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NEWS: QIND Appoints New Independent Registered Public Accounting Firm and Provides Update
SAN FRANCISCO, CA / ACCESSWIRE / August 20, 2024 / Quality Industrial Corp. (OTC PINK:QIND) is an Industrial company servicing the Oil & Gas and Utility sectors.
The company is pleased to announce that on August 19, 2024, its board of directors approved and ratified the appointment of Bush and Associates CPA ("Bush and Associates") as its independent registered public accounting firm. Bush and Associates will review QIND's consolidated financial statements for the period ending June 30, 2024. They will also audit the company's consolidated financial statements for the fiscal year ending December 31, 2024. Bush and Associates replace Pipara and Co LLP ("Pipara") as QIND's independent auditor.
On May 23, 2024, QIND issued a press release to announce that it had entered into a binding term sheet with Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis") for Actelis to acquire 61% to 75% of the issued and outstanding shares of the Company, subject to customary terms for closing. On August 16, 2024, the Parties agreed to extend the non-solicitation and no-shop periods provided in the term sheet until August 30, 2024, unless mutually terminated earlier by the Parties. The Parties continue to work towards the completion of the transaction in the soonest possible timeframe. There can be no assurance that the proposed transaction will be consummated.
About Bush and Associates CPA:
Bush & Associates is a premier, PCAOB-registered public accounting firm specializing in providing high-quality audit and assurance services to the oil and gas industry. With a strong focus on NASDAQ-listed clients, Bush & Associates brings a wealth of experience and expertise to the table. As a boutique firm, they pride themselves on their commitment to audit quality and a hands-on approach, ensuring personalized attention to each client's unique needs. Their team of seasoned professionals combines deep industry knowledge with cutting-edge audit methodologies to deliver exceptional value to their clients. Bush & Associates' dedication to excellence and their specialized focus make them an ideal partner for companies seeking rigorous financial oversight and strategic insights.
About Quality Industrial Corp:
Quality Industrial Corp. (OTC PINK:QIND) is a Manufacturer and Service Provider for the Industrial, Oil and Gas, as well as the Utility sectors. It is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. The company also provides LPG cylinder distribution and bulk gas supply solutions. It serves commercial buildings, mixed-use apartment complexes, shopping complexes, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and restaurants. The company was formerly known as Wikisoft Corp. and changed its name to Quality Industrial Corp. in August 2022. The company is headquartered in San Francisco, California.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect the Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
$QIND 10-Q Filed: https://sec.gov/ix?doc=/Archives/edgar/data/1393781/000121390024070699/ea0211248-10q_quality.htm The new independent registered public accounting firm will review this Form 10-Q and upon the completion of its review, the Company will file the requisite amendment to this Report.
Doubt the filings will be late. They've never been late before on anything LOL
QIND, ILUS and SAML financials (10Q) are due today. the financials may have been a necessary filing prior to the merger deal.
August 16th is here Should find out soon! $QIND
Where’s the beef ? One might assume the price go up around a time when that clown shows us his knowledge. Only it go down ? Wheres the party ?
If either party didn't want the deal to go forward, they would have known by now and would have ended it. They haven't, which likely means it will get done. Why the extension? probably to hammer out the final details or for lawyers to do their thing.
Thanks for posting, AA. Although very frustrating, an extension is better than nothing. But, come on, JP and Nick......close a deal.
There was an ASNS filing extending the agreement for 2 weeks to August 16. https://www.sec.gov/ix?doc=/Archives/edgar/data/1141284/000121390024064857/ea021053801-8k_actelis.htm
we should get an announcement well before the 2 weeks pass.
What do you mean "before the 2 weeks pass"? Even though you think it will be sooner, are you suggesting that it's possible that an announcement might not be made for as long as another 2 weeks? If that's what you mean, you certainly are giving them a lot of rope. Unless there was a signed extension, the deal may have fallen apart at midnight. Shareholders certainly are due an explanation.....quick.
I still believe they are in the home stretch of a deal. In fact, I bet they have it "done" and they are just waiting on the lawyers to give it their ok. If so, we should get an announcement well before the 2 weeks pass.
If they were going to extend again, they would have by now. (They did the extension early last time). If they were going to abandon the deal, they would have known and would have issued an 8k. The only other possibility is that they are in the home stretch of a deal. So, I like our chances at a deal, even if it takes until Monday to find out.
Agin, we're approaching the end of the market day. Not a word from JP regarding the completion of the deal. It would appear to me that if all was fine and dandy, it would have been announced by now. You've always been so positive. What are your thoughts now? Another delay? It sure would be nice if JP and Nick could finally close a deal that would actually add to shareholder value.....as they always tell us, but never happens.
the risk is in whether they come through. I agree. Because if they do, it really is easy money. We should know soon.
