC)
LifeQuest World Corp. (OTCID: LQWC) is a U.S.-based public company with a mission to become a leader in sustainable environmental technologies. The Company specializes in low-cost, low-maintenance, and eco-friendly decentralized wastewater treatment systems.
LifeQuest owns the world’s first biological wastewater treatment system (STP), which treats sewage wastewater inside a series of pipes and does not produce sludge, odor, and does not use continuously running pumps for aeration. The STPs have been installed in multiple countries, serving multifamily buildings, hospitals, hotels, municipalities, and industrial facilities.
LifeQuest is rapidly expanding its portfolio to include solutions for industrial effluents in textiles, tanneries, fisheries, dairy, and processed water industries. With this acquisition, LifeQuest will broaden its reach into the U.S. solid waste management sector and introduce its wastewater treatment system.
About the Acquired Company
Established in the 70s, this Pacific Northwest-based waste equipment business is a premier provider of industrial trash compactors, balers, and related solutions, with operations across Oregon, Washington, Idaho and Montana. The company is engaged in sales and service of waste handling equipment and rentals with more than 3,000 customers.
The company also operates a dedicated trash and linen chute installation division, having completed over $6.8 million in chute projects since 2020 and currently holding a signed contract pipeline of circa $1.6 million. Combined unaudited revenue and EBITDA for the year ending 2024 were $3,034,000 and $220,000, respectively.
Additionally, it also holds exclusive regional distribution rights for an aerobic food waste bio-digester, a cutting-edge technology that efficiently treats food waste on site.
Forward-Looking Statements Disclaimer
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed acquisition, anticipated synergies, projected growth, and strategic plans of LifeQuest World Corp. Such statements are subject to numerous risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the ability to negotiate and execute definitive agreements, regulatory approvals, integration challenges, financing risks, and general business and market conditions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, LifeQuest undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. For a full discussion of these risks, please refer to LifeQuest’s filings with the U.S. Securities and Exchange Commission (SEC) and OTC Markets.
Contact
Investor Relations
LifeQuest World Corp.
www.lifequestcorp.com
info@lifequestcorp.com
646-201-5242
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