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on Quality Industrial Corp. (NASDAQ:QIND)

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

Quality Industrial Corp. (OTC PINK:QIND), an industrial company serving the Oil & Gas and Utility sectors, announced that its Dubai-based subsidiary, Al Shola Gas (ASG), received over $1 million in sales orders in the first three weeks of July 2024.

ASG secured six new orders for Central Gas System installations, totaling $513,000. These orders came from clients like Sobha Realty and Trends Electro-Mechanical Works LLC. In addition, ASG received bulk LPG supply orders for over 250 Metric Tonnes, amounting to $427,000, from customers including WASL Properties and Q1 Malls. Lastly, LPG cylinder distribution orders totaling $136,000 were received from companies such as Dubai Holdings and Nakheel.

"We are pleased with our strong start to the third quarter," said John-Paul Backwell, CEO of QIND. The company plans to acquire two new bobtail trucks in the third quarter and two more in the fourth quarter to meet increasing demand for bulk gas supply. Additionally, QIND is negotiating several midstream and downstream gas system projects in Sub-Saharan Africa and the Middle East, aimed at expanding into new markets and driving growth in 2025.

R. E.

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