SOURCE: Techs Loanstar, Inc.

April 25, 2011 07:00 ET

Techs Loanstar Announces Plans to Acquire Healthcare Performance Measurement Business Q'uture Inc.

Company Is an Emerging Healthcare Knowledge Solution Company Developing a Standard in Measuring Clinical Performances

WEST PALM BEACH, FL--(Marketwire - Apr 25, 2011) - Techs Loanstar, Inc. (OTCQB: TCLN) (PINKSHEETS: TCLN) today announced plans to acquire Q'uture Inc. ("Q'uture"). Q'uture, a Nevada Corporation, based in Florida, is in the business of developing standards in measurement of clinical performance. The parties have executed a non-binding Letter of Intent ("LOI") and are moving toward the signing of a definitive agreement (the "Agreement") over the next sixty days. Pursuant to the terms of the LOI, Techs would acquire one hundred percent of the outstanding common stock of Q'uture. The Company will continue to trade under the stock ticker "TCLN" with Q'uture becoming a wholly owned subsidiary of the parent.

Closing of the transaction is subject to customary conditions including, among other things, the negotiation and execution of definitive agreements as well as the approval of both companies' board of directors and any necessary stockholder or regulatory approval, with an eventual name and ticker symbol change to follow.

Commenting on the potential merger/exchange, Landon Feazell, the CEO of Q'uture, stated: "As we build the corporation that we believe can become the international standard in measuring performance in healthcare, Q'uture is committed to working in front of the curtain for public accountability and transparency in both its finances and operations." Landon went on to add, "Future plans include accessing the capital markets as well as strategic acquisitions."

About Q'uture

Q'uture's mission statement is to become the Gold Standard in Health Care Performance Measurement. Q'uture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets. Industry experts agree that these performance measures are the "transformative tool" that reduce medical cost and improve quality of care. Q'uture's management team has 35 years of experience and a long history of working with many of the nation's leading healthcare institutions as a leader and innovator in measuring clinical performance. Q'uture plans include developing a revolutionary solution to effectively and efficiently measure clinical performance from multiple vendor databases.

About Techs Loanstar, Inc.

Techs Loanstar, Inc., a Nevada company, was initially organized to provide loan management service and software for the equity and payday loan industry. Upon completion of a Share Exchange Agreement in February 2010, Techs ceased all operations relating to its historical business and adopted the business plan of ZenZuu USA, Inc. ("ZZUSA"). ZZUSA was formed to acquire an exclusive license to use and operate in the United States, an online social database and advertising revenue-share model for the purpose of seeking a business opportunity in the online social network industry.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.

Contact Information

  • For Further Information Contact:
    Investor Relations
    Constellation Asset Advisors, Inc.
    Jens Dalsgaard
    +1 (415) 524-8500