QIND Appoints Investment Bank, Files Preliminary Schedule 14C Information Statement, and Provides S-1 Filing Update. - Seite 2

Reverse Stock Split

Having today filed the required Schedule 14C Information Statement, QIND has given notice that its Board of Directors authorized a reverse split of the company's stock which may only take place in order to list QIND's common stock on a National Exchange and very significantly, the reverse split may only take place at the same time as the company's common stock is listed on a National Exchange.

The reverse stock split will have no immediate effect on the company's current value, as its market capitalization shall remain the same after it is executed. A reverse stock split has no direct effect on the total dollar value of a stockholder's shares.

QIND's Board of Directors will determine the ratio for the reverse stock split, if required, having authorized a range of 1-for-2 and not more than 1-for-20, thus providing the company with the flexibility to achieve the desired results of the reverse stock split. Upon receiving a market effective date from FINRA and following approval of the company's NYSE application as well as effectiveness of its S-1 Registration Statement, the company will choose the ratio required to meet or exceed the $2 bid price requirement for uplisting to the NYSE American. The reverse stock split will only take place if required at the time to meet the bid price requirement and is only authorized to take place for the purpose of as well as at the same time as uplisting to a National Securities Exchange.

QIND's Board and Management believe that the decision to authorize a reverse stock split only in connection with and simultaneous to a National Securities Exchange listing is in the best interests of the Company and its Shareholders. The company believes that QIND's share price is highly undervalued when compared to industry peers on core underlying valuation metrics as reflected by the company's audited annual and quarterly financial results. The company's Board and Management team unanimously agrees that listing on a National Securities Exchange will attract institutional investors to the company, with increased demand and liquidity as a result. Consequently, in order for the company to complete its eligibility for listing on a National Securities Exchange, the reverse stock split may be required. Furthermore, in an agreement signed with the company's Investment Bank, shares of QIND insiders will be locked-up for a period of six months following the company's listing on a National Securities Exchange.