LifeQuest World Corp. (OTCID: LQWC) announced today the completion of its acquisition of an established Pacific Northwest waste management equipment company, marking the company’s transition from a development-stage holding company into a revenue-generating, multi-subsidiary environmental services platform. The acquisition, which closed effective June 12, 2026, adds approximately $3.5 million in annual revenue and positions LifeQuest for a strategic roadmap including PCAOB audit, SEC registration, and OTCQB uplisting.
The acquired business, which operates two Oregon corporations under common ownership, serves businesses, institutions, and municipalities across Oregon, Washington, Idaho, and Montana. It brings a diversified revenue base from equipment sales and service, rentals, installation, preventive maintenance contracts, and specialty cleaning services. For the fiscal year ended December 31, 2025, the combined entities generated revenues of approximately $3.5 million and reported a net loss before income taxes of approximately $(4,400), which included non-recurring, non-cash charges of $94,200 for inventory write-down and $121,000 for capital equipment expensed. Excluding these items, normalized combined pre-tax income was approximately $211,000 (non-GAAP), demonstrating underlying earnings capacity.
The transaction was structured as an all-equity acquisition with no cash consideration. LifeQuest issued 3,338,290 shares of Series B Preferred Stock, each convertible into 100 common shares and carrying 100 votes per share, along with an $85,000 unsecured promissory note bearing 6% interest, maturing in six months. As of December 31, 2025, the acquired business held $581,665 in deferred revenue, providing revenue visibility for fiscal 2026. It had total assets of approximately $1.9 million and total equity of approximately $927,000, with no long-term debt.
LifeQuest now operates through three wholly-owned subsidiaries: BioPipe Global Corp., a decentralized wastewater treatment company with approximately 52 treatment plants across 11 countries, and the two Oregon-based waste management entities. This combination addresses two of the world’s most critical environmental challenges: clean water access and sustainable solid waste management. The global water and wastewater treatment market is estimated to reach over $211 billion by 2025, according to the World Bank, while the U.S. commercial waste management equipment market continues to grow alongside demand from commercial real estate, retail, hospitality, healthcare, and municipal sectors.
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. 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.”
Management outlined a clear strategic roadmap following the acquisition. 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. Subsequently, the company plans to call a special shareholder meeting to approve a 1-for-40 reverse stock split to meet the OTCQB minimum bid price requirements, followed by an application for listing on the OTCQB Venture Market. “The revenue foundation that the Acquired Business provides is essential for a credible SEC registration and OTCQB uplisting process,” Khan added. More information is available at lifequestcorp.com and biopipe.co.
