NQL May Sell Tech Unit if Finances Don’t Rise

NQL Inc., an Internet networking and consulting services company, said Wednesday that it must consider the sale of its technology unit should it not be able to improve the division’s financial condition.

The Santa Ana company said in a press release that it must improve the unit’s cash position, establish a “significant” alliance or original equipment manufacturer arrangement, or generate sufficient revenue to support the unit’s operation.

NQL also said that it has expanded its search for additional capital and said it will continue to consider debt financing opportunities.