Houston, Texas, March 09, 2022 (GLOBE NEWSWIRE) — Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) proudly announces the appointment of Jack E. Leal as Chief Financial Officer. Mr. Leal brings over 27 years of senior accounting, tax and compliance oversight experience for private and public companies with roles at Petrochem Field Services, Inc., GollobMorganPeddy PC, Ham, Langston & Brezina, LLP, ExpressJet Airlines, Inc., Continental Airlines, Inc. and Deloitte and Touche, LLP. Mr. Linh Nguyen, CEO of the company, said, “We are delighted that Mr. Leal will bring his experience and leadership to our company as we continue to grow and expand in 2022 and beyond. Mr. Leal, new Chief Financial Officer, said, “Personally, I believe in our company’s products and services and in our CEO, Mr. Nguyen. My goal is to ensure that the company and stakeholders receive accurate and timely financial information, which ensures that the company can evolve into even greater growth opportunities.
Mr. Leal’s key role as Chief Financial Officer is to work directly with Mr. Nguyen and the management team to oversee all aspects of the company’s financial condition. This role includes preparing periodic financial reports for internal and external financial reporting purposes, including consolidated income statements, balance sheets and cash flow statements, preparing periodic external statutory reports for various government agencies, including the Securities and Exchange Commission. His duties will also include the coordination, supervision and review of internal controls of various financial departments, including cash management, accounts receivable, inventory, fixed assets and accounts payable.
Mr. Leal also brings senior level experience in preparing financial statement forecasting models in relation to potential acquisition candidates and new lines of business, preparing periodic cash flow forecasting models at internal reporting purposes and monitoring of available cash in order to maintain proper working capital and investment balances. Mr. Leal will also provide additional revenue streams and grow the Company’s customer base through his extensive experience and network.
Mr. Nguyen adds: “In line with our 2022 focus items from our previous press release dated January 12, 2022, the company is also proud to report that its revenue increased by approximately 84% compared to the previous quarter. . Based on the company’s current plans and deal flow, it also expects continued growth with its manufacturing division.
In conclusion, Mr. Nguyen said, “I would like to thank our stakeholders for their continued support as the company grows its brand, work experience and expands its projects around the world.”
About Movement Industries Corporation
Movement Industries Corporation invests in emerging growth companies in the energy, oil and gas, renewable energy, agriculture and industrial manufacturing sectors. Movement’s management team brings over 50 years of experience in the global energy market. The Company’s growth strategy includes deepening the products and services offered to existing customers as well as acquiring complementary business units and new customers.
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Safe Harbor Statement – In addition to historical information, this press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. The forward-looking statements contained in this press release include the intention, belief or expectations of the Company and members of its management team regarding the future business activities of the Company and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to achieve anticipated sales during negotiation, lack of revenue growth, customer dropouts, failure to achieve improvements performance, efficiency and profitability, and adverse developments in litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock . Other factors that could cause actual results to differ materially from those contemplated in this press release are also available on the Company’s website. The Company assumes no responsibility for updating forward-looking statements.