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QIND Operating Company, Al Shola Gas, Receives Over $1 Million in New Orders Since The Start of July 2024

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Quality Industrial Corp. (OTC PINK:QIND) announced that its operating business, Al Shola Gas (ASG), received over $1 million in sales orders in the first three weeks of July 2024. The orders include:

  • Six new Central Gas System installations totaling $513,000
  • Bulk supply of over 250 Metric Tonnes of LPG, amounting to $427,000
  • LPG cylinder distribution orders worth $136,000

CEO John-Paul Backwell expressed satisfaction with the strong start to Q3 and mentioned plans to order new bobtail trucks to meet increasing demand. The company is also negotiating project bids in Sub-Saharan Africa and the Middle East, aiming for substantial growth in 2025. Additionally, QIND is working on finalizing a previously announced acquisition to boost its growth trajectory.

Quality Industrial Corp. (OTC PINK:QIND) ha annunciato che la sua attività operativa, Al Shola Gas (ASG), ha ricevuto ordini di vendita superiori a 1 milione di dollari nelle prime tre settimane di luglio 2024. Gli ordini includono:

  • Sei nuove installazioni del Sistema di Gas Centrale per un totale di 513.000 dollari
  • Fornitura di oltre 250 tonnellate metriche di GPL, per un importo di 427.000 dollari
  • Ordini di distribuzione di bombole di GPL del valore di 136.000 dollari

Il CEO John-Paul Backwell ha espresso soddisfazione per un inizio così forte del terzo trimestre e ha menzionato piani per ordinare nuovi camion bobtail per soddisfare la crescente domanda. L'azienda sta anche negoziando offerte di progetto in Africa subsahariana e in Medio Oriente, mirando a una crescita sostanziale nel 2025. Inoltre, QIND sta lavorando alla finalizzazione di un'acquisizione precedentemente annunciata per potenziare la propria traiettoria di crescita.

Quality Industrial Corp. (OTC PINK:QIND) anunció que su negocio operativo, Al Shola Gas (ASG), recibió más de 1 millón de dólares en órdenes de venta en las primeras tres semanas de julio de 2024. Las órdenes incluyen:

  • Seis nuevas instalaciones del Sistema de Gas Central por un total de 513,000 dólares
  • Suministro a granel de más de 250 toneladas métricas de GLP, por un valor de 427,000 dólares
  • Órdenes de distribución de cilindros de GLP por un valor de 136,000 dólares

El CEO John-Paul Backwell expresó su satisfacción por el sólido comienzo del tercer trimestre y mencionó planes para ordenar nuevos camiones bobtail para satisfacer la creciente demanda. La empresa también está negociando ofertas de proyectos en el África subsahariana y en Oriente Medio, con el objetivo de un crecimiento sustancial en 2025. Además, QIND está trabajando en la finalización de una adquisición previamente anunciada para impulsar su trayectoria de crecimiento.

Quality Industrial Corp. (OTC PINK:QIND)는 운영 사업부인 Al Shola Gas (ASG)가 2024년 7월 첫 세 주 동안 100만 달러 이상의 판매 주문을 받았다고 발표했습니다. 주문 내용은 다음과 같습니다:

  • 총 513,000 달러의 여섯 개 새로운 중앙 가스 시스템 설치
  • 427,000 달러 상당의 250톤 이상의 LPG 대량 공급
  • 136,000 달러의 LPG 실린더 배급 주문

CEO인 John-Paul Backwell은 3분기 시작이 강하게 이루어진 것에 대한 만족을 표시하며, 증가하는 수요를 충족하기 위해 새로운 보타일 트럭을 주문할 계획을 언급했습니다. 회사는 또한 아프리카 사하라 이남 및 중동에서 프로젝트 입찰을 협상하고 있으며, 2025년에 상당한 성장을 목표로 하고 있습니다. 또한, QIND는 이전에 발표된 인수의 마무리를 위해 작업하고 있어 성장 궤도를 촉진하고 있습니다.

Quality Industrial Corp. (OTC PINK:QIND) a annoncé que son activité opérationnelle, Al Shola Gas (ASG), a reçu plus de 1 million de dollars de commandes de vente au cours des trois premières semaines de juillet 2024. Les commandes comprennent :

  • Six nouvelles installations du Système de Gaz Central d'une valeur totale de 513,000 dollars
  • Fourniture en vrac de plus de 250 tonnes métriques de GPL, s'élevant à 427,000 dollars
  • Commandes de distribution de cylindres de GPL d'une valeur de 136,000 dollars

Le PDG John-Paul Backwell a exprimé sa satisfaction quant à ce bon début de troisième trimestre et a mentionné des projets de commande de nouveaux camions bobtail pour répondre à la demande croissante. L'entreprise est également en train de négocier des appels d'offres de projets en Afrique subsaharienne et au Moyen-Orient, visant une croissance substantielle en 2025. De plus, QIND travaille à finaliser une acquisition précédemment annoncée pour renforcer sa trajectoire de croissance.

