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ATLANTA, Feb. 16, 2021 (Globe NEWSWIRE) — Williams Industrial Solutions Group Inc. (OTCQX: WLMS) (“Williams” or the “Company”), a development and maintenance products and services firm, right now announced that the Enterprise has done all vital regulatory measures and been accredited to uplist to the NYSE American Trade. The ticker will remain unchanged, as “WLMS,” and the stock will commence trading there on February 22, 2021.
“I am pretty pleased to announce that the Firm has been permitted to start off investing on the NYSE American Trade,” reported Tracy Pagliara, President and CEO of Williams. “This represents the ultimate stage of our very long restructuring process and one more vital milestone in Williams’ loaded heritage. I want to thank our staff for their really hard operate and perseverance in guidance of this good accomplishment, and concurrently, our shareholders for their endurance and fascination with regards to the Firm. Specified our improving upon operational effectiveness and inventory selling price, this move generates the opportunity for the Corporation to have more visibility from a a great deal broader pool of traders and, in flip, amplified liquidity. With this in mind, we are now even far more thrilled about Williams’ important future advancement potential. At the exact same time, we recognize that this will only be realized by remaining accurate to our main values and correctly executing our strategic plan by way of unwavering discipline, enthusiasm and persistence.”
About Williams Industrial Solutions Group Williams Industrial Expert services Group Inc. has been securely serving to plant entrepreneurs and operators improve asset price for far more than 50 a long time. The Organization offers a wide vary of development, servicing and support products and services to clients in energy, electricity and industrial close markets. Williams’ mission is to be the most well-liked supplier of building, servicing, and specialty companies via determination to outstanding basic safety general performance, emphasis on innovation, and dedication to providing unsurpassed value to its clients. Further information can be discovered at www.wisgrp.com.
Ahead-looking Statement DisclaimerThis press launch includes “forward-searching statements” within just the which means of the expression set forth in the Private Securities Litigation Reform Act of 1995. The ahead-on the lookout statements consist of statements or expectations concerning the Company’s prepared listing on the NYSE American, and other linked matters. These statements mirror the Company’s current sights of long run situations and financial functionality and are issue to a selection of hazards and uncertainties, some of which have been, and may additional be, exacerbated by the COVID-19 pandemic, which include its skill to comply with the phrases of its credit card debt instruments and obtain letters of credit, capability to apply strategic initiatives, organization options, and liquidity strategies, and skill to manage productive inside control around monetary reporting and disclosure controls and treatments. Real results, overall performance or achievements may possibly vary materially from people expressed or implied in the forward-looking statements. Added threats and uncertainties that could result in or contribute to this kind of materials dissimilarities incorporate, but are not confined to, the Company’s amount of indebtedness the Company’s capability to make desire and principal payments on its debt and fulfill the money and other covenants contained in its credit amenities the Company’s ability to have interaction in specified transactions and activities thanks to constraints and covenants contained in its credit rating services the Company’s skill to enter into new lending amenities, if necessary, and to acquire sufficient surety bonding and letters of credit score the Company’s capacity to produce ample money resources to keep on funding operations, such as investments in operating funds essential to aid expansion-connected commitments that it makes to its prospects, and the risk that the Company incurs losses from functions in the long run exposure to sector risks from improvements in curiosity prices, including adjustments to or substitution of LIBOR the likelihood the Business may well be essential to generate-down additional amounts of goodwill and other indefinite-lived assets modifications in the Company’s senior administration and fiscal reporting and accounting teams, the skill of these folks to effectively carry out their roles, and the Company’s capability to draw in and keep qualified staff, proficient staff and essential officers a failure to correctly put into practice or realize the Company’s organization techniques, options and targets of administration, and liquidity, functioning and expansion initiatives and alternatives the loss of 1 or far more of the Company’s sizeable buyers the Company’s aggressive place market outlook and trends in the Company’s field, including the risk of minimized financial investment in, or improved regulation of, nuclear electricity vegetation and declines in community infrastructure building and reductions in authorities funding, like funding by state and regional companies expenses exceeding estimates the Business uses to established preset-value contracts hurt to the Company’s track record or profitability thanks to, amongst other things, interior operational issues, weak subcontractor performances or subcontractor insolvency prospective insolvency or monetary distress of 3rd get-togethers, including the Company’s consumers and suppliers the Company’s deal backlog and associated quantities to be identified as earnings the Company’s capacity to manage its safety document, the inherently perilous mother nature of the expert services it supplies, the risks of possible liability and adequacy of insurance policies alterations in the Company’s credit history profile and industry conditions affecting its associations with suppliers, sellers and subcontractors compliance with environmental, wellness, protection and other similar guidelines and laws expiration of the Cost-Anderson Act’s indemnification authority the Company’s anticipated economic condition, long run dollars flows, effects of operations and long term money and other expenses the effects of normal financial situations, like the current financial disruption and recession in the U.S. ensuing from the COVID-19 pandemic the impact of the COVID‑19 pandemic on revenues, expenses, uncollectible accounts, funds investment decision packages, income flows, liquidity, upkeep of existing assets, and other working fees the possible for additional COVID-19 scenarios to take place at the Company’s energetic or foreseeable future position websites, which perhaps could effects expense and labor availability details technologies vulnerabilities and cyberattacks on the Company’s networks the Company’s failure to comply with relevant rules and laws the Company’s participation in multiemployer pension designs the impact of any disruptions resulting from the expiration of collective bargaining agreements availability of uncooked supplies and inventories the affect of normal disasters and other severe catastrophic activities (these types of as the ongoing COVID-19 pandemic) long run income tax payments and utilization of net running reduction and overseas tax credit history carryforwards, which includes any effects relating to the Tax Cuts and Careers Act of 2017, the CARES Act or other tax adjustments long term compliance with orders of and agreements with regulatory businesses volatility of the current market price for the Company’s prevalent inventory and stockholders’ potential to resell their shares of the Company’s prevalent stock the Company’s potential to pay back income dividends in the potential the impression of potential offerings or profits of the Company’s popular inventory on the sector value of this kind of stock predicted results of authorized or regulatory proceedings and their expected results on the Company’s outcomes of operations, such as upcoming liabilities, expenses and expenses ensuing from the Koontz-Wagner bankruptcy filing and any other statements concerning potential advancement, foreseeable future funds wants, long term functions, company designs and long term economical results.
Other critical factors that may perhaps bring about true benefits to differ materially from those people expressed in the forward-wanting statements are talked over in the Company’s filings with the U.S. Securities and Trade Commission, such as the sections of the Annual Report on Form 10-K for its 2019 fiscal yr and subsequently filed Quarterly Studies on Sort 10-Q titled “Risk Components.” Any forward-hunting assertion speaks only as of the day of this push release. Other than as may be necessary by applicable law, the Enterprise undertakes no obligation to publicly update or revise any ahead-searching statements, whether as a result of new details, foreseeable future events or normally, and you are cautioned not to rely upon them unduly.
Investor Contact: Chris WittyDarrow Associates646-345-0998[email protected]
Source: Williams Industrial Services Team Inc.