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QE2 Acquisition Corp. Announces Execution Of Share Exchange Agreement With Distincttech Inc.

Posted by AGORACOM-JC at 1:39 PM on Friday, April 17th, 2015

CALGARY, ALBERTA / April 17, 2015 - QE2 Acquisition Corp. (TSXV:QE) (the “Corporation” or “QE2″) is pleased to announce that, further to its news release dated March 2, 2015, the Corporation has entered into a definitive share exchange agreement dated April 16, 2015 (the “Share Exchange Agreement”) with DistinctTech Inc. (“DistinctTech”), a corporation existing under the laws of the Province of Ontario, which outlines the general terms and conditions pursuant to which QE2 and DistinctTech would be willing to complete a transaction that will result in a reverse take-over of QE2 by the shareholders of DistinctTech (the “Transaction”). The Share Exchange Agreement was negotiated at arm’s length.

The Transaction is subject to requisite shareholder and regulatory approval, including the approval of the TSX Venture Exchange (the “TSXV”) and standard closing conditions, including the completion of due diligence investigations to the satisfaction of each of QE2 and DistinctTech, as well as the conditions described below.

QE2 is incorporated under the provisions of the Business Corporations Act (Alberta) with its registered and head office in Calgary Alberta. The primary objective of QE2 is the acquisition and growth of well-managed, profitable, asset-backed, Canadian-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. QE2 is a “reporting issuer” in the provinces of British Columbia and Alberta.

Since the Transaction will constitute a reverse take-over of QE2, QE2 is required to obtain shareholder approval for the Transaction. QE2 intends to hold a special meeting of shareholders to approve the Transaction and certain matters ancillary to the Transaction, including a name change.

Trading in the common shares of QE2 is halted at present. It is unlikely that the common shares of QE2 will resume trading until the Transaction is completed and approved by the TSXV.

Conditions to Transaction

Prior to completion of the Transaction (and as conditions of closing):

  • -QE2 and DistinctTech will obtain the requisite shareholder approvals for the Transaction and any ancillary matters contemplated in the Share Exchange Agreement.
  • -All requisite regulatory approvals relating to the Transaction, including, without limitation, TSXV approval, will have been obtained.
  • -QE2 shall have obtained the consents and waivers contemplated in the Share Exchange Agreement.
  • -There shall not be in force any order or decree restraining or enjoining the consummation of the transactions contemplated by the Share Exchange Agreement.
  • -None of the consents, orders, regulations or approvals contemplated in the Share Exchange Agreement shall contain terms or conditions or require undertakings or security deemed unsatisfactory or unacceptable by the parties to the Share Exchange Agreement.

The Proposed Transaction

Pre-Closing Capitalization of QE2

As of the date hereof, QE2 has 28,812,766 common shares (the “QE2 Shares”) issued and outstanding and securities exercisable or exchangeable for, or convertible into, or other rights to acquire, an aggregate of 7,246,792 QE2 Shares at exercise prices ranging from $0.20 per QE2 Share to $0.50 per QE2 Share.

Pre-Closing Capitalization of DistinctTech

As of the date hereof, DistinctTech has 151,000,000 common shares (the “DistinctTech Shares” issued and outstanding.

Terms of the Transaction

QE2 proposes to acquire all of the DistinctTech Shares in exchange for 151,000,00 QE2 Shares to be issued at a deemed price of $0.10 per QE2 Share for aggregate deemed consideration of $15,100,000, all pursuant to the Share Exchange Agreement. In addition to the acquisition of the DistinctTech Shares, all of the securities issuable pursuant to the DistinctTech Private Placement (as defined below) shall be exchanged on a one-for-one basis for QE2 securities.

About DistinctTech

DistinctTech is a design, engineering, construction, service and maintenance company working for the leading infrastructure and communications companies in Ontario. DistinctTech has worked on many projects across Canada, including in Western Canada, over the last seven years.

Information about the Control Person or Persons of DistinctTech and their Jurisdiction of Residence

The control persons of DistinctTech are Joe Lanni, residing in Etobicoke, Ontario and Alexander Agius, residing in Mississauga, Ontario.

Financial Information Concerning DistinctTech

The following is a summary of key audited financial information of DistinctTech for the fiscal years ended November 30, 2013, and November 30, 2014, prepared by management in accordance with IFRS standards.

Financial Statements for year ended November 30, 2013 (audited) Financial Statements for year ended November 30, 2014 (audited)
Revenue $18,834,269 $25,614,409
Net Comprehensive Income $1,563,657 $2,293,326
Total Assets $8,080,546 $21,613,583
Total Liabilities $5,991,361 $17,231,072
Working Capital $648,852 $2,250,893

Private Placements

DistinctTech Private Placement

Prior to the closing of the Transaction, DistinctTech intends to raise capital through a brokered private placement of up to 30,000,000 units (the “DistinctTech Units”) at a price of $0.10 per DistinctTech Unit for aggregate gross proceeds of up to $3,000,000 (the “DistinctTech Private Placement”). Each DistinctTech Unit shall be comprised of one (1) DistinctTech Share and one half of one (1/2) DistinctTech Warrant.