Quality Industrial Corp. (OTC PINK:QIND) gab bekannt, dass ihr operatives Geschäft, Al Shola Gas (ASG), in den ersten drei Wochen im Juli 2024 Verkaufsaufträge von über 1 Million Dollar erhalten hat. Die Aufträge umfassen:

  • Sechs neue Installationen des Zentralen Gas Systems im Gesamtwert von 513.000 Dollar
  • Füllung von mehr als 250 metrischen Tonnen LPG, die 427.000 Dollar ausmachen
  • Verteilungsaufträge für LPG-Zylinder im Wert von 136.000 Dollar

CEO John-Paul Backwell äußerte sich zufrieden über den starken Start ins dritte Quartal und erwähnte Pläne, neue Bobtail-Lkw zu bestellen, um der steigenden Nachfrage gerecht zu werden. Das Unternehmen führt auch Verhandlungen über Projektangebote in Subsahara-Afrika und im Nahen Osten, mit dem Ziel, bis 2025 ein erhebliches Wachstum zu erzielen. Darüber hinaus arbeitet QIND daran, eine zuvor angekündigte Akquisition abzuschließen, um seinen Wachstumspfad zu unterstützen.

Positive
  • Received over $1 million in new orders in just three weeks of July 2024
  • Secured six new Central Gas System installation orders worth $513,000
  • Received bulk LPG supply orders for 250 Metric Tonnes totaling $427,000
  • Obtained LPG cylinder distribution orders amounting to $136,000
  • Planning to acquire four new bobtail trucks to meet increasing demand
  • Negotiating midstream and downstream gas system project bids in new markets
  • Working on finalizing an acquisition to boost growth trajectory
Negative
  • None.

SAN FRANCISCO, CA / ACCESSWIRE / July 23, 2024 / Quality Industrial Corp. (OTC PINK:QIND) is an Industrial company servicing the Oil & Gas and Utility sectors. The company confirms that in the first three weeks of July 2024, its operating business, Al Shola Gas (ASG), which operates out of Dubai, United Arab Emirates, received over $1 million in sales orders.

ASG received orders for new installations of Central Gas Systems, bulk gas supply to current customer locations, and distribution of Liquefied Petroleum Gas (LPG) cylinders to both existing and new customers. The summary of orders received in the first three weeks of July, totaling $1,076,000, is as follows:

  • ASG secured six new orders for Central Gas System installations, amounting to a total of $513,000. Clients including Sobha Realty, Trends Electro-Mechanical Works LLC, Kitchen Park LLC, and Al Ishrak Contracting LLC have once again placed their trust in ASG to expertly design, engineer, install, and maintain their Central Gas Systems.

  • ASG also received orders for the bulk supply of over 250 Metric Tonnes (Mt) of LPG, totaling $427,000. The orders were placed by several customers, including WASL Properties, Q1 Malls, Dubai Sports City, Pavilion Foods, Earth Real Estate, and Aiko Mall.

  • Furthermore, ASG received LPG cylinder distribution orders amounting to $136,000. Orders were received from the likes of Dubai Holdings, Nakheel, Dubai Golf LLC, and Amma's Restaurant LLC.

"Following a successful second quarter, following which we anticipate filing our results on or before August 15th, we are pleased with our strong start to the third quarter. Recent orders from both our longstanding and new customers indicate the progress we are consistently making," said John-Paul Backwell, CEO of QIND. "In response to the increasing demand for bulk gas supply, we are proactively ordering two new bobtail trucks in the third quarter, followed by an additional two trucks in the fourth quarter. Our ongoing negotiations for several midstream and downstream gas system project bids in Sub-Saharan Africa and the Middle East highlight our determination to expand into new markets and foster substantial growth in 2025. Additionally, we remain committed to efficiently finalizing our previously announced acquisition transaction, which is poised to significantly bolster our growth trajectory."

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 the original press release on accesswire.com

FAQ

How much in new orders did QIND's Al Shola Gas receive in July 2024?

Al Shola Gas, QIND's operating business, received over $1 million in new orders in the first three weeks of July 2024.

What types of orders did QIND's Al Shola Gas receive in July 2024?

Al Shola Gas received orders for Central Gas System installations ($513,000), bulk LPG supply (250 Metric Tonnes, $427,000), and LPG cylinder distribution ($136,000).

What expansion plans does QIND have for its gas supply business?

QIND plans to order four new bobtail trucks in Q3 and Q4 2024 to meet increasing demand. The company is also negotiating project bids in Sub-Saharan Africa and the Middle East for potential expansion in 2025.

When does QIND expect to file its Q2 2024 results?

QIND anticipates filing its Q2 2024 results on or before August 15, 2024.

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