LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of an established Pacific Northwest waste management equipment company, adding approximately $3.5 million in annual revenue and transforming the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The transaction, structured as an all-equity acquisition with no cash consideration, closed effective June 12, 2026.
Under the terms of the Stock Purchase Agreement, LifeQuest issued 3,338,290 shares of Series B Preferred Stock, each convertible into 100 shares of common stock and carrying 100 votes per share, along with an $85,000 unsecured promissory note bearing 6% interest and maturing in six months. The acquired business, comprising two Oregon corporations operating under common ownership, brings a multi-decade track record serving businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana.
“This acquisition is a transformational step for LifeQuest,” said Max Khan, Chief Executive Officer. “The Acquired Business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform. Combined with BioPipe’s global wastewater treatment technology, we are now uniquely positioned at the intersection of two of the world’s most urgent environmental challenges – clean water and sustainable waste management.”
The acquisition immediately adds meaningful revenue to LifeQuest’s consolidated results. For the fiscal year ended December 31, 2025, the acquired business generated combined revenues of approximately $3.5 million from equipment sales, service, rentals, installation, and preventive maintenance contracts. On a GAAP basis, the combined entities reported a net loss before income taxes of approximately $(4,400) for fiscal 2025, which includes two significant non-recurring, non-cash charges: a $94,200 inventory write-down and $121,000 in capital equipment expensed in the period. Excluding these items, normalized combined pre-tax income was approximately $211,000 (non-GAAP), demonstrating underlying earnings capacity.
As of December 31, 2025, the acquired business held $581,665 in deferred revenue from customer deposits for equipment orders and service contracts not yet fulfilled, providing revenue visibility for fiscal 2026. The business had total assets of approximately $1.9 million and total equity of approximately $927,000, with no long-term debt.
With this acquisition, LifeQuest World Corp. now operates through three wholly-owned subsidiaries: BioPipe Global Corp., a decentralized wastewater treatment company with 52 plants installed across 11 countries, and the two Oregon-based waste management equipment companies. BioPipe’s flagship technology, the Biopipe STP, is a patented biological treatment system that produces no sludge and requires no chemicals. More information is available at www.biopipe.co.
Management views the acquisition as the first step in a defined strategic roadmap. LifeQuest intends to engage a PCAOB-registered auditor for a full consolidated audit, file a Form S-1 or Form 10 with the SEC to become a fully registered reporting company, seek shareholder approval for a 1-for-40 reverse stock split, and apply for listing on the OTCQB Venture Market. OTCQB listing would expand investor visibility and market credibility.
“Our roadmap is clear, and this acquisition is the catalyst that makes it achievable,” said Khan. “The revenue foundation that the Acquired Business provides is essential for a credible SEC registration and OTCQB uplisting process.”
The acquisition creates a diversified environmental services platform addressing two critical global challenges: clean water access and sustainable waste management. The combined company serves a global water and wastewater treatment market estimated to reach over $211 billion by 2025, according to the World Bank, and a growing U.S. commercial waste management equipment market. Management believes the combination of global environmental technology and domestic operational revenue creates a resilient and scalable platform for long-term shareholder value.
