LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of an established Pacific Northwest waste management equipment company, a move that immediately transforms the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The transaction, structured as an all-equity deal, adds approximately $3.5 million in annual revenue and positions LifeQuest to pursue a defined strategic roadmap including a PCAOB audit, SEC registration, and eventual uplisting to the OTCQB Venture Market.
The acquired business, comprising two Oregon corporations operating under common ownership, provides commercial waste management equipment sales, rentals, service, and maintenance to customers across Oregon, Washington, Idaho, and Montana. Its diversified customer base includes national retailers, hospital networks, hotel brands, commercial real estate owners, school districts, and municipalities. With the closing, LifeQuest now operates three wholly-owned subsidiaries: BioPipe Global Corp., a decentralized wastewater treatment technology company, and the two entities of the acquired business.
“This acquisition is a transformational step for LifeQuest,” said Max Khan, Chief Executive Officer. “The Acquired Business brings immediate, established revenue, a loyal Pacific Northwest customer base, and a proven team to our platform. Combined with BioPipe’s global wastewater treatment technology, we are now uniquely positioned at the intersection of two of the world’s most urgent environmental challenges—clean water and sustainable waste management.”
Financially, the acquired business generated approximately $3.5 million in revenue for the fiscal year ended December 31, 2025, and reported a GAAP net loss before income taxes of roughly $4,400. However, management highlights that this loss includes two significant non-recurring, non-cash charges: a $94,200 inventory write-down and approximately $121,000 in capital equipment expenses. Excluding these items, normalized combined pre-tax income was approximately $211,000 on a non-GAAP basis. Additionally, the acquired business held $581,665 in deferred revenue as of year-end 2025, representing customer deposits for unfulfilled orders and service contracts, which management expects to recognize as revenue during fiscal 2026.
The acquisition was structured entirely with equity and a small promissory note, with no cash consideration 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 bearing 6% interest, maturing in six months. The acquired business had total assets of approximately $1.9 million and total equity of about $927,000 as of December 31, 2025, with no long-term debt.
LifeQuest’s strategic roadmap includes engaging a PCAOB-registered auditor for a consolidated audit, filing a Form S-1 or Form 10 with the SEC to become a fully registered reporting company, seeking shareholder approval for a 1-for-40 reverse stock split, and applying for listing on the OTCQB Venture Market. The reverse split is intended to bring the per-share trading price into compliance with OTCQB minimum bid requirements. “Our roadmap is clear, and this acquisition is the catalyst that makes it achievable,” Khan said. “The revenue foundation that the Acquired Business provides is essential for a credible SEC registration and OTCQB uplisting process.”
The combined company now addresses two critical environmental markets: decentralized wastewater treatment through BioPipe Global Corp., which has installed approximately 52 treatment plants across 11 countries, and commercial waste management equipment in the Pacific Northwest. More information is available at www.lifequestcorp.com and www.biopipe.co.
