Wikisoft Corp. Announces Name Change to Quality Industrial Corp. and is in the Process of Ticker Symbol Change

Rhea-AI Summary

Wikisoft Corp. (OTCQB:WSFT) announced a corporate name change to Quality Industrial Corp. as part of a merger with its subsidiary. This change is in line with recent strategic realignments following its acquisition by Emergency Response Technologies, a subsidiary of ILUS International, completed on June 2, 2022. The merger will be submitted to FINRA and will take effect after the market effective date is confirmed. These changes aim to better reflect the company's operational strategy.

Positive

• Name change to Quality Industrial Corp. reflects strategic realignment.
• Merger with Emergency Response Technologies may enhance operational efficacy.

Negative

• No immediate financial data provided to assess impact on shareholders.
• -

SAN FRANCISCO, CA / ACCESSWIRE / June 24, 2022 / Wikisoft Corp. (OTCQB:WSFT), today announced that the board of directors authorized a change in the name and ticker of the company in connection with a short form merger with its wholly owned subsidiary, Quality Industrial Corp, 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.

Wikisoft Corp. has requested a name change to Quality Industrial Corp. to align with the recent strategic changes and upcoming operational changes now following the acquisition by Emergency Response Technologies, a wholly owned subsidiary of ILUS International (Ilustrato Pictures International Inc; OTC: ILUS) as of June the 2nd 2022.

Twitter: @ WikisoftC @ILUS_INTL

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:

WikiSoft Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: investor@wikisoft.com

SOURCE: WikiSoft Corp.

View source version on accesswire.com:
https://www.accesswire.com/706517/Wikisoft-Corp-Announces-Name-Change-to-Quality-Industrial-Corp-and-is-in-the-Process-of-Ticker-Symbol-Change

FAQ

What prompted the name change of Wikisoft Corp. to Quality Industrial Corp.?

The name change is connected to a merger with its subsidiary, Quality Industrial Corp., to better align with recent strategic changes.

When will the ticker symbol change for WSFT take effect?

The ticker symbol change will be effective once FINRA provides a market effective date.

What acquisition occurred prior to the name change for WSFT?

Wikisoft Corp. was acquired by Emergency Response Technologies on June 2, 2022, which is a subsidiary of ILUS International.

How does the merger impact the operational strategy of WSFT?

The merger is expected to enhance operational strategy and align it with the new branding as Quality Industrial Corp.