Saturday, March 20, 2010

The QuestNet Scam: A Case of Mistaken Identity

It has come to our attention that a Nevada, USA based company known as GoldQuest International Corp, which has been classified as a “ponzi and pyramid scheme” by the US Securities & Exchange Commission (SEC) and the Alberta SEC (Canada) is sometimes mistaken for QuestNet Ltd, an established 11 year old Asian based company (formerly known as GoldQuest). We hereby state that there is no connection between our company and this Nevada based company.

Some of you may be aware that QuestNet was formerly known as GoldQuest at the time of its inception in 1998, and when in 2003 it diversified and expanded into a wide range of products and services, we conducted a business re-structure into becoming QuestNet entirely. GoldQuest as a business brand name ceased to exist as of 2003. We have not been known as or have conducted any business as, GoldQuest since 2003. Crucially, QuestNet or GoldQuest have never ever been incorporated in the USA for any such association to be made or even considered.

Any association being drawn to us with their business is false and is a direct case in point of wholly mistaken identity.

QuestNet is also not in the investment or trading of securities business, and has no such dealings. We hope this helps clear any misconception that has been created, and this clarification directly shows our willingness to deal with the issue openly in clearing our name from any such wrongful association.

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