Quadrant 4 Systems Corporation (Q4) Approves Operational Reorganization to Capitalize on Additional Opportunities in Social M...
February 14 2013 - 12:00PM
Marketwired
Quadrant 4 Systems Corporation (OTCQB: QFOR) today announced The
Board of Directors of (Q4) has approved an internal operational
reorganization of the Company's assets and operations into four (4)
operating subsidiaries named Q4 Cloud; Q4 Solutions; Q4 Mobility
and Q4 Health, using descriptive names for the entities to describe
the primary focus of each entity. The Company intends to develop
branding identities for each entity. Corporate formations for each
entity are expected to be completed within the next 30 days.
Dhru Desai, Executive Chairman of the board, commented, "Over
last 12 months Q4 has been making significant bets on R&D in
developing proprietary platform technologies involving social,
mobile, big data analytics and cloud (SMAC). Heading into 2013 we
see the disruption from these four forces creating a huge market
opportunity for Q4 as provider of end-to-end solutions to main
stream IT buyers and enable them to efficiently adopt a SMAC
strategy. We are witnessing a significant adoption of SMAC
technologies among our enterprise clients across Q4's vertical
industry focus areas -- Healthcare, Retail, Financial Services and
Logistics -- and we are responding to a need in the market place to
provide a blend of implementation services and SaaS platform
involving SMAC. We believe our efforts to reorganize the business
along these lines will result into a more focused approach at
deploying Q4's proprietary solution."
"Based on this internal restructuring, the Company has
undertaken discussions with certain acquisition targets of assets,
business opportunities and operating companies to expand its
operations in each of the four market segments. It is anticipated
that at least two significant acquisitions in furtherance of this
business model will be announced within the next thirty (30)
days."
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corporation delivers end-to-end information
technology solutions to its clients through a unique blend of
product solutions, consulting, software development &
maintenance, cloud based products and technology from its global
delivery centers. The company currently focuses on the Healthcare,
Financial Services, IT Consulting, and Retail sectors. The company
plans to enhance it positions and technical strength through
acquisition of other IT enabled and managed services sector and
cloud based services through business acquisitions and/or
combination opportunities in the near future to further execute its
articulated business strategy.
Forward-Looking Statements This release
contains forward-looking statements which are subject to the
inherent uncertainties in predicting future results and conditions.
Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipate," "expects," "estimates," and similar expressions)
should be considered to be forward-looking statements, within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Exchange Act of 1934, as each is amended, for which the
Private Securities Litigation Reform Act of 1995 provides a safe
harbor. Certain factors (including but not limited to those risk
factors identified from time to time in our filings with the
Securities and Exchange Commission as well as changes in economic
conditions; outcome of negotiations; changes in the Company's
access to necessary capital; outcome of litigation; volatility of
capital markets; variability and timing of business opportunities;
changes in accounting policies and practices; the effects of
internal organizational changes; adverse state and federal
regulation and legislation; and the occurrence of extraordinary or
catastrophic events and terrorist acts; or other unforeseen changes
in circumstances) could cause actual results and conditions to
differ materially from those projected in such forward-looking
statements. We do not undertake any obligation to release publicly
revised or updated forward-looking information, and such
information included in this release is based on information
currently available and may not be reliable after this date.
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Investor Contact: Investor Relations Quadrant 4 Systems
Corporation (732) 798-3000 Email Contact