SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) May 7, 2014
Amerigo Energy, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 000-09047 | 20-3454263 |
| (State or Other Jurisdiction | (Commission | (IRS Employer |
| of Incorporation) | File Number) | Identification No.) |
| 2580 Anthem Village Dr., Henderson, NV | 89052 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: 702-399-9777
(Former name or former address, if changed since last report.)
Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS
On May 21, 2014, the Company discussed the Form 10-Q that was filed as well as highlights from the quarterly period. A copy of the announcement is included as an exhibit.
ITEM 8.01 OTHER EVENTS
On May 7, 2014, the Company announced the pending name change from Amerigo Energy, Inc. to Quest Solution, Inc. A copy of the announcement is included as an exhibit.
On May 13, 2014, the Company announced its wholly owned subsidiary Quest Solution, Inc. was named to Motorola Solutions' Empower Circle. A copy of the announcement is included as an exhibit.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
| 16.1 Copy of press release filed May 7, 2014 |
| 16.2 Copy of press release filed May 13, 2014 |
| 16.3 Copy of press release filed May 19, 2014 |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 22, 2014
Amerigo Energy, Inc
By: /s/ Jason F. Griffith, CPA
Jason F. Griffith, CPA
Chief Executive Officer
3
Amerigo Energy, Inc. Announces Name Change to Quest Solution, Inc.
Company files for name and symbol change
HENDERSON, Nev., May 7, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Amerigo Energy, Inc. (OTCQB: AGOE), "The Company," is pleased to announce that earlier this week it filed the documents necessary with the Securities and Exchange Commission to start the process of a change of its name to Quest Solution, Inc.
The Company has filed a Form PRE-14-C with the Securities and Exchange Commission (“SEC”) and will be requesting a new trading symbol with FINRA upon clearance by the SEC. As previously announced, the company is working with its independent auditor for review of the financial statements, to be included in the upcoming Form 10-Q to be filed before the 1st Quarter deadline.
“Amerigo Energy was focused on multiple revenue streams but given the continual growth of the Quest Solution subsidiary it makes sense for us to make this change and to focus on what we believe is the most lucrative opportunity for the Company and its shareholders,” said Jason Griffith, Chief Executive Officer, Amerigo Energy. “Our corporate strategy will continue with our acquiring and nurturing companies with revenues and positive cash flow with a specific emphasis in the technology space where we can leverage our experience, intellectual capital and related resources.”
For more information visit www.QuestSolution.com
About the Company
Quest Solution (formerly known as Amerigo Energy, Inc.) has historically derived our revenues from various sources. Our strategy has developed into leveraging management's relationships in the business world for investments for the Company. The Company intends on continuing with its acquisition and holding strategy of existing companies with revenues and positive cash flow.
Through its wholly owned subsidiary, Quest Solution is a leading provider in the technology, software, and mobile data collection systems business.
Quest Solution is a national mobility systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references. Motorola, Intermec, Honeywell, Panasonic, AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest Solution uses in our systems.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward- looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Amerigo Energy, Inc.
Jason Griffith
info@amerigoenergy.com
702-399-9777
Amerigo Energy's Wholly Owned Subsidiary Quest Solution Named to Motorola Solutions' Empower Circle
Award recognizes Platinum Partner for outstanding performance
HENDERSON, Nev. May 13, 2014 (GLOBE NEWSWIRE) -- via PRWEB -- Amerigo Energy, Inc. "The Company" (OTCBB: AGOE), announced its wholly owned subsidiary Quest Solution has been named a Motorola Solutions’ Empower Circle Winner for 2013. This prestigious honor recognizes select Motorola channel partners and distributors for outstanding performance.
KEY FACTS
·
A Motorola Solutions’ Platinum Partner since 2011, Quest Solution was one of only 100 companies around the globe selected for Empower Circle recognition.
·
Empower Circle honorees successfully achieved a key performance benchmark in 2013, such as the highest percentage revenue growth over plan, the greatest year-over-year revenue growth or the highest percentage growth within a peer group.
·
Winners also were recognized for their Customer Excellence performance and focus on expansion products and/or vertical markets.
According to Mark Kroh, Vice President of North America Channels, Motorola Solutions, “Motorola Solutions’ Empower Circle awards recognize our best channel partners in 2013 for their dedication and performance. Their ability to focus on selling solutions, penetrate emerging verticals and drive our expansion portfolio has contributed to their success in being a trusted advisor with our mutual customers.”
