SportsQuest, Inc. (OTC: SPQS) Announces Appointment Of New Management, Departure of Current CEO Jeff Burns Recovery of Common Shares

SportsQuest, Inc. (OTC: SPQS) Announces Appointment Of New Management, Departure of Current CEO Jeff Burns Recovery of Common SharesPress Release | 06/14/2022

Sports Quest (OTC:SPQS) www.sports-quest.co The Company is pleased to announce the change in management as it looks towards a new and exciting incoming operations.

1. The Company has accepted the resignation of Jefferey Burns . Please see OTC Filings for further details
2. Newly appointed advisor Ms. Kathryn Gavin has been appointed as an Interim CEO Gavin has extensive experience in the water packaging and the beverage industry. The board is of the opinion that her assistance in SPQS will help the Company scale new business models and will bring the Clearly Voda water brand up to speed.
3. By unanimous vote of the majority shareholders, the Company has terminated the services of Mike Giorgi as an independent advisor.
4. By unanimous vote of the majority shareholders, the Company is to repudiate itself from its Magnum First / Magnum Innovations smart energy device operations. The Company will attempt to recover or claw back its initial investments including common shares recovery as outlined in this elease.
5. The Company board through a unanimous vote of the majority shareholders will attempt on best effort basis to recover approximately 2,2 to 2.6 billion shares of the company common stock which was issued towards the Magnum (and its predecessors or affiliates) including other ventures over the years by the Company ex CEO Jeff Burns and or the previous SPQS board members, which produced very little or nil results. The Company intends to return these shares back to the treasury.
   

More details will follow on a timely basis.

About SportsQuest

SPQS operates a smart wireless devices sales & distribution from its New York location. SPQS resides at the center of the convergence of connected and smart building technologies. Our intelligent sensor technologies perform advanced computing functions at the edge level and yet can also integrate to larger, data analyzing platforms. Our customers benefit from having a scalable, flexible wireless solution that spans both HVAC and lighting and our OEM partners benefit from our wireless expertise and rapid design and development services The Company also operates a finance division from the Florida location and is exploring the opportunities in sports and entertainment sector.

SPQS Management

Contact info:

Twitter @SpqsOtc

Phone: [phone]

Email: [e-mail]

Web: https://sports-quest.co

Disclosure:

Information in this news release may contain statements about future expectations, plans, prospects or performance of SPQS that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SPQS caution you that any forward-looking information provided by or on behalf of SPQS are not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind SPQS actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SPQS control. In addition to those discussed in SPQS press releases, public filings, and statements by SPQS management, including, but not limited to, SPQS' estimate of the sufficiency of its existing capital resources, SPQS ability to raise additional capital to fund future operations, SPQS ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SPQS capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SPQS does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events