Techs Loanstar, Inc. (TCLN) shares skyrocket on potential acquisition of health-care company

Posted on: Monday, April 25th, 2011
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Techs Loanstar, Inc. (Pink Sheets: TCLN) leapfrogged in price Monday by 145.5% to 27-100ths of a cent, after announcing new acquisition plans. Volume for the stock totaled 10.4 million shares.

The company, located out of West Palm Beach, Florida, said it was buying Q’uture Inc, also Florida based, primarily focuses on developing standards in measurement of clinical performance. The parties have executed a non-binding Letter of Intent (LOI) and are moving toward the signing of a definitive agreement over the next 60 days.

Pursuant to the terms of the LOI, Techs would acquire 100% of the outstanding common stock of Q’uture. The Company will continue to trade under the stock ticker TCLN, with Q’uture becoming a wholly-owned subsidiary of the parent company.

Commenting on the potential merger/exchange, Q-uture CEO Landon Feazell said, “As we build the corporation that we believe can become the international standard in measuring performance in healthcare, Q’uture is committed to working in front of the curtain for public accountability and transparency in both its finances and operations.”

Landon concluded, “Future plans include accessing the capital markets as well as strategic acquisitions.” Techs Loanstar management was not available for comment.

Q’uture’s mission statement is to become the Gold Standard in Health Care Performance Measurement. Q’uture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets.

Techs Loanstar, Inc. was initially organized to provide loan management service and software for the equity and payday loan industry.

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Category: Healthcare, Penny Stocks, Pink Sheets
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