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1. We are working with our legal counsel to remove the DTC “chill” that currently prevents our stock from being trading electronically. We believe that the measures we have put in place will help alleviate those concerns and give shareholders reassurance that there won’t be any changes over the rest of the year.
2. SportsQuest is currently finalizing its 3rd quarter financials. We plan to post these before November 15th, 2012.
3. The company has liquidated assets and issued stock in order to reduce its debt obligations.
4. The CEO has returned shares in order to facilitate the reduction of debt without reversing the stock or raising the authorized number of shares.
5. Since Mr. Burns has been CEO, SportsQuest has neither issued any shares for promotion nor paid for promotion of its stock in the last year or in its history.
6. OTC Markets currently reflects the correct share structure.
7. The company took a change of direction in June. Answers to questions regarding these changes are reflected in the posted quarterlies.
8. Our operating subsidiary is Zabo Foods. We are working to ramp up Zabo Foods.
9. Zabo Foods has a concentration of products promoting healthy eating. We recognize that there is currently a significant consumer push for foods with better nutritional content, and believe we are in place to capitalize with our healthy fruit and vegetable chips and Stevia sweetener products.
10. Zabo Foods has three product lines: Zabo Chips, Zabo Sauces, and Stevia.
11. Zabo Foods is currently revamping its website,
Zabo Home, to showcase our products and drive sales. We believe a live site will be in place in the upcoming week.
12. We are currently looking for financing to assist in the execution of all objectives.
13. The company has the mindset to acquire a sports-related subsidiary. This acquisition will synergize with Zabo Foods’ healthy lifestyle branding.
14. SportsQuest does not yet have a candidate in mind for this new subsidiary, and believes it is prudent that the company be in a better position overall before targeting any new acquisitions.
Mr. Jeffery Burns, CEO of SportsQuest, furthers: “SPQS has made major strides since June and we are now placing our full concentration on driving the business of Zabo Foods. We have been able to revisit some previous opportunities, and believe we can start capitalizing on them immediately.”
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