Announces Signing of Binding Letter of Intent for the Acquisition of Predominant Pumps
August 14, 2019Wholly Owned Subsidiary, Hi-Alloy Valve, Passes Site Audit by Major International Energy Supplier
September 18, 2019Houston, TX, Aug. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Movement Industries Corp. (OTC PINK: VSHC) announced today that the company has engaged an outside business appraiser to verify the assets of two Mexican companies that have signed Letters of Intent to join the Movement Industries team. The companies being appraised are: Servicios Integrales Tamabra S.A de C.V. (Tamabra) and Integración de Sistemas de Actuación, SA de CV (Intesista). Mr. Linh Nguyen, Movement Industries CEO, stated, “Both of these companies bring strong leadership teams with great vision that will enhance our ability to deploy new technologies that empower industries to move the world. Their seamless operations and commitment to superior quality and customer service are evident by their ISO 9001 certifications. Intesista’s actuators are a perfect complement to our existing valve product lines and Tamabra will give us a nice foothold in the wellhead services space where we have huge plans for future growth.”
The two companies had over $8 million USD combined revenues in 2018 and are projecting 25-50% combined growth rates for 2019. Since all their revenues are currently generated in Mexico, we see huge upside potential as we expand their markets internationally and introduce their products and services to a global audience. Assuming both transactions are consummated, Movement Industries will be two steps closer to fulfilling its plan to acquire companies with $100MM in current revenues that each have the potential to at least double in size over the next five years. Servicios Integrales Tamabra S.A de C.V. (Tamabra), based in Poza Rica, Mexico with offices in Houston, Texas, offers artificial lift, wellhead monitoring and intervention, and 24/7 on-site security presence. Tamabra also offers site design and construction services and transport to and from the production site. Most of Tamabra’s service agreements are long-term contracts that generate revenues based on the amount of production at each site. Tamabra’s integral management and quality systems are certified ISO 9001:2015, ISO 14001:2015 and OSHAS 18001:2007. Integración de Sistemas de Actuación, SA de CV (Intesista), headquartered in Mexico City with four remote locations, offers solutions for the design, manufacture and installation of valve actuators, automatic valves, pipeline automation, and integral automation solutions. For 17 years, Intesista has maintained the highest technical, legal, and management standards for its clients. Intesista remains committed to environmental protection, pollution prevention, and personnel safety through continuous improvement of its quality, environmental, health and safety management practices. Intesista is certified ISO 9001:2015. Movement Industries is continuing to work on final paperwork for additional LOI’s which we hope to disclose over the next few weeks. Don’t forget to follow us on Twitter @mvmntin for more updates as they become available.Movement Industries Corporation (“Movement”), formerly Visual Healthcare Corp., invests in emerging growth companies in energy, oil & gas, renewables and industrial manufacturing sectors. Movement's executive management team brings over 50 years of experience in the global energy market. Movement’s growth strategy includes deepening products and services offered to existing customers as well as acquiring complementary business units.
Movement’s vision is to create prosperity locally and growth globally in every community around the world by empowering individuals and industry to advanced humanity through innovation.Stay up to date by following the Company at twitter.com/mvmntin or subscribe to updates at our website at https://mvmnt.in
About Hi-Alloy Valve
Hi-Alloy Valve is a leading supplier of valves across multiple industries with the primary focus on wellhead (API 6A upstream) and pipeline (API 6D midstream) valves for the oil and gas industry. Hi-Alloy is a certified ISO 9001:2015 and API Q1 company that provides the global energy market with an extensive product line and exceptional service.
For more information about Hi-Alloy Valve visit www.hialloyvalve.com. Make sure to follow Hi-Alloy on Twitter at www.twitter.com/hialloyvalve.
Contact Information:
MVNT Shareholder / Investor Inquiries
LTN Capital Ventures
1-713-849-1300
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