SOURCE: Quintessence Holdings Inc.

September 16, 2008 08:23 ET

Quintessence Holdings Corp. Selects Dan Pratte as New CEO

TORRANCE, CA--(Marketwire - September 16, 2008) - Quintessence Holdings Corp.(PINKSHEETS: QUIN) - Quintessence Holdings Corporation announced today that they have selected Dan Pratte to serve as their new Chief Executive Officer. Mr. Pratte is also president and CEO of Quintessence Holdings Corporation's wholly owned subsidiary, Terminus Energy Corporation and a current Quintessence director.

Joseph Pittera, president of Quintessence Holdings Corp. commented, "Commensurate with our strategy to solidify Quintessence's move into the energy sector, the selection of Mr. Pratte as our Chief Executive Officer is an important milestone in our business execution timeline. Dan's investor-owned utility background and successful energy sector business development expertise greatly enhances the strength of our program."

The new Quintessence CEO stated, "This is an extremely exciting time for our company. Our expertise in, and unique access to energy sector opportunities provides our company with the tools it needs for tremendous growth. We will aggressively push forward on this path and continually add companies with high growth potential to our portfolio. I look forward to working with this great Quintessence team as we push forward to greater and greater success."

About Quintessence Holdings Inc.

Quintessence Holdings Inc. specializes in acquiring businesses in dynamic areas. Utilizing a unique acquisition model, Quintessence Holdings Inc. provides companies an opportunity to gain access to U.S. capital markets. In exchange, Quintessence Holdings Inc. retains a significant percentage of each target company, creating a diversified, growth oriented investment base that should enjoy a steady, long-term increase. Each target company reviewed for acquisition must meet specific criteria detailed in Quintessence Holdings Inc.'s acquisition model and have proven commercial track records. Management is confident that it should deliver consistent, continued growth and be successful in increasing shareholder value through accurate and meticulous due diligence.

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This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

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