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QPRC
Quest Patent Research Corporation

Common Stock

0.17965

0.07855

77.70%

0.0812 / 0.1798 (35305 x 5000)

Real-Time Best Bid & Ask: 05:00pm 07/14/2025
Delayed (15 Min) Trade Data: 09:47am 07/14/2025
Quest Patent Research Corporation Company Logo

411 Theodore Fremd Ave.

Suite 206S

Rye, NY 10580-1411

Business Description
Quest Patent Research Corporation is a New York based Intellectual Property licensing and commercialization company. Quest acquires and manages IP rights from a variety of sources, including large and small corporations, universities and individual IP owners. Quest specializes in both mature and emerging technologies, delivering a suite of value add financial, strategic and legal resources to efficiently monetize IP throughout the entire commercialization lifecycle. Business Address
Financial Reporting
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
CIK
0000824416
Fiscal Year End
12/31
Company Officers & Contacts
Jon Scahill
CEO, CFO

Jon Scahill has been president and chief executive officer since January 2014, and a director since 2007. He was appointed secretary in April 2014. He also served as president and chief operating officer from May 2007 to December 2013. From December 2006 to May 2007, Mr. Scahill was founder and managing director of the Urban-Rigney Group, LLC, a private consultancy specializing in new business/new venture development, operations optimization, and strategic analysis. Prior to launching his consultancy business, Mr. Scahill held numerous positions in sales and marketing, technical management, and product development in the consumer products/flexible packaging arena. Mr. Scahill holds a B.S. in chemical engineering from the University of Rochester, a MBA from Rochester's Simon Graduate School of Business, and a JD from Pace University Law School. Mr. Scahill is a registered patent attorney admitted to practice in New York, Florida, the District of Columbia and before the United States Patent and Trademark Office.

Timothy Scahill
CTO

Timothy Scahill has been our chief technology officer since 2007. Mr. Scahill recently completed a merger and buyout of Managed Services Team LLC, an IT Managed Services provider. Prior to Managed Services Team, he was president of Layer 8 Group, Inc. from August 2005 to December 2012, at which time Layer 8 merged with Structured Technologies Inc. to form Managed Services Team LLC. In his roles he had taken the responsibility for business strategy, acquisition, execution, as well as financial management. His entrepreneurial acumen and proven record of successful management with sole discretionary responsibility, demonstrate the scope of his capability and his value to delivering results. He successfully completed his term on the boards of the Upstate New York Technology Council and Pariemus Rochester. Mr Scahill completed a six year term as Secretary, Executive Council and a Board of Directors seat for Habitat for Humanity. He has served as President of the Western New York chapter of The Entrepreneurs Organization and continues to serve on the board as Accelerator Chair. Mr Scahill is currently performing Cyber Intelligence, Security and Information Assurance work for an undisclosed organization.

Asher Levistky
Securities Counsel

Asher S. Levitsky is a corporate attorney who's practice relates primarily to business and corporate law. Mr. Levitsky has also provided legal services involving licensing agreements relating to intellectual property rights and distribution agreements. Prior to joining the Firm, Mr. Levitsky was of counsel at Sichenzia Ross Friedman Ference LLP from June 2006 until February 2011, and for more than 15 years prior to that Mr. Levitsky was of counsel at Katsky Korins. He graduated from Cornell University, B.A. 1965 and received his J.D. cum laude, order of the coif, from New York University School of Law in 1968. Mr. Levitsky is a member of the American Bar Association. Mr. Levitsky is admitted in New York, 1968 and to the U.S. Court of Appeals, Second Circuit, U.S. Court of Appeals, District of Columbia Circuit, U. S. District Court, Southern District of N.Y., U.S. District Court, Eastern District of N.Y. and the U.S. Court of International Trade.

Board of Directors
William Ryall Carroll
Independent Director

Dr. William Carroll is an Associate Professor in the Marketing department at St. John's University Tobin College of Business. Dr. Carroll has a Ph.D. from the City University of New York - Baruch College. His research focuses on consumer behavior and behavioral decision theory. Dr. Carroll's work has been published in top academic journals including the Journal of Advertising, Marketing Letters, as well in books such as Psycholinguistic Phenomena in Marketing Communications. In addition to his research Dr. Carroll has taught Marketing at the executive, graduate and undergraduate level across three continents: US, Europe and Asia. Prior to pursuing his academic career, Dr. Carroll held various marketing positions at NOP Worldwide Marketing Research Company and Ralston Purina Company. Dr. Carroll earned his MS in Marketing Research from the University of Texas in Arlington, and his BA in Economics from the University of Rochester.

Jon Scahill
CEO, CFO

Jon Scahill has been president and chief executive officer since January 2014, and a director since 2007. He was appointed secretary in April 2014. He also served as president and chief operating officer from May 2007 to December 2013. From December 2006 to May 2007, Mr. Scahill was founder and managing director of the Urban-Rigney Group, LLC, a private consultancy specializing in new business/new venture development, operations optimization, and strategic analysis. Prior to launching his consultancy business, Mr. Scahill held numerous positions in sales and marketing, technical management, and product development in the consumer products/flexible packaging arena. Mr. Scahill holds a B.S. in chemical engineering from the University of Rochester, a MBA from Rochester's Simon Graduate School of Business, and a JD from Pace University Law School. Mr. Scahill is a registered patent attorney admitted to practice in New York, Florida, the District of Columbia and before the United States Patent and Trademark Office.

Timothy Scahill

Timothy Scahill has been our chief technology officer since 2007. Mr. Scahill recently completed a merger and buyout of Managed Services Team LLC, an IT Managed Services provider. Prior to Managed Services Team, he was president of Layer 8 Group, Inc. from August 2005 to December 2012, at which time Layer 8 merged with Structured Technologies Inc. to form Managed Services Team LLC. In his roles he had taken the responsibility for business strategy, acquisition, execution, as well as financial management. His entrepreneurial acumen and proven record of successful management with sole discretionary responsibility, demonstrate the scope of his capability and his value to delivering results. He successfully completed his term on the boards of the Upstate New York Technology Council and Pariemus Rochester. Mr Scahill completed a six year term as Secretary, Executive Council and a Board of Directors seat for Habitat for Humanity. He has served as President of the Western New York chapter of The Entrepreneurs Organization and continues to serve on the board as Accelerator Chair. Mr Scahill is currently performing Cyber Intelligence, Security and Information Assurance work for an undisclosed organization.

Other Company Insiders
Michael Carper
Andrew Fitton
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Rosenberg Rich Baker Berman & Company

265 Davidson Avenue, Suite 210

Somerset, NJ 08873

Securities Counsel
Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas

New York, NY 10105

Profile Data
SIC - Industry Classification
5190 - Wholesale-Miscellaneous Nondurable Goods
Incorporation Information
DE, US, 1987
Employees
2 as of 01/01/2023
Shell
No
Products and Services

The Company's principal operations include the development, acquisition, licensing and enforcement of intellectual property rights that are either owned or controlled by the Company or one of its wholly owned subsidiaries.

Company Facilities

The Company does not own or lease any real property.

Company Notes
Formerly=Quest Products Corp. until 3-2016
Formerly=Phase-Out of America, Inc. until 1-98
OTCQB Venture Market Logo
Joined OTCQB 05/2021
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
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