SOURCE: QED Storage, Inc.

May 16, 2007 10:00 ET

GUWO Holdings Signs Merger Agreement

NASHUA, NH -- (MARKET WIRE) -- May 16, 2007 -- GUWO Holdings, Inc. (PINKSHEETS: GWOH) (GWOH) announces that it has signed a merger agreement to acquire QED Storage, Inc. (QED). Pursuant to the terms of the final agreement, GWOH will acquire 100% of the interests in QED in exchange for controlling interest of GWOH restricted common stock.

Effective at the completion of the merger, the management of QED will assume control of GWOH.

To reflect the new corporate direction of the Company, QED intends to change the corporate name of GWOH to QED Storage, Inc. Upon successful closing of merger, the Company will take the requisite steps to change the name and notify the NASD in order to receive a new trading symbol.

About QED Storage, Inc.

QED is a Managed Services company providing comprehensive solutions and services to the Small to Medium Business (SMB), Department Enterprise Organizations (DEO), Education, and other "not for profit" organizations. The customer's designated administrator has visibility, management and control over all Internet-related activities as well as asset management for hardware and software applications, license tracking and user application reports.

The QED family of products provide the next generation in Internet security. It is an 'online' management service which secures laptops & desktops and enforces policies in real time. The QED product provides the technology and functionality for administrating assets from computers to employee productivity. Combining core functionality of Anti Virus, Web Filtering & Blocking, and Usage & Application Management with comprehensive reporting, QED enables the central application and enforcement of usage policies across physical and geographic boundaries.

QED offers the only complete multi-function solution for "Internet security," delivering enterprise rich features and functions; and because of online delivery, the product offering is extremely cost effective allowing it to fit nicely in the budget constraints of SMB, Education and "not for profit" opportunities.

The Yankee Group reports that the Internet Security and Email Filtering markets are projected to grow to $2.8B in 2008. Outsourcing of Email filtering and Anti Virus is estimated to be over $1B in 2008.

Safe Harbor Act Disclaimer: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.

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Contact Information

  • For more information, contact:

    QED Storage, Inc.
    Att:Investor Relations

    Phone: 603-881-3884
    Fax: 603-881-3705