Each whole DistinctTech Warrant shall entitle the holder thereof to purchase one additional DistinctTech Share at an exercise price of $0.20 at any time up to 36 months from date of issuance. The DistinctTech Warrants will be subject to a forced conversion, at the option of the Resulting Issuer, if the Resulting Issuer Shares trade at or above $0.30 per share for a period of 20 non-consecutive trading days. The securities issuable pursuant to the DistinctTech Private Placement will be exchanged into QE2 Shares and QE2 Warrants as per the Exchange Ratio.

The DistinctTech Shares and DistinctTech Warrants will be subject to hold periods in accordance with the applicable securities laws.

The net proceeds of the DistinctTech Private Placement will be used for general operating purposes and future growth plan.

Additional information pertaining to the DistinctTech Private Placement including, information about the agent and its remuneration, will be provided at a later date as it becomes available.

QE2 Private Placement

Prior to the closing of the Transaction, QE2 intends to raise capital through a non-brokered private placement of a minimum of 500,000 and a maximum of 5,000,000 units of QE2 (“QE2 Units”) at a price of $0.10 per QE2 Unit for aggregate gross proceeds of a minimum of $50,000 and a maximum of $500,000 (the “QE2 Private Placement”). Each QE2 Unit shall be comprised of one (1) QE2 Share and one half of one (1/2) QE2 Warrant.

Each whole QE2 Warrant shall entitle the holder thereof to purchase one additional QE2 Share at an exercise price of $0.20 at any time up to 36 months from date of issuance. The QE2 Warrants will be subject to a forced conversion, at the option of QE2, if the QE2 Shares trade at or above $0.30 per share for a period of 20 non-consecutive trading days.

The proceeds of the QE2 Private Placement will be used for general operating purposes, working capital and paying the outstanding accounts payable. The QE2 Shares and QE2 Warrants will be subject to hold periods in accordance with applicable securities laws.

Insiders, Officers and Board of Directors of the Resulting Issuer

Upon completion of the Transaction, it is anticipated that the board of directors of the Resulting Issuer shall be comprised of: Alexander Agius, Joe Lanni, Michael Newman and two additional directors to be finalized prior to the close of the transaction which will be announced in a subsequent news release. It is anticipated that additional directors will be added to the board of directors of the Resulting Issuer. In addition, it is expected that the officers of the Resulting Issuer shall be Alexander Agius (Co-Chief Executive Officer), Joe Lanni (Co-Chief Executive Officer), Ian Hogg (Chief Operating Officer), Manny Bettencourt (Chief Financial Officer and Corporate Secretary) and Mihalis (Mike) Belantis (VP Business Development).

The following sets outs the names and backgrounds of all persons who are expected to be considered insiders of the Resulting Issuer.

Alexander Agius, Co-Chief Executive Officer and Director

Mr. Agius, is a seasoned infrastructure executive with over 25 years of industry experience. He began his career as a field tech fresh out of school. He rose to the level of VP Construction at Sentrex Communications a communications design company, where from 1988 to 2006 he oversaw Canadian operations and was involved in identifying and assessing US acquisitions. After leaving Sentrex he was responsible for creating, from 2006 to 2009, the telecom infrastructure group of Wesbell Group of Companies Inc., a professional services, logistics and investment recovery company. In 2009, Mr. Agius joined DistinctTech as co-Chief Executive Officer.

Joe Lanni, Co-Chief Executive Officer and Director

Mr. Lanni is an entrepreneur, having started his first business in his late teens and having founded and sold several businesses over the years. He has over twenty years of industry experience in general construction and utilities, and has served in several operational roles over the years. From 2006 until 2007, he was responsible for setting up the western Canadian operations of Wesbell Group of Companies Inc., a professional services, logistics and investment recovery company, and growing it to over 60 technicians in less than eighteen months. In 2007, Mr. Lanni was one of the original founders of DistinctTech and has helped guide it to its current level of success.

Michael Newman, Director

Michael Newman, 69, is the founder, and from 1997 to 2009 was the President & CEO of InterRent Real Estate Investment Trust (IIP.UN-TSX), a real estate investment trust that acquires and owns multi-residential properties. Prior to founding InterRent, Mr. Newman was for twenty five years an executive in the cable television and telecommunications industries in North America, having co-founded in 1972, CableTel Communications of Markham, Ontario, and served in a worldwide M&A capacity with Zenith Electronics of Chicago, Illinois from 1992 to 1997. He is the Managing Director of two family owned merchant banks, Boardwalk Capital Inc., and Adevam Investments Inc., and currently serves as the Chairman of the Board of Augustine Ventures Inc. (WAW-CNSX), and on the Boards of Directors of Quinsam Capital Inc., (QCA-CNSX), Leo Capital Corp. (LEQ.P-NEX), as well as being on the Advisory Boards of The Succession Fund, a private equity fund and AgriFood Capital Inc., a private equity advisor for food and agriculture in Canada. Mr. Newman is also a member of the Independent Review Committees (IRC) of Artemis US Capital Appreciation a TSXV listed Mutual Fund (AUF.UN-TSX), Citadel Income Fund (CTF.UN-TSX) and Energy Income Fund (ENI.UN-TSX). He is a partner in, and the CEO of KE Real Estate Holdings Inc., and 201004 Collier Holdings Inc., two private real estate companies. Over the past twenty years Mr. Newman has served on the Boards of Directors of numerous Toronto Stock Exchange and TSXV listed companies, often chairing a number of Board Committees.

