Movement Industries Corp (MVNT)

[SooS416]

Houston, TX, July 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Visual Healthcare Corp. (OTC PINK: VSHC) announced today that the company has signed on its second acquisition target, Velocity Manufacturing Corporation. Mr. Linh Nguyen, LTN Capital's CEO, stated, “We are extremely excited to add Velocity to our family of companies. With 2018 revenue of nearly $3MM and approximately $400K monthly average run rate in the first half of 2019, this is an excellent acquisition to help bolster our balance sheet. Velocity is a perfect example of the types of companies we intend to acquire with modest revenues poised for rapid growth.” Velocity also currently has bids for contracts, that if successful, will result in growth above what the company has experienced this year already.

https://www.otcmarkets.com/stock/MVNT/news/Visual-Healthcare-Corp-OTC-VSHC-Announces-Acquisition-of-Velocity-Manufacturing-Corporation?id=235871

Houston, TX, Jan. 07, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) announced today that it invested over $350,000 in new Computer Numerical Control (“CNC”) machines and used fabrication machines during the last week of 2019. The CNC machines were purchased through Velocity Manufacturing to increase its production capacity to meet anticipated future demand based on its 2019 growth rate and existing sales pipeline. The fabrication machinery was purchased for the Company’s new process solutions division, which is expected to receive its initial purchase orders in the first quarter of the 2020 calendar year. All purchased equipment was expensed and will not be amortized for tax purposes.

Linh Nguyen, CEO of the Company, stated: “Growth in our manufacturing business has remained steady for the past year and appears to be sustaining itself into the new year. These purchases are the result of brisk demand for our manufacturing services. We are pleased with our operational results for the past year and are excited about our opportunities for the new year.”

Most of the Company’s growth to date has occurred in off-balance-sheet entities. Financial results for these entities will be included in future disclosure statements once the Company has completed the transition to its new ERP system and made appropriate adjustments to its financial results for GAAP compliance.

https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corporation-OTC-MVNT-Announces-Year-End-Capital-Expenditure?id=250660

The South Texas Sales Division will cover the entire region from San Antonio south and west to the Mexican border. The new division has a $4 million revenue target for 2020 and is expected to begin generating positive cash flow in only its second month of operations. The Company plans to penetrate other regions, including West Texas, organically and is also looking for potential acquisitions to expedite growth in these areas.

https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corporation-OTC-MVNT-Announces-New-South-Texas-Sales-Division?id=251365

Mr. Nguyen adds, “As per our stated 2022 focus items from our previous press release on January 12, 2022, the Company is also proud to announce that its revenue grew approximately 84% over its previous quarter. Based on the Company’s current projects and deal flow, it is also expecting continued growth with its fabrication division

Velocity Manufacturing Corporation, based in Houston, Texas, provides Computer Numerically Controlled (CNC) machining and fabrication services to national and global energy organizations. The company's leadership brings over 50 years of industry knowledge and experience. Velocity's skilled professionals, high-tech tools and technology drive its unmatched service, standards, safety, and growth.