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See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen.
See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen. pic.twitter.com/A2UAoMXjhJ
— FredZ (@AgInAustin1) December 26, 2023
In case you missed it
ILUS International Inc
@ILUS_INTL
Happy Holidays! $ILUS, $QIND,
@ERT_ILUS
announcements out before year end. #acquisition #dividend #merger
4:01 PM · Dec 22, 2023
jp and nick neefs to get vote out..they are just collecting a ck for nothing
While price is slipping, last eight trades were for 1 (one) share each. Hysterical.
This co is making money. I dont understand the sluggish trading. Are we waiting for NYSE?
I agree that tax loss selling and lack of faith in management and selling begetting selling is having an effect.
It will allow some to get more shares. But I think the business plan is progressing and that QIND will uplist in the near future.
AginAustin
Thanks for your input.
In the meantime, due to tax selling, uncertainty, perhaps lack of faith in management etc., QIND is leaking and ILUS is melting.
"However, will the SEC "accept" the S-1 prior to the final terms of the transaction being disclosed?"
This is a valid question. I contacted a former investment banker that I know and he says that they may have to rely on their advisors as to whether a change in the payment terms/dates would constitute a material change that would necessitate another revision. It is also possible that they received some input from the SEC on this particular matter.
Agin
I see your point. However, will the SEC "accept" the S-1 prior to the final terms of the transaction being disclosed? The transaction is the whole purpose of QIND's formation and the support for any value to going public. How will they accept the S-1 with such a major disclosure item in flux??
Yet the company is assuming that they can get S-1 accepted (thereby then having a "solid" IPO date), and then they can agree to the final terms of the purchase.
I hope you are correct.
Not really a catch 22. From what I read from the PR:
Step 1: "Clearance of comments and the corresponding date of S-1 effectiveness affects the terms to be agreed in the revised payment arrangements."
So, they get a date for S1 effectiveness.
Step 2: Then they can revise the QI terms and then
Step 3: "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." Then
Step 4: Uplist/offering
Without the IPO, they may not be able to make the payments for the company they bought. As you see in the pr, it's a Catch-22 situation. The revised agreement is dependent on the timing of the IPO.
So my guess is that, the Seller, as it did with the prior Tranche, is getting more shares to delay the tranches, but ILUS/QIND has to s**t or get off the pot by a certain date. So if IPO is not done by certain date, deal may be off. Will lose any initial $$ paid in and may have a break up fee as well (whether in initial agreement or revised one).
Is $3.5 million enough for the tranches AND for future business, or are they merely looking to survive the transaction??? There must have been a rationale for initially seeking a $7 million IPO.
Jedi
So reduced from $7 mill to $3.5 mill. Are in midst of revising the tranches for purchase of QI. Sounds like they will need another amendment after they finalize the payment plan. More delays
This management has to be changed
NEWS: Quality Industrial Corp. $QIND Files Amended S-1 Registration Statement in a Firm Commitment Public Offering and Concurrent NYSE American Listing
Quality Industrial Corp.
Thu, December 7, 2023 at 9:50 AM EST
In this article: QIND
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.
View source version on accesswire.com:
https://www.accesswire.com/814292/quality-industrial-corp-files-amended-s-1-registration-statement-in-a-firm-commitment-public-offering-and-concurrent-nyse-american-listing
https://finance.yahoo.com/news/quality-industrial-corp-files-amended-145000948.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via
@YahooFinance
And yet, unfortunately, still no volume
How long did they say the road shows would be after the filing is "accepted"?
$QIND tweet out saying that the amended S1 will be filed by tomorrow. This uplist/offering will happen. The value should begin to be reflected in the SP.
$QIND said these will be in the amended S1. It is not just responding to comments:
- lead underwriter
- new contracts
- other material elements
- CY Q3 financials
My *guess* is that they will also have an amended QI purchase agreement referenced and filed.
It is a 2 week virtual road show to investors of the offering that will occur after the S1 is approved or if the comments are minor. I think they have 200 investors lined up if my memory serves. So, this will be done in the 2 weeks prior to the actual uplist/offering.
Even though the investors will be primarily participating by getting their shares from the offering, road shows usually result in shares being bought on the open market and driving up the price.
When is the “road show”?
There has been no RS at this point. However, when that was announced the stock did take a dive even though this would be a "good" RS. It would only be done if and simultaneously with an uplist. The company is expecting for the share price to appreciate once they initiate their roadshow. If that happens then the RS will be minimized or possibly even become unnecessary.
Thx. for the info. I read the 14C filing dated June 22 2023 .Did the actual R/S take place? Sitting at 0.19 now so how does this still qualify for an uplisting?
Read the schedule 14C filing and you will understand.
How does a stock trading at 0.17- 0.19 get up listed when the minimum requirement is $2.00 a share? Perhaps a R/S is the answer ...Asking for a friend..
