SOURCE: H-Quotient, Inc.

October 12, 2006 09:28 ET

H-Quotient Announces Stock Distribution

VIENNA, VA -- (MARKET WIRE) -- October 12, 2006 -- H-Quotient, Inc., (PINKSHEETS: HQNT) announced today that it will distribute one share of Healthnostics, Inc. (PINKSHEETS: HNST) for every two shares of H-Quotient, Inc., (HQNT) stock held by HQNT stockholders of record on October 23, 2006. The distribution will occur on or before November 20, 2006. The HNST shares, which were received by HQNT from the sale of PhysicianQuotient software, will be restricted for up to two years, however, all recipients of the HNST shares will also have the right to receive one share of MedBioWeb, Inc., free-trading stock for every 10 shares of HNST stock received at such time as when MedBioWeb shares are issued. MedBioWeb is currently a wholly owned subsidiary of HNST that is being spun-off into a new publicly-traded company upon the effectiveness of its registration with the Securities and Exchange Commission.

When the HNST distribution is completed, HQNT will cease to have any ongoing business activity.

Earlier this year, HQNT stockholders received one share of Standard Holdings Group Ltd. (SNDH) stock for every one share of HQNT stock held. Last year, HQNT stockholders received one share of free-trading SNDH shares for every 10 shares of HQNT stock held.

The combined distributions will provide HQNT shareholders with shares in SNDH, HNST, and MedBioWorld that exceed their total shares of HQNT.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the H-Quotient web site at www.hquotient.com.

Contact Information

  • Contact:
    H-Quotient, Inc.
    (703) 821-3434