SAN FRANCISCO, CA / ACCESSWIRE / August 24, 2022 / Quality Industrial Corp. (OTCQB:QIND), today announced that on August 22, 2022, the company dismissed Boyle CPA, LLC as its independent registered public accounting firm and, on August 19, 2022, the company engaged Pipara & Co LLP as its independent registered public accounting firm. The engagement of the New Accountant was approved by the Board of Directors.
On the 30th of June 2022, the company signed a Binding Letter of Intent to acquire 51% of a United Arab Emirates headquartered company which manufactures custom solutions for the Oil and Gas, Energy, Water Desalination, Wastewater, Offshore and Public Safety sectors. Pipara & Co LLP is based in multiple regions globally, including but not limited to the USA and the UAE.
The accounting firm's presence in multiple regions will allow for a more efficient audit process for Quality Industrial Corp.'s current subsidiary in the UAE and the planned future subsidiaries. The company requires a public accounting firm which can have weekly oversight of the UAE based company due to its high revenue and expected growth trajectory. This regular oversight process will ensure timely and efficient audits in the future.
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.
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https://www.accesswire.com/713205/Quality-Industrial-Corp-OTCQB-QIND-announces-engagement-with-new-independent-registered-public-accounting-firm
