NEW YORK, June 26 /PRNewswire-FirstCall/ -- Quest Patent Research Corporation (OTC:QPRC), formerly Quest Products Corporation, today announced significant changes in its management and business objectives, along with the launch of its new website: http://www.qprc.com/ . The company has changed its name to reflect its move from a manufacturing and sales organization to a patent asset management and licensing business. Quest also announced that the Board of Directors has named Jon Scahill as the President and Chief Operating Officer of the company. Mr. Scahill, who holds an engineering degree and a masters degree in business administration from the University of Rochester, comes to Quest from the Urban-Rigney Group, LLC, where he served as President and Chief Executive Officer. Mr. Scahill was also elected to Quest's Board of Directors. Mr. Scahill's skills as an engineer, combined with his management abilities and related experience, fit well with Quest's new focus on patent assets and technology management. "We believe intellectual property is the driving economic force of the 21st Century," stated Mr. Scahill. "It is our goal to build on Quest's already strong patent portfolio, which includes our multi-account credit card patent, and to actively seek licensing partners to generate long term royalty revenues for the company and, when necessary, to enforce our patents," stated Mr. Scahill. To assist in achieving these goals, Quest has entered into a consulting agreement with Forefront Advisors LLC, a company comprised of patent attorneys and technical experts specializing in the acquisition of patent rights and the licensing and enforcement of patent assets. Quest's offices are now located at East 75th Street, New York, New York. Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements in this release that are not historical facts are forward-looking and involve a number of risks and uncertainties, including but not limited to the company's limited operating history, uncertainties or market acceptance of products, uncertainties of new product development and other risks. Contact: Jon Scahill President & COO 888-743-7577 Ext. 82 http://www.qprc.com/ DATASOURCE: Quest Patent Research Corporation CONTACT: Jon Scahill, President & COO of Quest Patent Research Corporation, +1-888-743-7577 Ext. 82, Web site: http://www.qprc.com/

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