LifeQuest World Corp. (OTCID: LQWC) announced the completion of its acquisition of an established Pacific Northwest waste management equipment company, a transaction that transforms the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The acquisition, effective June 12, 2026, adds approximately $3.5 million in annual revenue and establishes a three-subsidiary holding company spanning commercial waste management, equipment rental, and decentralized wastewater treatment.
The transaction was structured as an all-equity acquisition, with no cash consideration required at closing. LifeQuest issued 3,338,290 shares of Series B Preferred Stock, each convertible into 100 shares of common stock, and an $85,000 unsecured promissory note. The acquired business, operating through two Oregon corporations, serves businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana with equipment sales, rentals, service, and maintenance.
For the fiscal year ended December 31, 2025, the acquired business generated combined revenues of approximately $3.5 million. On a GAAP basis, it reported a net loss before income taxes of approximately $4,400, but after excluding non-recurring non-cash charges of $94,200 for inventory write-down and $121,000 for expensed capital equipment, normalized pre-tax income was approximately $211,000 (non-GAAP). The acquired business also held $581,665 in deferred revenue as of year-end 2025, providing revenue visibility for 2026. Its balance sheet shows total assets of approximately $1.9 million and total equity of $927,000, with no long-term debt.
LifeQuest now operates through three wholly-owned subsidiaries: BioPipe Global Corp. and the two entities comprising the acquired business. BioPipe's patented biological wastewater treatment system produces no sludge and requires no chemicals, with installations in 11 countries. More information is available at www.biopipe.co.
Management outlined a strategic roadmap following the acquisition: engaging a PCAOB-registered auditor for a consolidated audit, filing a Form S-1 or Form 10 with the SEC to become a fully reporting company, seeking shareholder approval for a 1-for-40 reverse stock split, and applying for listing on the OTCQB Venture Market. CEO Max Khan stated, "This acquisition is a transformational step for LifeQuest. The acquired business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform."
Forward-looking statements in the release highlight risks including integration of the acquired business, retention of key personnel, and the timing and outcome of the SEC registration and OTCQB uplisting process. The company undertakes no obligation to update these statements. For more information, visit www.lifequestcorp.com.
