LifeQuest World Corp. to Acquire Pacific Northwest Waste Management Firm in Strategic Expansion

LifeQuest World Corp. (OTCID: LQWC), an emerging leader in sustainable environmental technologies, has entered into a Letter of Intent to acquire 100% of the outstanding equity of a well-established solid waste management company based in the Pacific Northwest. The proposed transaction involves LifeQuest issuing 2,888,290 Series B Preferred Shares convertible into 288,829,000 shares of common stock and making a US$500,000 cash payment as consideration.

The acquisition represents a significant milestone in LifeQuest's growth strategy, combining nearly 50 years of leadership in the U.S. waste equipment market with LifeQuest's international wastewater treatment business. This strategic move aims to create a vertically integrated environmental solutions provider capable of addressing both wastewater and solid waste management needs across multiple markets.

The acquired company brings substantial operational assets to the partnership, including a customer base exceeding 3,000 accounts across Oregon, Washington, Idaho, and Montana. The company operates a growing trash and recycling chute installation division that has completed over $6.8 million in projects since 2020 and currently holds a signed contract pipeline of approximately $1.6 million. Combined unaudited revenue and EBITDA for the year ending 2024 were $3,034,000 and $220,000, respectively.

Notably, the acquisition includes exclusive regional distribution rights for an innovative aerobic food waste bio-digester, a cutting-edge technology that efficiently treats food waste on site. This technology aligns with LifeQuest's mission of developing sustainable environmental solutions and provides additional growth opportunities in the emerging food waste management sector.

The transaction complements LifeQuest's existing international footprint in wastewater treatment, which includes a qualified sale pipeline of approximately $28 million across Africa, the Philippines, and Southeast Asia. LifeQuest owns the world's first biological wastewater treatment system that treats sewage wastewater inside pipes without producing sludge or odor and without using continuously running pumps for aeration. These systems have been installed in multiple countries serving multifamily buildings, hospitals, hotels, municipalities, and industrial facilities.

Following the acquisition, Max Khan will continue in his role as President, CEO, and Director of LifeQuest, ensuring leadership continuity during the integration process. The acquisition provides LifeQuest with a strong foundation for expansion in the U.S. solid waste management market while introducing its wastewater treatment systems to new customer segments through the acquired company's established distribution network.

This strategic acquisition positions LifeQuest to capitalize on the growing demand for integrated environmental solutions as businesses and municipalities seek comprehensive waste management approaches that address both solid waste and wastewater challenges. The combination of technologies and market presence creates opportunities for cross-selling and operational synergies that could enhance the company's competitive position in the environmental technology sector.