SOURCE: Quintessence Holdings Inc.

April 17, 2008 08:33 ET

Dan Pratte Joins Quintessence Board

TORRANCE, CA--(Marketwire - April 17, 2008) - Quintessence Holdings Inc. (PINKSHEETS: QUIN) is pleased to announce the appointment of Mr. Dan B. Pratte as a Director. Mr. Pratte is an electric power development engineer by profession with extensive technical, operations and project management experience in the energy industry.

Mr. Pratte has been successful in the development of PrimeGen Power Units for distribution to Power companies by Terminus energy,, he also brings internationally recognized scientific and development talent to Terminus Energy.

Following his service in the U.S. Navy, Dan Pratte attended the University of Missouri-Columbia, receiving a B.S. in electrical engineering with graduate studies in nuclear power engineering. He also holds a B.A. in history and government from Columbia College and numerous certifications with the Nuclear Regulatory Commission and the Institute of Nuclear Power Operations.

Quintessence's President and Chief Executive Officer Joseph Pittera commented, "Mr. Pratte brings a wealth of managerial experience and technical expertise to our organization," mentioning his previously held positions with Ameren-UE, a large investor owned utility where he attained and developed an extensive background in operations, engineering and management of large output nuclear electric power installations.

On accepting his appointment, Mr. Pratte stated, "I am extremely impressed with the Quintessence team's forward-leaning grasp of energy sector opportunities. I look forward to working with Quintessence as we facilitate these opportunities and steadily expand our project base."

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 has 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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Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Quintessence Holdings Inc. (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales.

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