LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of an established Pacific Northwest waste management equipment company, adding approximately $3.5 million in annual revenue and transforming the company from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform.
The transaction, structured as an all-equity acquisition with no cash consideration, closed effective June 12, 2026. 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, comprising two Oregon corporations, provides equipment sales, rentals, service, and maintenance to customers across Oregon, Washington, Idaho, and Montana.
Max Khan, CEO of LifeQuest, 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." The acquisition follows LifeQuest's earlier ownership of BioPipe Global Corp., a decentralized wastewater treatment technology company.
Financially, the acquired business generated $3.5 million in revenue and a GAAP net loss of approximately $4,400 for fiscal 2025. Excluding non-recurring charges, normalized pre-tax income was approximately $211,000, demonstrating underlying earnings capacity. The business also held $581,665 in deferred revenue, providing visibility for 2026. As of December 31, 2025, total assets were $1.9 million with equity of $927,000 and no long-term debt.
The acquisition establishes LifeQuest with three subsidiaries: BioPipe Global Corp. and the two Oregon companies. BioPipe's patented biological wastewater treatment system has been installed in 52 plants across 11 countries, serving hospitals, hotels, and government facilities. More information is available at www.biopipe.co.
Management outlined a strategic roadmap following the acquisition: engage a PCAOB-registered auditor for a consolidated audit, file an SEC registration (Form S-1 or Form 10), seek shareholder approval for a 1-for-40 reverse stock split, and apply for OTCQB uplisting. "This acquisition is the catalyst that makes our roadmap achievable," Khan said.
LifeQuest World Corp. is headquartered in Ridgefield Park, New Jersey, and its common stock trades on the OTC Markets under the symbol LQWC. For more information, visit www.lifequestcorp.com.