Manny Bettencourt , Chief Financial Officer and Corporate Secretary

Mr. Bettencourt began his career at KPMG and is a graduate of the University of Toronto. Prior to becoming CFO for DistinctTech in 2014, Mr. Bettencourt was the CFO for First Global Data Ltd., from 2011 to 2014, a mobile, payments and remittance company, and had previously served from 2006 to 2012, as the COO and CTO of First Global Data Corp., the predecessor company. Mr. Bettencourt is a Chartered Accountant and has previously served as CFO and as a Senior Executive for a number of Canadian and US companies in the information, technology and telecommunications space. He served as CFO for Navaho Networks, an online payments company, was CFO at AT&T Solutions Canada, and was the Sr. Financial Officer of several other companies. In addition Mr. Bettencourt serves as a Director, and on the Audit Committee for First Global Data Ltd (TSXV) and has served as Chairman and a Director for several not for profit organizations.

Ian Hogg, Chief Operating Officer

Mr. Hogg began his business career in the early 1970’s in the securities industry and rose to run trading departments for two national firms in Canada and the United States. He moved to the Commercial Real Estate industry establishing the first branch office for the largest specialized broker in the country. In the late 1990’s he was asked to establish a public real estate company, TGS Properties Inc., based in western Canada and as president from 1998 to 2000, he grew it from $10 million in assets to over $150 million in 4 years. Mr. Hogg is currently the chairman and senior VP, investor relations for Imaginis Business Development.

Mihalis (Mike) Belantis, VP Business Development

Mr. Belantis has more than 15 years’ experience identifying opportunities, investing and consulting for companies in both the private and public sectors. Most recently, Mr. Belantis was a co-founder and Manager of Business Development for Otis Gold Corp., a company listed on the TSXV, from 2008 to 2010. Prior to that, he undertook corporate development work for Timmins Gold Corp., a company listed on the Toronto Stock Exchange, for three years. He has played a key role in developing the vision and implementing the initial foundation for many successful startups in some cases achieving market caps in excess of $300 million. As CEO of QE2, Mr. Belantis is involved in all aspects of QE2’s acquisitions, investments and new project initiatives.

Sponsorship

Sponsorship of a reverse take-over is required by the TSXV unless exempt in accordance with TSXV policies. QE2 is currently reviewing the requirements for sponsorship and may apply for an exemption from the sponsorship requirements pursuant to the policies of the TSXV, however, there is no assurance that QE2 will ultimately obtain this exemption. QE2 intends to include any additional information regarding sponsorship in a subsequent press release.

Additional Information

All information contained in this news release with respect to QE2 and DistinctTech was supplied by the parties respectively, for inclusion herein, and each party and its directors and officers have relied on the other party for any information concerning the other party.

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the RTO may not be accurate or complete and should not be relied upon. Trading in the securities of QE2 Acquisition Corp. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.

For further information please contact:

DistinctTech Inc.:Manny Bettencourt, Chief Financial Officer

Email: manny.bettencourt@distincttech.ca

Telephone: 416.897.7401

QE2 Acquisition Corp.:Mihali Belantis, CEO and Director

Email: mb@qe2corp.com

Telephone: 403.701.7299

Cautionary Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions, including statements regarding the terms and conditions of the Transaction, the Share Exchange Agreement, the QE2 and DistinctTech Private Placements, and the use of proceeds of the Private Placements. The information about DistinctTech contained in the press release has not been independently verified by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Transaction, the Share Exchange Agreement, the Private Placements and associated transactions, that the ultimate terms of the Transaction, the Share Exchange Agreement, the Private Placements, and associated transactions will differ from those that currently are contemplated, and that the Transaction, the Share Exchange Agreement, the Private Placements and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatoryauthorities). The terms and conditions of the Transaction may change based on the Corporation’s due diligence and the receipt of tax, corporate and securities law advice for both QE2 and DistinctTech. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, QE2, their securities, or their respective financial or operating results (as applicable).

The securities of QE2 and DistinctTech have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

QE2 Acquisition Corp. Announces LOI For Business Combination With Targetco

Posted by AGORACOM-JC at 11:55 AM on Monday, March 2nd, 2015

CALGARY, ALBERTA / March 2 2015 – QE2 Acquisition Corp. (“QE2″ or the “Corporation”) (TSX VENTURE: QE) is pleased to announce that it has entered into a letter of intent with a TargetCo (“TargetCo”) dated February 24, 2015 (the “Letter of Intent”), in respect of a proposed transaction pursuant to which TargetCo is expected to acquire QE2 by way of reverse takeover (the “Transaction”). It is currently anticipated that the Transaction will occur as a non-arm’s length share exchange whereby all the issued and outstanding shares of TargetCo will be exchanged for shares of QE2 resulting in TargetCo becoming a wholly-owned subsidiary of QE2, the final structure for the Transaction being subject to receipt of tax, corporate and securities law advice for both QE2 and TargetCo. Upon completion of the Transaction, the combined entity (the “Resulting Issuer”) will be renamed.

TargetCo was incorporated under the laws of the Province of Ontario and has a head office in Toronto, Ontario. TargetCo is a privately-owned design, engineering, construction, service and maintenance company working for leading communication and infrastructure companies in Ontario with over 35 years of industry and leadership experience. TargetCo has worked on many projects across Canada, including in Western Canada, however, it currently conducts the majority of its operations in Ontario.

The purchase price will be based on the most recent financial statements of both QE2 and TargetCo.

