LifeQuest World Corp. (OTCID: LQWC) announced 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 at closing, closed effective June 12, 2026.
The acquired business, operating through two Oregon corporations, provides commercial waste management equipment sales, rentals, service, and maintenance to customers across Oregon, Washington, Idaho, and Montana. Its addition to LifeQuest's portfolio creates a three-subsidiary holding company spanning commercial waste management, equipment rental, and decentralized wastewater treatment through BioPipe Global Corp. The combined enterprise now serves markets across the United States, Europe, Africa, Asia, and the Middle East.
Max Khan, Chief Executive Officer 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. 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.'
For the fiscal year ended December 31, 2025, the acquired business generated combined revenues of approximately $3.5 million from a diversified base of equipment sales, rentals, and service contracts. On a GAAP basis, it reported a net loss before income taxes of approximately $(4,400), but after excluding non-recurring non-cash charges, normalized combined pre-tax income was approximately $211,000, demonstrating underlying earnings capacity. The acquired business also held $581,665 in deferred revenue as of December 31, 2025, providing revenue visibility for 2026.
The transaction was completed through the issuance of 3,338,290 shares of LQWC Series B Preferred Stock, convertible into 100 shares of common stock each, and an $85,000 unsecured promissory note. The acquired business had total assets of approximately $1.9 million and equity of $927,000 with no long-term debt.
LifeQuest now outlines a strategic roadmap including a PCAOB audit, SEC registration via Form S-1 or Form 10, a proposed 1-for-40 reverse stock split, and an application for OTCQB uplisting. 'Our roadmap is clear, and this acquisition is the catalyst that makes it achievable,' said Khan. For more information, visit www.lifequestcorp.com and www.biopipe.co.
Forward-looking statements in this release involve risks and uncertainties. LifeQuest undertakes no obligation to update these statements. The non-GAAP normalized pre-tax income measure is presented for informational purposes only.
