SOURCE: QED Connect, Inc.

May 01, 2008 09:45 ET

QED Connect Announces First Quarter Results

Company Doubles Revenue From Fourth Quarter 2007 to First Quarter 2008

NASHUA, NH--(Marketwire - May 1, 2008) - QED Connect, Inc. (PINKSHEETS: QEDC), an innovative Software-as-a-Service (SaaS) provider for the information security market, today announced first quarter 2008 revenue of $140,000, doubling its revenue of $70,000 from the fourth quarter of 2007. The Company also increased its customer base by 67% in the first quarter from its year 2007 totals.

Commenting on the results, QED Connect's Chairman Tom Makmann said: "As we entered 2008, our goal was to continue building a strong customer base among our core markets of small to medium-sized businesses and educational organizations, through renewals as well as new contracts. The fact that we doubled our revenue from the previous quarter demonstrates that we achieved that goal, and the demand for our information security products remains solid. QED has recently announced customers in healthcare, manufacturing, automotive and distribution, demonstrating Omni Manager's applicability across many vertical segments. We are continuing to create potential revenue streams with new offerings such as IM Manager and QED Confidential, while enhancing our flagship SaaS, Omni Manager, to remain competitive."

QED is currently classified in the "Limited Information" category of the Pink Sheets Exchange and will continue its efforts to facilitate shareholder access to information.

Additional first quarter highlights include:

--  QED Connect's partnership with MessageLabs, a leading provider of
    integrated messaging and web security services to businesses worldwide, to
    offer MessageLabs hosted e-mail filtering services in the United States.
--  Omni Manager achieving Checkmark Certification from West Coast Labs,
    one of the world's leading independent testing facilities. This highly
    regarded accreditation program provides end users with confirmation of an
    information security product's effective functionality and performance.
--  The announcement of QED IM Manager, new instant messaging management
    software that solves regulatory problems for businesses and schools.
    

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 www.qedconnect.com.

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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