“This business combination complements QE2’s strategy of focusing on infrastructure and utility services industries across Canada,” states Mihalis Belantis, QE2’s CEO. “We are excited to partner with TargetCo and believe that the business combination will add value to all shareholders.”

QE2 and TargetCo will provide further details in respect of the Transaction including the share exchange ratio, the deemed transaction price, the summary of key financial information of TargetCo, the controlling shareholders of TargetCo, and background information of proposed directors and officers of the Resulting Issuer in due course once available by way of a subsequent press release.

The Transaction

Under the terms of the Letter of Intent, QE2 and TargetCo will negotiate and enter into a definitive agreement incorporating the principal terms of the contemplated Transaction set forth herein and, in addition, such other terms and provisions of a more detailed nature as the parties may agree upon. Subject to any Exchange, regulatory, shareholder, director or other approvals that may be required, the completion of satisfactory due diligence by QE2 and TargetCo, and the satisfaction of other conditions contained in the Letter of Intent, it is currently anticipated that the Transaction will occur as a reverse takeover of QE2 by TargetCo. On closing of the Transaction, all options currently held by the QE2 directors and officers will be exercisable pursuant to the terms of the Stock Option Plan and the Resulting Issuer intends to issue new options to the new directors and officers of the Resulting Issuer, the details of which will be disclosed when finalized.

Sponsorship of Transaction

Sponsorship of the Transaction is required by the TSX Venture Exchange (the “Exchange”) unless an exemption or waiver from this requirement can be obtained in accordance with the policies of the Exchange. The Corporation intends to apply for a waiver of the sponsorship requirement. There is no assurance that a waiver from this requirement will be obtained.

Management of the Resulting Issuer

It is currently contemplated that on completion of the Transaction, there will be up to five directors of the Resulting Issuer to be named prior to closing. It is also anticipated that the current officers of TargetCo will be the officers of the Resulting Issuer, with the details of the Chief Executive Officer, Chief Financial Officer and Corporate Secretary to be disclosed in a subsequent news release.

Trading Halt

The shares of QE2 are currently halted from trading, and the trading of the shares is expected to remain halted pending completion of the Transaction.

Additional Information

If and when a definitive agreement between the Corporation and TargetCo is executed, the Corporation will issue a subsequent press release in accordance with the policies of the Exchange containing the details of the definitive agreement and additional terms of the Transaction including consideration payable pursuant to the Transaction, information relating to sponsorship, summary financial information in respect of TargetCo, the controlling shareholders of TargetCo, and to the extent not contained in this press release, additional information with respect to the history of TargetCo and the proposed directors, officers, and insiders of the Resulting Issuer upon completion of the Transaction.

Completion of the Transaction is subject to a number of conditions including, but not limited to, the satisfaction of the Corporation and TargetCo in respect of the due diligence investigations to be undertaken by each party, the completion of a definitive agreement in respect of the Transaction, closing conditions customary to transactions of the nature of the Transaction, approvals of all regulatory bodies having jurisdiction in connection with the Transaction, Exchange acceptance and, if required by the Exchange policies, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approvals are obtained and there can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of QE2 should be considered highly speculative.

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Canadian-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration.

For further information please contact,

Mihalis Belantis

QE2 Acquisition Corp.,

Tel: (403) 478-0055

Fax: (403) 770-8468

Email: info@qe2corp.com.

Cautionary Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction including statements regarding the terms and conditions of the Transaction and the Letter of Intent. The information about TargetCo contained in the press release has not been independently verified by the Corporation. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Transaction and the LOI, that the ultimate terms of the Transaction, and the Letter of Intent will differ from those that currently are contemplated, and that the Transaction, and the Letter of Intent will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The terms and conditions of the Transaction may change based on the Corporation’s due diligence and the receipt of tax, corporate and securities law advice for both QE2 and TargetCo. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Corporation, TargetCo, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and associated transactions and neither of the foregoing entities has in any way approved or disapproved of the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

QE2 Acquisition Corp. Provides Corporate Update

Posted by AGORACOM-JC at 10:51 AM on Friday, January 16th, 2015

CALGARY, ALBERTA / January 16 2015 / QE2 Acquisition Corp. (“QE2″ or the “Corporation”) (TSX VENTURE:QE) is pleased to provide an update on the operational activities of the Corporation and announce the resignation of a member of the Board of Directors.

Corporate Update

Acquisitions

In 2014 QE2 completed its second acquisition, Candesto Enterprises Ltd. (“Candesto”), a Calgary based owner-operated leader in highway signage, guardrail installation products and services for a purchase price of approximately $2.68 Million. This was QE2’s second acquisition, the first being Pillar Contracting Ltd. (“Pillar”) which was acquired in late 2013 for a purchase price of $1.4 Million.

Pillar is an industry leader in specialized utilities services: maintenance of light post and street light standards, condition surveys, flagging and traffic management. Pillar’s customers primarily consist of municipalities and utility companies.

Both companies are established, have a history of profitability and proven management, we are very excited to have them under the QE2 corporate umbrella.

Financings and RTO (Reverse Takeover)

On November 4, 2014 QE2 commenced trading on the TSX Venture Exchange under the symbol QE. This was by way of Reverse Takeover (“RTO”) when QE2 acquired Crowsnest Acquisition Corp. (“Crowsnest”). At RTO closing, 21,912,766 shares of QE2 were exchanged on a one-for-one basis for shares of Crowsnest for a current outstanding share count of 28,812,766.

