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PRESS RELEASE: Amerigo Energy, Inc.
AMERIGO ACQUIRES QUEST SOLUTION, INC.
HENDERSON, Nev. January 10, 2014 (GLOBE NEWSWIRE) -- via PRWEB -- Amerigo
Energy, Inc. "The Company" (OTCBB: AGOE), is pleased to announce the purchase
of Quest Solution, Inc. "Quest" which is a leading provider in the technology,
software, and mobile data collection systems business. www.QuestSolution.com
Kurt Thomet, Founder and President of Quest Solution, Inc. commented on the
acquisition, "We are excited for this next step in the future of the company
and equally excited to be a part of Amerigo."
George Zicman, Co-Owner and Vice President of Sales added "Structurally there
will be no changes to our Company and our more than 1,500 customers will still
receive the exceptional service they have received since 1994."
Quest achieved unaudited revenue of approximately $34 million for calendar year
2013, as of December 31, 2013, with approximately unaudited $8 million in
assets ($7.5 million of which are current assets). Quest has engaged Amerigo's
PCAOB auditor to complete the financial statement audits for the years ended
December 31, 2013 and 2012.
"The acquisition of Quest Solution furthers our strategy to acquire existing
revenue producing and cash flow positive companies." Griffith continued, "The
executive team at Quest is top notch and I'm excited about the future for the
Company."
The Company will be filing additional information, along with the purchase
documents in a Form 8-K with the Securities and Exchange Commission for all
shareholders within the coming days. The Company also noted there were no
shares issued for this acquisition.
ABOUT AMERIGO ENERGY, INC.
Amerigo has historically derived our revenues from various sources. Our
strategy has developed into leveraging management's relationships in the
business world for investments for the Company. The Company intends on
continuing with its acquisition and holding strategy of existing companies with
revenues and positive cash flow.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995 Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical facts
may be forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward- looking
information is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to, risk factors inherent
in doing business. Forward-looking statements may be identified by terms such
as "may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "forecasts," "potential,"
or "continue," or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. The company has no obligation to update these forward-looking
statements.
For more information please contact:
Jason Griffith
702-399-977
