SPORTS QUEST Announces Strategic Rocket Towards Chinese Cinema Technology Market

On February 27, 2024, SPORTS QUEST (OTC PINK:SPQS) announced a targeted merger with a Chinese company pioneering the field of AI in cinema, named China Cinema. This ambitious project was revealed in an official announcement on February 23, 2024, marking a significant milestone in the tech entertainment industry.

In addition to highlighting this strategic merger, the two companies collaborated to create a new investor relations site, enriching the resources available to SPORTS QUEST shareholders and followers. This development is the result of a successful due diligence process, paving the way for the advancement of merger negotiations in accordance with the laws governing such businesses between China and the United States.

The philosophy of this cross-border union is based on the formation of a special vehicle (SPV) facilitating the merger process. Immediate post-merger goals include significant management appointments and a corporate name change, better reflecting the future direction of the company. In addition, a return to SEC compliance is envisaged, underscoring the current management aspirations of SPQS.

A follow-up filing with OTC Markets, detailing China Cinema's technology expansion and franchising plans, is expected. These initiatives demonstrate the commitment to successful integration and transcendence in the field of technological entertainment.