QUALITY INDUSTRIAL CORP - QIND STOCK NEWS

Quality Industrial Corp. (OTC:QIND), a mergers and acquisitions company focusing on the Industrial and Oil and Gas sectors, has entered into an advisory agreement with Exchange Listing, LLC to facilitate its listing on the NYSE American. The collaboration aims to expedite the listing process, with an application expected to be submitted soon, targeting completion within summer 2023. CEO John-Paul Backwell highlighted the rapid progress made with Exchange Listing, which will manage the NYSE application process and assist with SEC filings. The advisory firm's experienced team, led by CEO Peter Goldstein, boasts a strong track record in public offerings and uplistings. This partnership is anticipated to enhance capital access, governance, and liquidity for QIND, ultimately benefiting shareholders.

Quality Industrial Corp. (OTC PINK:QIND) filed its 2022 Annual Report with the SEC, detailing significant financials including revenue of $65.6M and net profit of $6.8M for 2022. The report outlined a 2023 forecast projecting revenue over $140M and net profit exceeding $20M. Following a change in ownership in May 2022, the company is focused on enhancing acquisitions in the Industrial, Oil & Gas, and Utility sectors. Chief Executive Officer John-Paul Backwell highlighted the strength of their performance and commitment to achieve set objectives for 2023.

Quality Industrial Corp. (QIND) announced its acquisition of 52% of Quality International Co Ltd FZC for up to $137 million, to be paid in six tranches linked to EBITDA targets in 2023 and 2024. Quality International, located in the UAE, boasts over $100 million in annual revenue and a current order book exceeding $150 million, with a project pipeline of over $2 billion. The acquisition aims to enhance QIND's market position in the industrial and oil sectors, leveraging Quality International’s extensive manufacturing capabilities and client base, including major firms like BP and Chevron.

Quality Industrial Corp. (OTC PINK: QIND) announced the appointment of John-Paul Backwell as its new CEO, effective October 21, 2022. Backwell, who previously served as Chief Commercial Officer, is set to lead the company through a critical phase of acquisitions. The firm plans to hire a permanent industry-specific CEO early next year. QIND is focused on significant acquisitions and aims to move off the OTC market, targeting over $100 million in annual revenue, moving towards billions by 2025. This restructuring is seen as vital for optimizing growth and managing upcoming deals.

Quality Industrial Corp. (OTC:QIND) announces the completion of an independent external evaluation for the acquisition of Quality International Co Ltd, with a first tranche payment of $1 million already made. Financial results from this acquisition will be included in QIND's upcoming Q2 and Q3 2022 reports. Projected figures include 2022 revenue of $105-125 million and EBITDA of $11-13 million. Management emphasizes that thorough due diligence has been prioritized to ensure growth and stability during the transition.

Quality Industrial Corp. (QIND) announced its transfer from the OTCQB to the Pink Current market, effective September 15, 2022. This action was prompted by a recent acquisition and the company’s ongoing efforts to comply with OTC standards. Despite the move, company management maintains that it will not hinder business operations or growth plans. However, they expressed concerns over the lack of communication from OTC Markets regarding the transfer and the implications for shareholders, indicating potential legal action. The company remains optimistic about future developments.

Quality Industrial Corp. (OTCQB:QIND) has appointed Pipara & Co LLP as its independent registered public accounting firm as of August 19, 2022. This strategic decision aims to expedite the audit process for its upcoming subsidiary in the United Arab Emirates. QIND expects to finalize a significant acquisition in the UAE by September 2022, having already made a first tranche payment of $1 million. The company is also in discussions for two additional acquisitions in the renewable energy and industrial manufacturing sectors.