Agin, I sure hope you're correct. I like your optimism. However, JP and Nick aren't exactly known as "deal closers". So, of course, there's not a bunch of talk about "easy money" on this board. I'd love to see these guys come through during the next couple of days.
QIND is about to announce a merger deal with a NASADAQ stock and this board has zero posts in the last week. Hard to believe. Aug 2 is Friday. They will sign before then. They gave themselves a short extension because they knew they only needed a short amount of time. Seems like easy money to me.
NEWS: $QIND Operating Company, Al Shola Gas, Receives Over $1 Million in New Orders Since The Start of July 2024 https://accesswire.com/891591/qind-operating-company-al-shola-gas-receives-over-1-million-in-new-orders-since-the-start-of-july-2024 #QIND an ILUS subsidiary.
$QIND Operating Company, Al Shola Gas, Receives Over $1 Million in New Orders Since The Start of July 2024 https://t.co/9EoVbtTl9L $ILUS
— Quality Industrial Corp. (@QualityIndCorp) July 23, 2024
Great assessment. Things will turn around soon. $QIND
NEWS: $QIND Operating Company, Al Shola Gas, Receives Over $1 Million in New Orders Since The Start of July 2024 https://accesswire.com/891591/qind-operating-company-al-shola-gas-receives-over-1-million-in-new-orders-since-the-start-of-july-2024 $ILUS
Exactly just a pile of doo doo 💩
Monkey see monkey take a doo doo
Obviously no one cares what you think. Waste of a board? Yet you keep appearing. Can you provide us proof of your income vs Nick Links ?
I think the reverse merger deal with QIND will give the ASNS stock a good long term future. I expect it will help in the short term, but I can't say for certain. QIND has other acquisitions lined up that should really boost the revenues.
Yes they her felonious son Shaneal ( who names their boy shaneal?) pumped the stock as hard as he could on webull and reddit getting retail to go in hard and fast. They called the company a scam and sold out from underneath us all tanking the stock friday afternoon when prices were up CTB was 500% , ASNS was on Reg SHO shares had not been returned in 5 days , 0 days to cover on a friday… hmmm my complaint gets filed with the SEC on monday.
This reverse merger is gonna tank my ASNS holdings isn’t it. That why the recently price manipulation of ASNS attempting to trap retail so they wont sell?
$QIND & $ASNS Transaction Update: The parties signed an Amendment to the Binding Term Sheet, extending the non-solicitation & no-shop periods through to the end of August 2, 2024, unless otherwise mutually terminated. All other terms remain unchanged & in full force & effect.
— Quality Industrial Corp. (@QualityIndCorp) July 19, 2024
I like listening to bears when they have thoughtful ideas. But when they bash companies or posters without anything useful to say, I use the mute button on them.
$QIND is closing in on its deal with ASNS. This will be the 2nd step towards them becoming a big board stock. The 8k should have the valuation of QIND that was used in the deal according to JP. That ought to reset the stock value partially.
HAHAHAHA!!!!YOU MAKE ME LAUGH PETEEYE! THAT BF THE MOST ICONIC COOLER
This Guy belows absolute garbage -BLOWS it, literally NOTHING he’s said has ever happened!
$QIND is on track to complete the merger deal with $ASNS. If it had fallen apart they would have had to issue an 8k within a few days. They haven't so, it is on. If they don't finish by 60 days (July 22), I'm sure we will get an update from the company. The reset in value for QIND isn't far off.
You have offered nothing substantive in your posts.
These guys couldn’t manage a toilet in a virtual office
Ignore the morons
What a worthless post.
All his money went up in smoke on Finra fees ,
Poof now it gone
Smokey
$QIND 0.074 +19.35% HOD .0785 Thin on ASK.
$QIND Stock Overview https://www.otcmarkets.com/stock/QIND/overview
With all the good news you’d think this garbage would move it ain’t. F ya
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @ QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
ACCESSWIRE / January 11, 2024 / Samsara Luggage, Inc. (OTCQB:SAML) was formerly a manufacturer and distributor of luggage and following a change in business direction, the company is now a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety sector. This change in business direction follows the acquisition of the majority stake in SAML by Ilustrato Pictures International Inc. (OTC: ILUS).
As per the Form 8-K filed by SAML on January 9, 2024, the company confirmed that ILUS acquired a convertible note from YAII PN, LTD with outstanding principal and accrued interest of $600,684.93. On January 5, 2024, ILUS converted the note into 150,753,425 shares of SAML common stock. As a result of the conversion, as of January 5, 2024, ILUS acquired control of 91.5% of the outstanding shares in SAML.
SAML confirms that its existing luggage business will be spun out and ILUS intends to merge in several of its existing Emergency Response focused companies in return for a stock consideration to Shareholders of ILUS. The company confirms that going forward, it will function as the Emergency Response subsidiary of ILUS, known as Emergency Response Technologies (ERT).