NEWS: QIND Files Its Third Quarter of 2023 Results, Displaying Continued Quarter-on-Quarter Revenue Growth
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.
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.
Which info? Earnings are due on Wednesday as stated by rule.
That earnings should be good? Based on what JP has said in videos about the backlog of purchase orders being worked on.
That they will communicate about the uplist and offering? This is my speculation based on their history where they issue PR's with earnings reports.
Where are you getting your info?
$QIND earnings by Wednesday and they should be good. I believe that they will communicate their expectations on the uplist and the offering as well.
QIND
Quality Industrial Corporation (PK)
0.2299
0.0049 (2.18%)
Volume: 5,000
Day Range: 0.207 - 0.2299
Last Trade Time: 10:49:47 AM EST
Not sure why you post this.
QIND
Quality Industrial Corporation (PK)
0.21235
0.00735 (3.59%)
Volume: 129,637
Day Range: 0.20 - 0.23
Last Trade Time: 3:59:49 PM EDT
$QIND
NYSE SECTION 3: MANDATORY CHARTERS & RELATED POLICY:
NOMINATING, AUDIT, COMPENSATION, AND GOVERNANCE
OCTOBER 2023
https://sec.gov/Archives/edgar/data/1393781/000166357723000516/ex99_1.htm
https://sec.gov/ix?doc=/Archives/edgar/data/0001393781/000166357723000516/qind8k103023.htm
$QIND
NYSE SECTION 3: MANDATORY CHARTERS & RELATED POLICY:
NOMINATING, AUDIT, COMPENSATION, AND GOVERNANCE
OCTOBER 2023
https://sec.gov/Archives/edgar/data/1393781/000166357723000516/ex99_1.htm
https://sec.gov/ix?doc=/Archives/edgar/data/0001393781/000166357723000516/qind8k103023.htm
https://www.sec.gov/Archives/edgar/data/1393781/000166357723000516/ex99_1.htm
NYSE SECTION 3: MANDATORY CHARTERS & RELATED POLICY:
NOMINATING, AUDIT, COMPENSATION, AND GOVERNANCE
OCTOBER 2023
The last trade for $33 (150 sh) caused this drop off. Don't panic......buy!
So little interest in this stock. A stock that plans an offering and uplist to the NYSE American. The offering will provide the ability for institutional investors to invest and to revalue the share price. Yesterday the company tweeted that they had received the SEC comments on their S1 filing. They seem pretty minor and they should be able to resubmit pretty quickly a revised S1. Revised S1's are reviewed much more quickly by the SEC than initial S1's. Roadshow should start in Nov. My guess is the uplist will take place in late Nov.
NEWS OUT! $QIND Parent Company ILUS Provides Shareholder Update
Fri, October 20, 2023 at 12:31 PM EDT·4 min read
In this article: ILUS QIND
ILUS International Inc.
NEW YORK, NY, Oct. 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. The company provides the following updates to its Shareholders.
While ILUS’ industrial subsidiary, Quality Industrial Corp.(QIND), awaits comments to its S-1 Registration Statement, which have not yet been received, the company has continued to press forward with the business plan for its Public Safety and Renewables subsidiaries. With all terms agreed for its next acquisition, ILUS is in the final stages of the administrative and internal structuring required to complete the deal. It is intended that the acquisition will serve as a Special Purpose Vehicle for expansion of the company’s Public Safety subsidiary, Emergency Response Technologies (ERT).
This week, ERT held several positive meetings in Europe with a global wildfire equipment manufacturer. The subsidiary plans to acquire a majority stake in the wildfire company and the addition of its patented technology, manufacturing capability, and global distribution network are an important component of ERT’s growth plans. ILUS is focused on adding wildfire equipment as well as US manufactured firefighting vehicles and ambulances to ERT’s portfolio, with the goal of uplisting the subsidiary to a National Exchange during the course of 2024.
ILUS confirms that it has agreed a revised payment plan with AJB Capital Investment LLC for repayment of a $1,200,000 convertible promissory note. Under the revised payment plan, the note must be repaid by mid-2024.
Plans remain firmly in place for ILUS to pay a special equity dividend in the form of QIND stock to ILUS Shareholders of record as of the date of QIND’s NYSE American uplisting. The company is prepared to announce details of the dividend upon confirmation of a date for QIND’s planned uplisting.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels:
website: https://ilus-group.com Twitter: ILUS_INTL
Note: ILUS Coin does not sit within ILUS International Inc (Ilustrato Pictures International Inc), so the public are recommended to follow the correct Media Channels relating to the public company OTC: ILUS
Shhhh.. keep quiet for a while longer
On ET, the ask is continuously at .30 but L2 shows small orders closing at pennies less.
How does that work?
Been drinkin lmao
Wow! 30,000 dollar buy at end of day
$QIND 9/19/2023 video update for more insight and answers to questions:
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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