$ILUS' $QIND update is out: Quality Industrial Cor
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Posted On: 06/12/2023 5:02:02 PM
$ILUS' $QIND update is out: Quality Industrial Corp. Provides an Update on Progress Towards its NYSE American Listing
Monday, June 12, 2023 4:40 PM
Quality Industrial Corp.
Quality Industrial Corp.
https://qualityindustrialcorp.com
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Company Update
SAN FRANCISCO, CA / ACCESSWIRE / June 12, 2023 / Quality Industrial Corp. (OTC:QIND), is a mergers and acquisitions company focused primarily on the Industrial and Oil and Gas sectors. Having prepared its preliminary application for review by the NYSE, the company is now finalizing the appointment of the Investment Bank that will underwrite its soon to be submitted New Stock Offering. Upon approval of the company's NYSE application and effectiveness of the Offering, QIND will immediately uplist to the NYSE American.
"We have made significant progress towards QIND's NYSE American listing and we wish to proactively keep Shareholders and those who are following our progress informed of steps taken and the steps we plan to take over the coming weeks. We look forward to announcing the appointment of our Investment Bank this week, filing our S-1 shortly thereafter, pressing on with our Roadshow and delivering this significant milestone for our QIND and ILUS Shareholders" added QIND CEO, John-Paul Backwell.
QIND wishes to update Shareholders and Interested Parties that it has taken or is currently in the process of taking the following steps towards its NYSE American listing:
Preliminary Application for review by NYSE has been prepared in conjunction with appointed Capital Markets advisor
New Stock Offering on S-1 Registration Statement has been prepared
Company is preparing to appoint and announce the Investment Bank that will underwrite the Offering this week
Roadshow commencing from late June 2023 through July 2023
Preparation to appoint new QIND Chief Financial Officer with extensive International Capital Markets experience
Finalizing appointment of Independent Board of Directors as required
Following approval of NYSE American application, the uplist to NYSE American shall take place immediately upon effectiveness of the company's S-1 Registration Statement.
Nicolas Link chairman of QIND commented: "We anticipate that our roadshow and uplist to NYSE American will drive demand in our stock so that the underlying value of QIND will materialize for our Shareholders. The company's trailing P/E ratio is currently almost 4x below the median for its sector*. Our Board does not believe that QIND's full underlying value will be realized on OTC Markets, which is one of the key reasons why we keep our stern focus on uplisting QIND to the NYSE American."
*Trailing GAAP Price to Earnings Ratio was 5.09 for QIND compared to a sector median of 19.30 as of June 12, 2023.
This Press Release does not constitute an offer of any securities for sale.
https://www.accesswire.com/760285/Quality-Ind...an-Listing
Monday, June 12, 2023 4:40 PM
Quality Industrial Corp.
Quality Industrial Corp.
https://qualityindustrialcorp.com
Share this Article
Share on Twitter
Share on Facebook
Share on Linkedin
Topic:
Company Update
SAN FRANCISCO, CA / ACCESSWIRE / June 12, 2023 / Quality Industrial Corp. (OTC:QIND), is a mergers and acquisitions company focused primarily on the Industrial and Oil and Gas sectors. Having prepared its preliminary application for review by the NYSE, the company is now finalizing the appointment of the Investment Bank that will underwrite its soon to be submitted New Stock Offering. Upon approval of the company's NYSE application and effectiveness of the Offering, QIND will immediately uplist to the NYSE American.
"We have made significant progress towards QIND's NYSE American listing and we wish to proactively keep Shareholders and those who are following our progress informed of steps taken and the steps we plan to take over the coming weeks. We look forward to announcing the appointment of our Investment Bank this week, filing our S-1 shortly thereafter, pressing on with our Roadshow and delivering this significant milestone for our QIND and ILUS Shareholders" added QIND CEO, John-Paul Backwell.
QIND wishes to update Shareholders and Interested Parties that it has taken or is currently in the process of taking the following steps towards its NYSE American listing:
Preliminary Application for review by NYSE has been prepared in conjunction with appointed Capital Markets advisor
New Stock Offering on S-1 Registration Statement has been prepared
Company is preparing to appoint and announce the Investment Bank that will underwrite the Offering this week
Roadshow commencing from late June 2023 through July 2023
Preparation to appoint new QIND Chief Financial Officer with extensive International Capital Markets experience
Finalizing appointment of Independent Board of Directors as required
Following approval of NYSE American application, the uplist to NYSE American shall take place immediately upon effectiveness of the company's S-1 Registration Statement.
Nicolas Link chairman of QIND commented: "We anticipate that our roadshow and uplist to NYSE American will drive demand in our stock so that the underlying value of QIND will materialize for our Shareholders. The company's trailing P/E ratio is currently almost 4x below the median for its sector*. Our Board does not believe that QIND's full underlying value will be realized on OTC Markets, which is one of the key reasons why we keep our stern focus on uplisting QIND to the NYSE American."
*Trailing GAAP Price to Earnings Ratio was 5.09 for QIND compared to a sector median of 19.30 as of June 12, 2023.
This Press Release does not constitute an offer of any securities for sale.
https://www.accesswire.com/760285/Quality-Ind...an-Listing
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