SOURCE: Quantum Energy Inc

November 29, 2016 08:00 ET

Quantum Energy, Inc. Receives Two Year Audit Report

Engages Securities Attorney to Prepare S1 Filing

TEMPE, AZ--(Marketwired - Nov 29, 2016) - Quantum Energy, Inc. (OTC PINK: QEGY), a diversified energy holding company, is pleased to announce that PCAOB auditors, AMC Auditing LLC (formerly Seale and Beers CPA) has completed and delivered the two year audited financial statements report for the fiscal year end 2015 and 2016.

Pursuant to an existing engagement letter, the two year audit report has been delivered to the law firm of Brunson, Chandler and Jones PLLC to be submitted with an S1 filing to the Securities and Exchange Commission at the earliest practical completion of the drafting process. 

"Quantum looks forward to becoming a fully reporting company and up-listing accordingly, said Chairman and CEO Stan Wilson. This is a significant corporate event and a major landmark for the company. The opportunity to raise new capital that an S1 filing presents should help spur our refinery development and E&P efforts", Wilson said.

Quantum continues its Bakken refinery development projects with ongoing permitting efforts in North Dakota and an increased emphasis with real progress on a 40,000 bpd proposed project in the Stoughton area of Saskatchewan, Canada. 

About Quantum Energy, Inc.

QUANTUM ENERGY, INC. is a development stage, publicly traded, diversified holding company. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution and has entered into a Strategic Alliance with Bilfinger Westcon (www.westconindustries.com) to develop multiple Energy Centers that include a 40,000 barrel per day full scale refinery within the Bakken. www.quantum-e.com

Safe Harbor Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

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