RIDGEFIELD PARK, NJ - 
(NewMediaWire) - June 18, 2024 - LIFEQUEST WORLD CORP (OTC MARKETS: LQWC) is focused on innovative,
decentralized, scalable wastewater treatment and reuse technologies. Through its
wholly owned subsidiary, Biopipe Global, the Company is concurrently pursuing both
industrial (ETP) and sewage wastewater treatment (STP) markets.
Max Khan, the CEO of Lifequest, stated that, “This is our first Biopipe STP order for a resort in Africa and will serve as a key reference site. Biopipe STPs are currently at two resorts in the Maldives. Our channel partner has been aggressively marketing Biopipe over the last twelve months and expects additional orders to come through from the various proposals that have already been submitted. We have received a 50% deposit and expect to ship the plant in the first week of July.”
Biopipe has recently completed the installation of the previously announced 200m3/day plant at Addis Ababa University in Ethiopia. We are currently waiting for sewage line to be connected so the plant can be commissioned. Although a demonstration plant has been successfully running at Ministry of Irrigation & Water, the Addis Ababa University plant will be our first commercial scale plant in Ethiopia. Our channel partner there has several proposals in the pipeline and expects orders to firm up upon successful commissioning of this plant. Our team was also able to train the local team on how to do future installations on their own with our guidance.
About LifeQuest & BioPipe
LifeQuest offers effluent treatment plants (ETP), sewage treatment plants (STP), fat oil and grease (FOG) separator and hybrid media for water polishing. BioPipe has developed a patented, 100% sludge-free, chemical-free, odor-free, silent, easy to assemble and install, scalable, low cost, ecological and low maintenance-free onsite sewage wastewater treatment system. The Abrimix ETP solution available through our joint venture is a highly efficient and cost-effective industrial wastewater treatment system that is vastly superior to Dissolved Air Floatation (DAF) and other onsite industrial wastewater treatment systems.
Contact: investor@lifequestcorp.com
Phone: 646-201-5242
This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “will,” “will be”, “anticipate,” “predict,” “expect,” “continue,” “future,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: political unrest in countries we operate in, Covid-19 pandemic related disruptions, shipping constraints, expatriation of invested capital, defaults, future revenues, expenditures, capital, the adequacy of the Company's current cash and working capital to fund present and planned operations, investments and the growth through joint ventures. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, can be found in our current Disclosure Statements at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