In addition, we completed a convertible debenture financing for gross proceeds of $1,298,000. Canaccord Genuity Corp. was the leading agent. The financing was completed in conjunction with the RTO. Canaccord acted as QE2’s exclusive financial advisor for the entire process and will continue to support QE2 moving forward.

2015 and Beyond

The current landscape of the Canadian junior capital markets has been very challenging. The TSX Venture Exchange is at all-time lows amidst plunging oil and commodity prices. Access to capital has been dire and challenging to say the least, but we believe capital is available to companies and management teams who show a solid business plan backed by companies with tangible assets, strong revenue streams and are profitable.

We believe our strategy of acquiring profitable infrastructure and utilities service companies is an approach the market will embrace as we show accretive value by buying companies between 2-3X EBITDA. Our first two acquisitions were purchased at 2.4X (Candesto) and 1.8X (Pillar) EBITDA, respectively.

Alberta in particular will provide ample opportunities in our target sector as the economy softens and capital dries up due to falling oil prices. However, management believes that infrastructure services companies will not be impacted nearly to the same degree as oil services companies, due to the fact that infrastructure companies are not directly tied to the energy sector. Our partner companies are well established entities doing business with cities, municipalities and construction companies throughout Alberta.

Our focus will be to continue targeting Alberta-based companies but also to expand our reach across Canada.

Management and Board of Directors

For most of 2014, QE2 was heavily involved in completing its RTO process which required a certain skill set from both the management team and the Board of Directors. As QE2 transitions back to acquisition and operations mode the company expects to make changes to better facilitate the objectives, for 2015 and beyond. At present QE2 is having discussions with several potential new Board members.

QE2 announces that for personal reasons Doug Bachman has tendered his resignation from the Board of Directors of QE2 effective January 13, 2015. However, Mr. Bachman will continue to be involved in an advisory capacity to the management and Board of Directors.

We are pleased that Mr. Bachman will remain with QE2 in an advisory capacity. He has been and will continue to provide value to QE2 going forward.

QE2 has been in the process of locating additional board members and will likely be announcing the appointment of an independent director in the near term.

Summary

QE2 is very excited about the future prospects for the company and the company will continue to prudently execute on its growth strategy, which will translate into strong returns for QE2 shareholders.

Mike Belantis

CEO and Director

QE2 Acquisition Corp.

About QE2 Acquisition Corp.:

QE2 is a forward thinking, Alberta-founded Corporation involved in the acquisition and growth of well-managed, profitable, asset-backed, Western Canada based businesses in the infrastructure and utility sectors. QE2’s growth strategy is a merger and acquisition program which leverages the synergies that can be achieved by vertical and horizontal integration.

For further information please contact,

Mike Belantis, CEO and Director

QE2 Acquisition Corp.,

Tel: (403) 478-0055

Fax: (403) 770-8468

Email: info@qe2corp.com

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

MEDIA: QE2 Acquisition is more than the sum of its parts

Posted by AGORACOM-JC at 12:48 PM on Thursday, January 8th, 2015

We’re happy to announce that QE2 Acquisition Corp. has been featured in the December 26, 2014 edition of Investors Digest of Canada. Click on image below to read article in its entirety.

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Why Invest in QE2 Acquisition Corp.?

 

  • Aggressive Growth by Acquisition
  • $100M 2018 Growth Objective
  • Experienced, Proven, Driven Management Team

 

  • Calgary founded firm that acquires, consolidates and grows well managed, profitable, asset backed, Alberta-based business in the Infrastructure and Utility Services sectors

  • Recruiting the best expertise in the industry to run day to day operations as well as drive strategic vision

Recent Highlights

  • Signed a letter of intent to acquire a privately-owned accredited electrical contractor located in the Edmonton area (Read Release)
  • Pillar Contracting Ltd. has successfully bid and been awarded a contract by the City Of Calgary to continue the installation phase of 1,000 new LED streetlight heads (Read Release).

Hub On AGORACOM

CLIENT FEATURE: QE2 Acquisition Corp. (QE: TSX-V) Revenue Generating Infrastructure Play Capitalizing on the Alberta Advantage

Posted by AGORACOM-JC at 4:11 PM on Wednesday, December 10th, 2014

Why Invest in QE2 Acquisition Corp.?

  • Aggressive Growth by Acquisition
  • $100M 2018 Growth Objective
  • $1.9M in 2013 Normalized EBITDA
  • Experienced, Proven, Driven Management Team

  • Calgary founded firm that acquires, consolidates and grows well managed, profitable, asset backed, Alberta-based businesse in the Infrastructure and Utility Services sectors

  • Recruiting the best expertise in the industry to run day to day operations as well as drive strategic vision

Recent Highlights

  • Signed a letter of intent to acquire a privately-owned accredited electrical contractor located in the Edmonton area (Read Release)
  • Pillar Contracting Ltd. has successfully bid and been awarded a contract by the City Of Calgary to continue the installation phase of 1,000 new LED streetlight heads (Read Release).

Company Portfolio

In April 2014, QE2 Acquisition Corp. completed the acquisition of key assets of Candesto Enterprises Inc.
 

CANDESTO ENTERPRISES LTD.