SAML plans to change its name and ticker as appropriate for its change in business direction. This shall take place in connection with a short form merger with its wholly owned subsidiary, Emergency Response Technologies, in accordance with NRS 92A.180. The corporate action will be submitted to FINRA and will be effective once a market effective date is provided by FINRA.
SAML is planning the aggressive expansion of Emergency Response Technologies in order to execute the business plan of its parent company, ILUS. The company has made its own funding arrangements in order to execute its growth plan. In addition to the merging in of existing ILUS assets, the company is considering further acquisition options, whereby negotiations have taken place or are currently taking place. This includes the possible acquisition of a US headquartered emergency vehicle manufacturer and distributor. Following execution of its initial growth plan, SAML intends to uplist to a major stock exchange.
Mrs. Atara Dzikowski, and Mr. David Dahan have resigned from all their positions with SAML. Nicolas Link was appointed as SAML's Chairman of the Board and John-Paul Backwell was appointed as the company's Chief Executive Officer and Director. Dan Peters will serve as President of SAML, and further appointments will be made to the company's board and management team.
Over the course of the coming weeks, SAML will provide a number of updates to Shareholders as assets are merged in and business progress is made. SAML Shareholders are urged to keep an eye on the company's ERT website and ERT Twitter account, the details of which are listed below:
Websites: https://ert-international.com
Twitter: @ERT_ILUS
Email: info@ert-international.com
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
SOURCE: Samsara Luggage Inc.
© Copyright 2024 ACCESSWIRE. All Rights Reserved.
SAN FRANCISCO, CA / ACCESSWIRE / December 7, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Manufacturer of equipment and infrastructure for the Industrial and Energy sectors. Today the company filed an amended S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent NYSE American listing. The amended offering shall be for the amount of gross proceeds of up to $3.5 million.
As described in the S-1/A, QIND is in the process of revising the terms of its ongoing payment tranche obligations for the acquisition of Quality International. While the revised payment terms are being agreed, the company has filed its amended S-1 for the purpose of disclosure and progress towards the clearance of SEC comments. Clearance of comments and the corresponding date of S-1 effectiveness affects the terms to be agreed in the revised payment arrangements.
QIND's original S-1 filing contained an offering for an amount of gross proceeds of up to $7 million which has since been reduced to $3.5 million, therefore reducing dilution. Further the company will amend the S-1 to include its engaged Investment Bank once the structure and timeframe of the revised payment arrangements with Quality International are finalized.
The S-1/A now includes the independent valuation report of Quality International by Kreston Menon, a division of Kreston Global, which was obtained by QIND. The amended S-1 also includes the audit reports of Quality International by Ernst & Young and Deloitte for 2020 and 2021 respectively. These aforementioned reports have been filed as exhibits to the S-1/A.
This Press Release does not constitute an offer of any securities for sale.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
SAN FRANCISCO, CA / ACCESSWIRE / November 21, 2023 / Quality Industrial Corp. (OTC PINK:QIND), yesterday filed its financial results for the third quarter ended September 30, 2023, on SEC Form 10-Q, in accordance with applicable accounting standards.
QIND reported revenue of $22.1M and net profit of $1.9M for the three months ended September 30, 2023, compared to $19,8M in revenue and net profit of $2.4M for the same period in 2022. The net profit decrease was due to shares issued to management totaling $1.5M during the quarter. However, the underlying performance of the operating business increased its net profit compared to the same period in 2022, with $3.4M achieved before adjusting for share issuances. QIND remains optimistic about its fourth quarter growth over the same period last year.
QIND has continued to lay the foundations for future growth, including but not limited to its planned uplist to the NYSE American. The Company's S-1 Registration Statement will be amended with the third quarter financial statements and subsequently filed with the Securities and Exchange Commission.
SAN FRANCISCO, CA / ACCESSWIRE / September 20, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Manufacturer of equipment and infrastructure for the Industrial, Energy, and Utility Sectors. On March 19, 2023, QIND filed an S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent NYSE American listing. The offering shall be for an amount of gross proceeds of up to $7 million.
Upon effectiveness of the offering, QIND intends to uplist to the NYSE American. If required in order to meet the bid price requirement for the listing, the company will affect an authorized reverse stock split simultaneous to its listing on the NYSE American.
"We firmly believe that an uplist to the NYSE American is in the best interest of our company and Shareholders. We are confident that it is our optimal path for realizing the value we see in the company and for its expansion from a largely Middle Eastern operation with several global multinational customers towards a global operation servicing the wider Energy sector. It is exciting that we have now taken a very significant step closer towards this objective." Said QIND CEO, John-Paul Backwell.
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