QIND Appoints New Independent Registered Public Accounting Firm and Provides Update
Quality Industrial Corp. (OTC PINK:QIND), an industrial company serving the Oil & Gas and Utility sectors, has announced two significant updates. Firstly, the company's board of directors has appointed Bush and Associates CPA as its new independent registered public accounting firm, replacing Pipara and Co LLP. Bush and Associates will review QIND's consolidated financial statements for the period ending June 30, 2024, and audit the fiscal year ending December 31, 2024.
Secondly, QIND provided an update on its potential acquisition by Actelis Networks, Inc. (NASDAQ: ASNS). The parties have extended the non-solicitation and no-shop periods until August 30, 2024, as they continue to work towards completing the transaction. However, QIND cautions that there is no guarantee the proposed transaction will be finalized.
Quality Industrial Corp. (OTC PINK:QIND), un'azienda industriale che opera nei settori del Petrolio & Gas e delle Utility, ha annunciato due aggiornamenti significativi. Innanzitutto, il consiglio di amministrazione dell'azienda ha nominato Bush and Associates CPA come nuovo studio di revisione contabile indipendente registrato, sostituendo Pipara and Co LLP. Bush and Associates esaminerà i bilanci consolidati di QIND per il periodo che termina il 30 giugno 2024 e effettuerà la revisione dell'anno fiscale che termina il 31 dicembre 2024.
In secondo luogo, QIND ha fornito un aggiornamento sulla sua potenziale acquisizione da parte di Actelis Networks, Inc. (NASDAQ: ASNS). Le parti hanno esteso i periodi di non sollecitazione e di no-shop fino al 30 agosto 2024, mentre continuano a lavorare per completare la transazione. Tuttavia, QIND mette in guardia che non vi è alcuna garanzia che la transazione proposta sarà finalizzata.
Quality Industrial Corp. (OTC PINK:QIND), una empresa industrial que sirve a los sectores de Petróleo & Gas y Utility, ha anunciado dos actualizaciones significativas. En primer lugar, la junta directiva de la empresa ha nombrado a Bush and Associates CPA como su nueva firma de contabilidad pública registrada e independiente, reemplazando a Pipara and Co LLP. Bush and Associates revisará los estados financieros consolidados de QIND para el período que finaliza el 30 de junio de 2024 y auditará el año fiscal que finaliza el 31 de diciembre de 2024.
En segundo lugar, QIND proporcionó una actualización sobre su posible adquisición por Actelis Networks, Inc. (NASDAQ: ASNS). Las partes han extendido los períodos de no solicitación y no-shop hasta el 30 de agosto de 2024, mientras continúan trabajando para completar la transacción. Sin embargo, QIND advierte que no hay garantía de que la transacción propuesta se finalize.
Quality Industrial Corp. (OTC PINK:QIND)는 석유 및 가스, 유틸리티 분야에서 활동하는 산업 회사로, 두 가지 중요한 업데이트를 발표했습니다. 첫째, 회사 이사회는 Bush and Associates CPA를 새로운 독립 공인 회계 법인으로 임명했습니다, Pipara and Co LLP를 대체합니다. Bush and Associates는 2024년 6월 30일로 종료되는 기간의 QIND의 연결 재무 제표를 검토하고 2024회계연도(2024년 12월 31일 종료)에 대한 감사를 수행할 것입니다.
둘째, QIND는 Actelis Networks, Inc. (NASDAQ: ASNS)에 의한 잠재적 인수에 대한 업데이트를 제공했습니다. 양 당사자는 거래 완료를 위해 계속 노력하는 동안 비권유 및 노샵 기간을 2024년 8월 30일까지 연장했습니다. 그러나 QIND는 제안된 거래가 최종화될 것이라는 보장이 없다고 경고합니다.
Quality Industrial Corp. (OTC PINK:QIND), une entreprise industrielle servant les secteurs du pétrole & gaz et des services publics, a annoncé deux mises à jour importantes. Tout d'abord, le conseil d'administration de l'entreprise a nommé Bush and Associates CPA comme son nouveau cabinet d'audit public indépendant enregistré, remplaçant Pipara and Co LLP. Bush and Associates examinera les états financiers consolidés de QIND pour la période se terminant le 30 juin 2024 et audite l'année fiscale se terminant le 31 décembre 2024.
Ensuite, QIND a fourni une mise à jour sur son acquisition potentielle par Actelis Networks, Inc. (NASDAQ: ASNS). Les parties ont prolongé les périodes de non-solicitation et de no-shop jusqu'au 30 août 2024, tout en continuant à travailler à l'achèvement de la transaction. Cependant, QIND met en garde qu'il n'y a aucune garantie que la transaction proposée sera finalisée.
Quality Industrial Corp. (OTC PINK:QIND), ein Industrieunternehmen, das die Sektoren Öl & Gas und Versorgungsunternehmen bedient, hat zwei bedeutende Updates angekündigt. Erstens hat der Verwaltungsrat des Unternehmens Bush and Associates CPA als seine neue unabhängige, registrierte Wirtschaftsprüfungsgesellschaft ernannt, die Pipara and Co LLP ersetzt. Bush and Associates wird die konsolidierten Finanzberichte von QIND für den Zeitraum bis zum 30. Juni 2024 prüfen und die Jahresabrechnung für das Geschäftsjahr bis zum 31. Dezember 2024 durchführen.
Zweitens hat QIND ein Update über die potenzielle Übernahme durch Actelis Networks, Inc. (NASDAQ: ASNS) bereitgestellt. Die Parteien haben die Zeiträume für Nichtansprache und No-Shop bis zum 30. August 2024 verlängert, während sie weiterhin daran arbeiten, die Transaktion abzuschließen. QIND warnt jedoch, dass es keine Garantie dafür gibt, dass die vorgeschlagene Transaktion finalisiert wird.
- Appointment of a new independent registered public accounting firm, potentially bringing fresh perspectives to financial reporting
- Ongoing progress in potential acquisition deal with Actelis Networks, indicating possible business expansion or strategic repositioning
- Uncertainty surrounding the completion of the proposed acquisition by Actelis Networks
- Change in auditing firm may lead to temporary disruptions in financial reporting processes
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
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.
View the original press release on accesswire.com
FAQ
Who is Quality Industrial Corp's new independent registered public accounting firm?
What is the status of QIND's potential acquisition by Actelis Networks?
When will Bush and Associates CPA begin auditing QIND's financial statements?
What percentage of QIND shares is Actelis Networks looking to acquire?