1450 Bearspaw Dam Rd NW, Calgary, AB T3L 0C3
p: 403-286-7922
About Candesto Enterprises Ltd.
Candesto is a leader in highway signage, guardrail installation services, and miscellaneous fencing with its services primarily engaged in the new construction of roads and highways. Candesto has operated for over 20 years and strategically concentrates its activities in southern Alberta, with the bulk of its customers acting as the project general contractor, working for 1 of the 4 levels of government.
 
Mihalis Belantis, CEO of QE2:
“This acquisition strengthens our portfolio and is aligned with QE2’s strategy: to buy and grow Alberta companies that keep Alberta growing.”
Chris Bokenfohr, GM of Candesto
“I’m excited that Candesto is now part of QE2, and I look forward to continuing to grow Candesto with the help and support of the QE2 team.”
Chris Bokenfohr, a civil engineer and owner of Candesto, will remain as General Manager of Candesto for 5 years and the existing staff is retained.
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – -
 
In October 2013, QE2 Acquisition Corp. completed the acquisition of Pillar Contracting Ltd.
 

PILLAR CONTRACTING LTD.
103A, 11129-83 Avenue, AB T8L 3T9
w: www.pillarltd.com
About Pillar Contracting Ltd.:
Pillar is an industry leader in specialized utilities services: maintenance of light post and street light standards, condition surveys including metal fatigue testing, flagging and traffic management. Pillar’s customers primarily consist of municipalities and utility companies. Pillar is an Alberta grown, cash flow positive business with a proven track record and a strong management team.

Mark Lacoursiere, Founder of Pillar Contracting Ltd.:
“QE2 believes in Alberta and the hardworking people that keep this province humming”, states Mark Lacoursiere. “QE2 shares my growth vision for Pillar and my belief in people and relationships. I am excited to see where Pillar will be over the next 3 years with the help of QE2. The future looks bright!”

Mihalis Belantis, CEO of QE2:
“We are proud to welcome Pillar into the QE2 family,” explains Mihalis Belantis. “Pillar’s founder, Mark Lacoursiere, and all Pillar employees are a testament to the entrepreneurial spirit, work ethic and desire to succeed that is so prevalent in Alberta!”

Company History

Albertans created QE2 Acquisition Corp. with the true Alberta spirit of determination, and the desire to create opportunity within the local economy through innovative vision and hard work.

It was an idea six years in the making, formed while living and working within the province’s rural towns and urban centers.The relationships that were forged during this period would eventually culminate to form QE2 – from influential finance professionals to research analysts, salespeople and marketers, to business owners and families.

QE2 is a company forged by a group of organized, motivated and extraordinary people with a vision to do extraordinary things.

 

 

Capitalizing On Alberta’s Growth

QE2 Acquisition Corp. Announces Resignation of Director

Posted by AGORACOM-JC at 4:40 PM on Tuesday, December 9th, 2014

CALGARY, ALBERTA / December 9th, 2014 / QE2 Acquisition Corp. (“QE2″ or the “Corporation”) (TSX VENTURE:QE) announces the resignation of Robb McNaughton, LLB, partner in law firm Borden Ladner Gervais LLP, Calgary, as a Director of the Corporation effective immediately.

Mike Belantis, QE2’s CEO, comments, “Robb was instrumental in helping QE2 complete the Qualifying Transaction with Crowsnest Acquisition Corp. and we sincerely thank him for that and wish him every success for the future. As QE2 continues to grow through its acquisitions program of infrastructure and utility service companies, it is going to be increasingly important that we strengthen our Board with operational and financial expertise and experience. We look forward to reporting our progress towards that goal in due course.”

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: info@qe2corp.com.

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

Globally, Infrastructure Investment in High Demand

Posted by AGORACOM-JC at 9:32 AM on Monday, December 8th, 2014

Calgary, Alberta / December 8, 2014 / Like veins and arteries in the human body, infrastructure is absolutely vital to a city. Infrastructure promotes commerce, facilitates exports and can be big business. Hedge funds, private equity and even sovereign wealth funds routinely invest in toll roads, bridges, utilities and port facilities around the globe. What’s the allure of such investments? Long-term, steady, recurring revenues. In many instances the growth in revenue is thought to be at about the rate of GDP in the region. In a world with unusually low interest and stock markets at all-time highs, the hunt for decent returns is on. Clearly, it makes sense to invest in fast-growing parts of the world, but to mitigate risk it also makes sense to invest in safe places.

The next best way to invest in infrastructure build outs and the maintenance of these assets, is to invest in companies that provide essential services to support and grow infrastructure needs. Attractive investments are not easy to come by. Investing in large, publicly-listed companies might give one the desired exposure, but large enterprises are typically tied to the volatility of the stock markets. Instead, smaller companies involved in the space have the distinct advantage of being able to grow rapidly through acquisitions. Acquisitions not only move the needle, but also diversify revenue streams and mitigate overall risk. Even better would be a small publicly-listed company that is actively rolling up private, “mom & pop shops” that can be acquired at very attractive valuations. One such company, one of the very few doing this in Alberta, is TSX Venture-listed QE2 Acquisition Corp. [TSXV:QE]. “QE2” refers to the north-south Alberta highway that connects its two largest cities: Calgary and Edmonton. Effectively, it’s the backbone that keeps Alberta moving. A company like QE2 should have low correlation to the overall stock markets as it pursues its roll-up strategy.

