SOURCE: Quintessence Holdings Inc.

March 27, 2008 07:13 ET

Quintessence Holdings Inc. and Terminus Energy Corp. Enter Into Letter of Intent

TORRANCE, CA--(Marketwire - March 27, 2008) - Quintessence Holdings Inc. (PINKSHEETS: QUIN) -- Quintessence Holdings Inc. announced today the execution of a Letter of Intent with Terminus Energy Corporation ( to merge with Image Apparel Inc., its wholly owned subsidiary. The closing will be scheduled as soon as the due diligence can be completed. The merger agreement will be finalized on or before May 15, 2008.

Dan Pratte, President of Terminus Energy, had a vision of producing a mechanism that would better serve the needs of the energy suppliers through the four-year development of PRIMEGEN POWER PG-25. Terminus Energy plans to market and sell power units that are developed and will be ready for fourth quarter 2008 distribution. Mr. Pratte is developing a product that would solve the problems of Electric Energy Producing companies worldwide through the use of on-site fuel cell units that provide integrated grid tied distributed power.

Quintessence evaluated the PRIMEGEN POWER PG-25 and is pleased to be able to move into the energy future with the soon to be acquired Terminus Energy Corporation. The company is currently creating substantial and consistent value in the gas energy industry, by serving markets that are not as susceptible to economic downturns. Terminus Energy's well-formulated energy plan and a firm vision of future revenues will help drive Quintessence expansion into the Energy service market.

Quintessence stands on its commitment to bring innovations in Energy. This commitment shall be demonstrated by the introduction of the new acquisitions in the Energy Production industry. High profile Clean Energy source industry analysts project a major increase in demand of clean, efficient energy sources. This demand calls for products and innovations to meet the increasing needs of the electrical utility suppliers, and which are also compliant with mandates on energy conservation and efficiency and production of clean energy. Quintessence is pleased to be collaborating with Mr. Dan Pratte and Terminus Energy as part of its holdings.

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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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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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes and the effect of economic conditions.

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