George Zicman, Vice President of Sales for Quest Solution added, “Quest Solution is proud to be the recipient of this prestigious award. We will continue our commitment to excellence by delivering the best in innovative end-to-end solutions. We are looking towards a rewarding future with planned expansions in wireless, RFID and voice solutions. We highly value our relationship with Motorola Solutions and look forward to our future combined success.”
More information on Motorola Solutions’ Partner Empower Program can be found at http://www.motorolasolutions.com/partner
Quest is a leading provider in the technology, software, and mobile data collection systems business. For more information www.QuestSolution.com
About the Company.
Amerigo Energy, Inc. has historically derived our revenues from various sources. Our strategy has developed into leveraging management's relationships in the business world for investments for the Company. The Company intends on continuing with its acquisition and holding strategy of existing companies with revenues and positive cash flow.
Through its wholly owned subsidiary, Quest Solution is a leading provider in the technology, software, and mobile data collection systems business.
Quest Solution is a national mobility systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward- looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For more information please contact:
Jason Griffith
702-399-9777
Amerigo Energy, Inc. Reports Q1 Financials
Record Sales Reported Through Quest Solution, Inc. Subsidiary
HENDERSON, NV. May 19, 2014 (GLOBE NEWSWIRE) -- via PRWEB -- Amerigo Energy, Inc. "The Company" (OTCBB: AGOE), is pleased to announce financial results for the quarter ending March 31, 2014. The full 10-Q filing is available on the SEC's website: http://www.sec.gov
It should be noted the Company’s name and symbol change are pending FINRA approval as the PRE14C and DEF14C have been filed with the Securities and Exchange Commission.
Key financial results of operations for the quarter ended March 31, 2014 are summarized herein:
·
Revenue for the 3 months ended March 31, 2014 was $9,650,265, whereas for the same period in 2013, the Company’s wholly owned subsidiary Quest Solution had revenues of $5,844,221. Revenues increased approximately $3,806,044 or 65% due to increased sales from all of our divisions, along with increasing our sales efforts by adding a dedicated Solution and Services Director;
·
Gross margin for the company was approximately 21% for the 3 months ended March 31, 2014, which is in line with the 2013 gross margin for the same period of 22.65%;
·
Net income for the period was reported at $246,419, which included non-cash expenses of $347,261 related to expenses paid in 2013 for an insurance policy covering the company through November 2014, as well as the costs associated with the acquisition of Quest Solution of approximately $36,888, and the one-time losses related to canceling the previous license agreement with Le Flav Spirits of $93,578 as well as a $18,995 one-time write off from the same importer.
“We are pleased to release financials which demonstrate significant growth in our critical areas while maintaining what we feel is a highly desirable gross margin,” stated Kurt Thomet, President of Quest Solution, Inc. “It should be noted that the primary force behind the numbers is the company’s wholly owned subsidiary Quest Solution. Quest has been a true performer in what we view as a rich vertical and today’s numbers validate our purpose and intent to exploit this market opportunity.”
Milestones from the period include:
·
Acquisition of Quest Solution, Inc.
·
Quest Solution signs new $2 million contract with a nationwide specialty retailer
·
Quest Solution being recognized by Motorola Solutions Empower Circle
“The sales increase reflects an aggressive sales effort during the fiscal year ended December 31, 2013,” added George Zicman, Vice President of Sales. “The success we’ve enjoyed thus far and the increase in our sales force gives us sufficient reason for optimism in the quarters ahead and we are optimistic about continued success in our identified markets.”
Quest is a leading provider in the technology, software, and mobile data collection systems business. For more information www.QuestSolution.com
About the Amerigo Energy.
Amerigo Energy, Inc. has historically derived our revenues from various sources. Our strategy has developed into leveraging management's relationships in the business world for investments for the Company. The Company intends on continuing with its acquisition and holding strategy of existing companies with revenues and positive cash flow.
Through its wholly owned subsidiary, Quest Solution is a leading provider in the technology, software, and mobile data collection systems business.
Quest Solution is a national mobility systems integrator with a focus on design, delivery, deployment and support of fully integrated mobile solutions. The Company takes a consultative approach by offering end to end solutions that include hardware, software, communications and full lifecycle management services. The highly tenured team of professionals simplifies the integration process and delivers proven problem solving solutions backed by numerous customer references.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Amerigo Energy, Inc. and Quest Solution's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Amerigo Energy, Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include statements regarding growth in our parts and vehicle sales and increases in our ability to produce new products. For a more detailed description of the risk factors and uncertainties affecting Amerigo Energy or Quest Solution, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. Amerigo Energy and Quest Solution undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information please contact:
Jason Griffith
702-399-9777