MANCHESTER, N.H., April 28, 2010 (GLOBE NEWSWIRE) -- QED Connect Inc. ("QED Connect") (Pink Sheets:QEDN), a New York corporation, today announced that Nazz Productions, Inc., ("Nazz Productions"), has licensed all international distribution rights in Nick Stagliano's suspense thriller, "Good Day For It," to Curb Entertainment. QED Connect recently signed a definitive agreement to purchase Nazz Productions.
"Good Day For It," written by Stagliano and James Canfield Wolf, is a modern day western set over the course of one day. It is reminiscent of "High Noon" and "A History of Violence." The film, which stars Academy Award nominee Hal Holbrook, Robert Patrick, Lance Henriksen, Robert Englund, Kathy Baker, Samantha Mathis, Mika Boorem, Joe Flanigan, Christian Kane and Richard Brake, is currently in post-production.
Mr. Stagliano, President of Nazz Productions, stated, "I am extremely excited to be working with Curb Entertainment and with Carole Curb, who has over 20 years' experience in the international film distribution business. We have received indications of interest from multiple distributors in connection with the promo reel alone. Ms. Curb showed the most enthusiasm as well as a very aggressive sales plan, which she began at the recent Berlin Film Market. Nazz Productions expects to generate sales commencing in the 2nd quarter of this year."
Mr. Makmann, CEO of QED Connect, commented that he was very pleased with the progress of Nazz Productions and that the acquisition of Nazz Productions should be completed in the next several weeks. Additionally, Mr. Makmann stated that the acquisition of ProRemote Solutions, announced on January 29, 2010, has been cancelled.
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation that makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential and which QED can assist with achieving their plans and realizing their maximum potential. QED maintains the goals of portfolio expansion and entry into various markets segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value.
About Nazz Productions, Inc.
Nazz is an independent producer and distributor of film and television entertainment content. The Company focuses on producing artistic films that emphasize complex storylines and character development while curtailing overall production costs associated with feature film cinematography. Nazz intends to establish both national and international channels for distribution of films to both theaters and on television and to establish an entertainment library. It is expected that post-release distribution of the content of such a library will generate recurring revenues by distributing film directly to retailers, the expanding online distribution network, and television. The Company is currently in post-production on its latest film Good Day For It, starring Academy Award nominee Hal Holbrook, Robert Patrick, Lance Henriksen, Robert Englund, Kathy Baker, Samantha Mathis, Mika Boorem, Joe Flanigan, Christian Kane and Richard Brake. Past films include The 24th Day, starring Scott Speedman and James Marsden as well as The Florentine, which was a co-production along with Francis Ford Coppola's American Zoetrope.
Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) complete the acquisition of Nazz Productions, Inc., (iii) build the management and human resources and infrastructure necessary to support the growth of its business; (iv) competitive factors and developments beyond the Company's control; and (v) other risk factors.