SOURCE: Quintessence Holdings Inc.

August 05, 2008 08:23 ET

Quintessence Holdings Inc. Strives for Transparency

TORRANCE, CA--(Marketwire - August 5, 2008) - In an effort to keep investors updated, Quintessence Holdings Corp. (PINKSHEETS: QUIN) announced that it is updating its publicly available information in order to obtain a fully reporting status with the Pink Sheets.

Joseph Pittera, president of Quintessence Holdings Inc., stated, "We are waiting for our accountants to complete our financial statements in order to update and post current data to the financial news carrier's databases. We expect to be fully updated in a reasonable amount of time. This is of paramount importance, especially in light of our current business direction and aggressive attitude toward the launch of our Terminus Energy Platforms under production development for our strategically targeted markets."

About Quintessence Holdings Inc.

Quintessence Holdings Inc. specializes in acquiring businesses in dynamic areas. Utilizing a unique acquisition model, Quintessence Holdings Inc. provides companies an opportunity to gain access to U.S. capital markets. In exchange, Quintessence Holdings Inc. retains a significant percentage of each target company, creating a diversified, growth oriented investment base that should enjoy a steady, long-term increase. Each target company reviewed for acquisition must meet specific criteria detailed in Quintessence Holdings Inc.'s acquisition model and have proven commercial track records. Management is confident that it should deliver consistent, continued growth and be successful in increasing shareholder value through accurate and meticulous due diligence.

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This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

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