LifeQuest World Corp. (OTCID: LQWC) announced the completion of its acquisition of an established Pacific Northwest waste management equipment company, a transformative move that adds approximately $3.5 million in annual revenue and establishes a diversified environmental services platform. The all-equity transaction, closed effective June 12, 2026, transforms the company from a development-stage holding company into a revenue-generating, multi-subsidiary entity with operations spanning the United States, Europe, Africa, Asia, and the Middle East.
The acquired business, comprising two Oregon corporations operating under common ownership, serves businesses, institutions, and municipalities throughout Oregon, Washington, Idaho, and Montana. It provides a comprehensive suite of products and services across the full lifecycle of solid waste handling equipment, including sales, service, monthly and long-term rentals, installation, preventive maintenance, and specialty cleaning. The addition of this business creates a three-subsidiary holding company that also includes BioPipe Global Corp., LifeQuest’s decentralized wastewater treatment subsidiary.
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 as consideration. No cash was required at closing, reflecting a capital-efficient growth model. Max Khan, CEO of LifeQuest, will serve as CEO of both acquired entities.
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, which included non-recurring, non-cash charges of about $94,200 for inventory write-down and $121,000 for expensed capital equipment. Excluding these items, normalized pre-tax income was approximately $211,000, demonstrating underlying earnings capacity. As of December 31, 2025, the business held $581,665 in deferred revenue, providing revenue visibility for 2026. Total assets were approximately $1.9 million with total equity of about $927,000 and no long-term debt.
Management views this acquisition as a catalyst for a defined strategic roadmap. LifeQuest intends to engage a PCAOB-registered auditor for a full consolidated audit, then file a Form S-1 or Form 10 with the SEC to become a fully registered reporting company. Following SEC registration, the company plans to seek shareholder approval for a 1-for-40 reverse stock split to meet OTCQB minimum bid price requirements, and subsequently apply for listing on the OTCQB Venture Market. These steps aim to enhance transparency, investor confidence, and market credibility.
More information about LifeQuest World Corp. is available at www.lifequestcorp.com and about BioPipe at www.biopipe.co.
