Start Scientific, Inc. (OTCPK:STSC) (STSC) signed a binding letter of intent to acquire Quality Energy Solutions, LLC (QES) for $2.9 million on April 9, 2015. Start Scientific, Inc. will issue 45 million shares as consideration. QES will operate as a wholly-owned subsidiary of Start Scientific. QES reported revenues of $7 million for the year 2014. STSC will grant QES owners two positions on its Board. The Board of Directors of Start Scientific approved the transaction. The deal is subject to signing of a definitive agreement, completion of due diligence, employment agreements and an audit of QES and is expected to close by May 1, 2015.

Start Scientific, Inc. (OTCPK:STSC) (STSC) cancelled the acquisition of Quality Energy Solutions, LLC (QES) on September 11, 2015. The transaction was terminated because certain conditions outlined in the letter of intent were not met prior to the expiration.