TURBO, ANTIOQUIA, Colombia, Dec. 26, 2017 (GLOBE NEWSWIRE) -- Inca Worldwide (aka QED-Connect) (OTC-Pink:QEDN) wishes its shareholders, supporters, and product consumers a happy holiday season. 2017 has been a year of significant accomplishments, positioning us for an exceptional 2018. We want to thank our shareholders for their support as we review these milestones and anticipate the exciting new goals as 2018 begins.
1- QEDNs OTC status changed to current in January 2017
2- GMS (Green Mine Solutions; Inca Worldwide partner) has filed for two licenses: one for our Inca Snacks and one for our Sacha powder (under Colombian regulatory authority INVIMAhttps://www.invima.gov.co/. These licenses allow all Colombian grocers to sell Sacha Inchi and for Inca Worldwide to export the product outside Colombia. INVIMA follows the same protocol as its U.S. counterpartFDA. The similar standards help to ensure our products will be ready to enter U.S. markets, having the same safety protocols required by the FDA.
(https://www.invima.gov.co/comunicados-de-prensa/asuntos-internacionales/4273-invima-trabaja-con-la-fda-y-fsis-en-su-fortalecimiento,-la-adopci%C3%B3n-de-buenas-pr%C3%A1cticas-y-la-implementaci%C3%B3n-del-redise%C3%B1o.html)
The licenses will, therefore, jumpstart our contract with Daymon (beginning January 2018). Our Sacha-Powder has been accepted by INVIMA (we should receive our INVIMA number this week), and our Sachies (Inca Snacks) should be approved before the end of 2017.
3- Our research and development team developed the necessary process to remove the acid from Sacha Inchi, industrializing this process under FDA and INVIMA standards to bring the following products to the market in 2018:
- Sacha Snacks
- Sacha Milk (more nutritious than almond milk, containing significant amounts of Omega 3, 6, and 9 antioxidants)
- Sacha Cheese
- Sacha Bar
- Sacha Arequipe (a typical Colombian desert)
- Sacha Power
- Sacha Sauce
We will begin publishing many of these recipes online and on our YouTube channel for everyone to enjoy.
4- We have signed contracts with the following groups of farmers, securing enough production for our anticipated sales in 2018:
https://www.incaworldwide.com/blog
GMS gets three percent as a franchise fee for teaching each farmer how to grow Sacha Inchi and for all production of Sacha Inchi.
5- Audit of QEDN 2016 and 2017 financial statements will begin in January 2018 (Audit mistakenly reported earlier as
completing in January 2018)
6- All necessary steps to becoming fully reported company (following financial audit) will have been completed to change name from QED-Connect (QEDN) to Inca Worldwide (with appropriate stock symbol change).
7- QED-Connect has signed an agreement with Carden Capital to finance the required capital need to develop the equipment and bring product to the market and start our Daymon Contract and to deliver the pending orders. This finance will not be done under any debt conversion or any toxic finance.
8- New projections will be posted the first week of 2018.
Bringing a food product to market can take one to five years and between $100,000 and $1.5 million (USD) without counting on the supply of the raw materials. Inca Worldwide has two products ready to sell with five additional products in development. Once developed, Inca Worldwides product line will position it as the leader in Sacha Inchi products worldwide. Furthermore, Inca Worldwides goal is to control the production of Sacha Inchi in Colombia, working to become Colombias top substitution crop (replacing the illegal coca plants). Our determination is for Sacha Inchi to became the leading crop for all victims in Colombia so that farmers can return to their lands to plant successful, economically viable crops.
Merry Christmas and Happy New Year.
Kate Bahnsen
CEO of Inca Worldwide (QED Connect)
Contact information:
info@incaworldwide.com
About Inca Worldwide
Our Inca Seeds (Roasted Sacha Inchi) contain a complete protein with all nine essential amino acids, and they are rich in Omega 3, 6, and 9 antioxidantsa real Superfood!
www.incaworldwide.com
Caution Concerning Forward-Looking Statements:
Our public communications and SEC filings may contain "forward-looking statements" that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."
Forward-looking statements by their nature address matters that are, to various degrees, uncertain, such as statements about our announced plan to reduce the size of our financial-services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.
