Business
Movement Industries Corporation Appoints New CFO and Increases Revenues by Approximately 84% over Previous Quarter
Movement Industries Corporation Appoints New CFO and Increases Revenues by Approximately 84% over Previous Quarter.
About this update from Movement Inds Corp.
[{"type":"text","content":"\n Houston, TX, March 09, 2022 (GLOBE NEWSWIRE) -- Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) proudly announces it has appointed Jack E. Leal as Chief Financial Officer. Mr. Leal brings over 27 years of senior level experience in accounting, tax, and compliance oversight for both private and publicly held 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, stated, “We are excited to have Mr. Leal provide his experience and leadership to our company as we continue the growth and expansion in 2022 and beyond.”  Mr. Leal, new Chief Financial Officer, affirmed, “I personally believe in our Company’s products, services and our CEO, Mr. Nguyen. My goal is to ensure that the Company and stakeholders are receiving timely and accurate financial information, which ensures the Company can move toward even greater growth opportunities. Mr. Leal’s key role as Chief Financial Officer is to directly work with Mr. Nguyen and the management team to oversee all aspects of the Company’s financial status. This role includes preparation of periodic financial reports for both internal and external financial reporting purposes, including the consolidated income statements, balance sheets and statements of cash flows, preparation of periodic external statutory reports for various governmental agencies including the Securities and Exchange Commission. His duties will also include coordination, supervision and review of internal controls of various financial departments, including treasury management, accounts receivable, inventory, fixed assets and accounts payable. Mr. Leal also brings senior level experience for the preparation of forecasting models of financial statements in connection with potential acquisition candidates and new lines of businesses, preparation of periodic cash forecasting models for internal reporting purposes and monitoring of available cash for the purpose of maintaining proper working capital and investment balances. Mr. Leal will also deliver additional sources of revenue and increase the Company’s cliental base from his vast experience and network. Mr. Nguyen add...