SOURCE: QED Connect, Inc.

August 08, 2008 18:50 ET

QED Connect Announces Completion of Reverse Stock Split and New Trading Symbol

NASHUA, NH--(Marketwire - August 8, 2008) - QED Connect, Inc. (PINKSHEETS: QEDC), an innovative Software-as-a-Service (SaaS) provider, announced today it has received approval from NASDAQ for a 1-for-8500 reverse split of the company's common stock, with a planned effective date of August 11, 2008. The company will also be designated with a new trading symbol. This action is the result of the recommendation of the advisory committee formed in May, and part of a long-term plan to improve shareholder value. The committee reviewed QED's business model, corporate structure, market position and financing before making its recommendation. The stock will be trading under the new symbol of QEDN (PINKSHEETS: QEDN) and CUSIP number of 74732Q201.

The reverse stock split affects all of the company's common stock, stock options and warrants outstanding immediately prior to the effective date of the reverse stock split. The reverse split will reduce QED Connect, Inc. common stock outstanding from approximately 2,414,999,820 shares to approximately 284,207 shares.

This marks another step forward in the company's previously announced plans to restructure its operations and strengthen its financial position in order to pursue its strategic goals. QED Connect is aligning the necessary resources to increase market share, expand sales channels and continue servicing the growing base of customers that rely on its award-winning Omni Manager solution to increase business productivity and employee efficiency.

A mandatory exchange is not required; however, current shares may be swapped for a new certificate with the new CUISP and symbol number through the transfer agent at the shareholders option. Contact Routh Stock Transfer by:

Agent:         Jason Freeman
Phone:         972-381-2782
Fax:           972-381-27831-2782
Web site:
Mail:          6860 N. Dallas Parkway, Ste 200
               Plano, TX 75024

About QED Connect, Inc.

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit

Safe Harbor Statement

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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