First Two Acquisitions

QE2 has already made two acquisitions; the first was Pillar Contracting in October, 2013. The primary services of portfolio company Pillar include; street light bulb replacement and post painting, safety testing for street light integrity, traffic lights maintenance and flagging services, among other things. Pillar had a 16 year history of success and growth prior to being acquired by QE2 and has its sights on continuing this trend. Importantly, the Founder of Pillar agreed to continue to operate the business – a common theme among QE2’s acquired portfolio companies. As part of QE2, Pillar has access to a strong customer base including major utility companies and municipalities in Alberta and Saskatchewan. Pillar offers QE2 possible expansion into the private sector with a focus on parking lots, transmission boxes, cable boxes and oversized loads. Therefore, like QE2’s other portfolio business and acquisitions to follow, low-risk, high visibility recurring revenue streams through service and maintenance are the key.

Candesto Enterprises was acquired in April, 2014. Primary services include, assembly and installation of highway signs, guardrails and miscellaneous fencing installations. Candesto had a successful operating history of over 20 years and the Founder is willing to stay on for another five years. Therefore, QE2 management expects consistent margins and operating performance from Candesto. Candesto’s customer base includes municipalities and general contractors.

These two acquisitions are examples of the private companies that make the grade: steady growth, solid margin companies on their own, but combined with other portfolio companies, ample opportunities for synergies. The client base of each acquired company instantly becomes customer targets for all of QE2’s portfolio companies. In a recent interview, CEO and Director Mr. Mihali (Mike) Belantis commented, “Our companies provide niche or speciality services to the municipalities and blue chips, meaning the likes of Epcor and Fortis. So QE2’s companies are not directly exposed to the cyclicality of the oil and gas sectors but instead to the infrastructure and utility investment by the province and secondary enterprise in Alberta. And our oil & gas exposure is further dampened by the fact that a significant portion of our revenue comes from maintenance work in addition to installation work.”

QE2 is an M&A expert and has a pipeline of future acquisitions that it believes could vault annual revenues from about $10 million to $100 million by 2018. For each deal they commit to, they pass on many others. Finding companies that are the right fit is what the management team specializes in, and this is a company with a top-tier management team by any measure. Growth in 2015 is expected to be robust with the acquisition of 2-3 new portfolio companies.

Why Alberta?

Earlier I mentioned that hedge and private equity funds can earn attractive returns by building infrastructure. A way in which they can boost equity returns is by employing debt. As a public company with strong financial backers, QE2 also has access to debt. QE2 uses a prudent mix of debt, cash on hand and QE2 shares (some of which go to the principals of the private companies) to make acquisitions. Over time, synergies could become an important growth and margin enhancer.

QE2 has a very well done and informative corporate presentation. According to its November slide deck, “Alberta is growing at the fastest rate of any province in Canada and has been the leader of economic growth for the past 20 years. Exceptional economic landscape is backed by aggressive government plans to continue building new infrastructure over the next decade. Projected infrastructure growth due to the economic growth and continued population expansion provides a fertile platform for business. Alberta’s economic expansion is expected to accelerate to 3.7% in 2014 after gaining momentum through 2013. Alberta’s robust outlook builds on an estimated 3.3% expansion in 2013, the fourth straight year above 3.0%, outperforming Canada and U.S. economic growth.”

As a recent example of Alberta’s commitment to growth, on November 10th Alberta and Ottawa signed a renewed, expanded deal to deliver $2.3 billion in gas tax funds to help municipalities build infrastructure. These funds are designed for important core civic infrastructure. The deal will deliver $208 million to Alberta this year and a total of $2.3 billion by 2024. Of course most Canadians already know that Alberta is a leader in investment, population growth, exports, GDP, housing, construction and employment growth. However, I should add that Alberta’s growth has been among the strongest of any region in North America.

Conclusion

Investing in infrastructure and utilities through hedge funds and private equity is out of the reach for most investors. A good way to get exposure to what the, “smart money” is doing is by investing in QE2 Acquisition Corp. As one of the first and most aggressive aggregators of solidly profitable Albertan private companies, investors get the best of both worlds- a strong underlying economy that supports growth and relatively low-risk businesses that taken together, make the whole less risky than the sum of the parts. Furthermore, I believe over time that QE2 should exhibit low correlation to the overall stock markets, a distinct advantage compared to larger less diversified peers. With a tight share structure of 28.5 million shares with and just over 15 million free trading shares at this time, QE2 is definitely a company worth looking closely at.

Please click on the following links for more information:

Corporate Homepage:

Bob Moriarty article November 24th.
Interview with CEO November 19th.

By Peter Epstein

Disclosure: Mr. Epstein owns shares of QE2 Acquisition Corp. This article and all articles written by Mr. Epstein does not represent investment advice and express his opinions only. Mr. Epstein is not a registered investment advisor. Readers should consult with their own investment advisors before considering buying or selling any securities mentioned in this article. The author has been retained by QE2 Acquisition Corp for consulting purposes.

CONTACT INFORMATION

QE2 Acquisition Corp.
Mihalis Belantis
CEO and Director
(403) 701-7299
mb@qe2corp.com

SOURCE: QE2 Acquisition Corp.

QE2 Acquisition Corp. Announces Award Of Streetlight Services Contract By City Of Calgary

Posted by AGORACOM-JC at 9:44 AM on Thursday, December 4th, 2014

CALGARY, ALBERTA / December 4th, 2014) / QE2 Acquisition Corp. (“QE2″ or the “Corporation”) (TSX VENTURE:QE) is pleased to announce that Pillar Contracting Ltd. (“Pillar”), a wholly owned operating subsidiary, has successfully bid and been awarded a contract by the City Of Calgary to continue the installation phase of 1,000 new LED streetlight heads in parts of the city.

