SOURCE: Quintessence Holdings Inc.

March 11, 2008 08:13 ET

Quintessence Holdings Inc. Announces New Direction

TORRANCE, CA--(Marketwire - March 11, 2008) - Quintessence Holdings Inc. (PINKSHEETS: QUIN) Board of Directors and management announced today a substantial increase of its current holdings in their continuing efforts to bring substantial value to shareholders. Quintessence will soon complete the acquisitions of several subsidiary companies as additional holdings. The new holdings to be announced in the near future will introduce opportunities for investors and shareholders in the Air and Ground Transportation industries as well as the very lucrative world of Commercial Energy Production and Clean Energy Saving related products.

Quintessence evaluated the sometimes-overlooked opportunities presented by the Transportation industry. It is pleased to be able to move into the future with the soon to be acquired transportation ventures. The companies are currently creating substantial consistent value in the transportation industry by serving markets that are not as susceptible to economic downturns, and by a well-formulated expansion plan have a firm vision of enhanced future revenues.

Quintessence stands on its commitment to bring to bear innovations in Energy. This commitment shall be demonstrated by the introduction of the new acquisition 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 offering soon such a company as part of its holdings.

Quintessence is currently entertaining additional management to accommodate the expected growth with the soon to be acquired holdings and also is planning release of a new website at www.quintessencehld.com by mid April with information as to the future Quintessence subsidiary companies.

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. acquisition model and has 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.

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.

The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

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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