Source: Green County Online 5/5/2006

EcoQuest Founder Sells Stock to Investment Group

Michael Jackson, founder and principal owner of EcoQuest International, the Greeneville-based manufacturer and marketer, has announced the sale of an undisclosed amount of stock to four investors organized as Air Partners Investment Group.

Jackson said in a press release, "Air Partners is an investment group consisting mostly of current board members and other EcoQuest shareholders."

As a result of the sale, Jackson will continue to be the single largest shareholder and will continue to serve as the company's chairman of the board.

However, Jackson acknowledged in an interview Thursday that he no longer owns a majority of the stock of EcoQuest, which is a privately held company.

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