SOURCE: Quintessence Holdings Inc.

June 12, 2008 08:23 ET

Quintessence Holdings Acquires Terminus Energy

TORRANCE, CA--(Marketwire - June 12, 2008) - Quintessence Holdings Inc. (PINKSHEETS: QUIN) is pleased to announce that they have closed on the merger between Terminus Energy Corporation ( and Image Apparel Inc., its wholly owned subsidiary.

Image Apparel has acquired 100% of Terminus Energy that will be headed by Dan Pratte. The surviving company will be "Terminus Energy Inc." Through a four-year development process, Mr. Pratte engineered "PRIMEGEN POWER PG-25." Terminus Energy plans to market and sell "PRIMEGEN PG-25 POWER" units that have been developed and are ready for distribution in the fourth quarter. Terminus Energy's products help solve the problems of the worldwide Electric Energy Producing Companies. This is done through point-of-use utility operated fuel cell units that seamlessly integrate grid parallel distributed electric power production capacity with the existing Utility Power infrastructure.

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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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