Pillar is based in Fort Saskatchewan, Alberta, and became QE2’s first acquisition in October 2013. Pillar provides streetlight, electrical, equipment painting and traffic control services to a range of municipal and blue chip clients. Pillar has operated successfully for over 17 years with growth driven primarily by repeat customers and word of mouth. The City Of Calgary becomes Pillar’s newest municipal customer and represents the first successful bid for Pillar under QE2’s ownership. In order to service the contract, Pillar will make use of storage facilities and logistics at QE2’s second wholly owned operating subsidiary, Candesto Enterprises Ltd. (“Candesto”), which QE2 acquired in April 2014 and is based at Calgary.

Mark Lacoursiere, Pillar’s General Manager, states, “Becoming part of the QE2 portfolio has extended Pillar’s capabilities in terms our geographical footprint, access to capital and expertise to bid on work. We’re excited to provide Pillar’s specialist streetlight services to the City Of Calgary. There are over 80,000 streetlights in Calgary that could benefit from LED technology. Pillar has the expertise and capacity to change every one of them.”

The contract is expected to commence in early December and be completed on or around the middle of February 2015.

“The shift to LED technology will provide higher quality lighting for our roadways, while also reducing electricity usage and lowering maintenance costs,” said Troy McLoed, Director of Roads. “Calgary is a rapidly growing city, and this initiative will help us deliver cost-effective and sustainable infrastructure.”

For more information on The City of Calgary’s e2 Street Lighting Program, please visit Calgary.ca and search “LED lighting”. For media inquiries, contact The City of Calgary’s Transportation Department at 403-828-2954, or email TransportationMedia@calgary.ca.

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: info@qe2corp.com.

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

QE2 Acquisition Corp. Announces Letter Of Intent To Acquire Accredited Electrical Contractor In Edmonton, Alberta

Posted by AGORACOM-JC at 10:12 AM on Wednesday, December 3rd, 2014

CALGARY, ALBERTA / December 3rd, 2014 / QE2 Acquisition Corp. (“QE2” or the “Corporation”) (TSX VENTURE:QE) is pleased to announce that it has signed a letter of intent to acquire a privately-owned accredited electrical contractor (the “Acquisition Target”) located in the Edmonton area of Alberta (the “Transaction”). The purchase price will be based on the Acquisition Target’s most recent financial statements. The acquisition will be funded by cash. The specific terms of the Transaction will be disclosed in a separate news release to follow in due course.

For more than 30 years, the Acquisition Target has developed an electrical services business that serves the industrial and utility markets including a combination of blue chip and government clients. The Acquisition Target specializes in medium and high voltage installations, commissioning and start up in industrial plants, heavy industrial refineries and utility stations. This acquisition complements QE2’s current operating subsidiaries in terms of its geographical footprint, expertise and expands QE2’s customer base. As part of the transaction, the owner of the Acquisition Target has agreed to enter into a three-year consulting agreement with the company.

QE2 expects to complete the Transaction in or about January 2015. This completion will be subject to the negotiation of a definitive share purchase agreement, board and regulatory approvals, satisfactory due diligence, customary closing conditions and the closing of a brokered financing, the terms of which will be disclosed at a later date.

“This acquisition helps QE2’s emergence as a consolidator within the infrastructure and utility service industry in Alberta,” states Mihalis ‘Mike’ Belantis, QE2’s CEO. “The Acquisition Target is owner-operated with a strong management team and staff in place. It has worked successfully with our first acquisition, Pillar Contracting Ltd. (“Pillar”), on multiple projects. In addition, the Acquisition Target has relationships with several customers that we currently do not service and which will therefore allow us to expand our scope.”

“This acquisition is an example of QE2 implementing its horizontal and vertical integration strategy. We expect the Acquisition Target to share operations and key management with Pillar,” states Rob Harding, QE2’s CFO. “Alberta continues to outperform much of North America in terms of its year on year economic growth and there are multiple catalysts on the horizon to ensure that continues. Our current operating subsidiaries directly benefit from capital and maintenance spending on infrastructure and utilities. We are confident that the Acquisition Target offers similar potential, and will create immediate and accretive benefits for our business.”

About QE2 Acquisition Corp. (www.qe2corp.com):

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: info@qe2corp.com.

Cautionary Statements

Statements in this press release may contain forward-looking information including without limitation, statements pertaining to the closing of the Transaction and obtaining necessary approvals. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

INTERVIEW: QE2 Acquisition Corp. (QE: TSX-V) – Robust Growth Marks This Compelling Infrastructure Play

Posted by AGORACOM-JC at 9:51 AM on Monday, November 24th, 2014

QE: TSX-V

Robust Growth Marks This Compelling Infrastructure Play

Welcome to CEO Interviews a production of AGORACOM in which we speak to small cap CEOs and Executives about their companies.  With us today is Brent Buhler, VP Finance of QE2 Acquisition Corp.

  • Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors.
  • More than just lip service, QE2 reported revenues of ~ $2.3M for the quarter ended July 31
  • Growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration.

Hub On AGORACOM / Corporate Profile / Watch Interview Now!