SportsQuest operates iefranchise.com, a web portal that lists franchise opportunities for prospective franchise buyers. The portal aggregates over 350 franchise listings sourced through an agreement with Business Alliance Inc. The intended business model has two revenue streams: franchisors pay to list opportunities on the portal, and SportsQuest earns a fee per qualified lead delivered to franchisors, either on a per-transaction or subscription basis. To date, neither stream has generated any revenue. SportsQuest has gone through several transformations since its founding in 1986, originally operating in ground transportation, then pivoting to sports event management before reorienting again in 2021 to its current franchise portal business. The company funds its operations almost entirely through small convertible notes — over 45 since 2022, typically ranging from $1,500 to $20,000 each — from lenders sharing the same address as the company, suggesting the business is sustained by related-party financing rather than commercial activity. SportsQuest holds a going concern qualification from its auditor, trades on the OTC Pink market under the ticker SPQS, and has over 4 billion common shares outstanding.