Welcome to our dedicated page for Mogul Energy Intl news (Ticker: MGUY), a resource for investors and traders seeking the latest updates and insights on Mogul Energy Intl stock.
Mogul Energy International, Inc. (MGUY) is a Houston-based energy transportation specialist operating producing oil and gas assets in South Texas. This news hub provides investors with timely updates on operational developments, including recent initiatives like the company's acquisition of 40 modern trucks to enhance efficiency and reduce environmental impact.
Access consolidated updates on Mogul's exploration activities, fleet modernization efforts, and sustainability commitments. Key coverage areas: operational expansions, equipment upgrades, safety improvements, and strategic partnerships. All content is vetted for accuracy and relevance to stakeholder decision-making.
Bookmark this page for direct access to official press releases and objective reporting on MGUY's progress in energy transportation. Monitor how the company balances growth objectives with environmental responsibility through verifiable operational updates.
Mogul Energy International, Inc. (OTC PINK: MGUY) has engaged Turner Stone & Company LLP as its independent accounting firm and PCAOB Auditor, marking a significant step towards enhancing transparency and accountability for shareholders. This partnership aims to audit Mogul Energy's financial statements for 2021 and 2022, leveraging Turner Stone's 30 years of industry experience. The engagement adheres to PCAOB standards, ensuring the accuracy and reliability of financial reporting. CEO Ronen Koubi emphasized that this move will boost market position and trust with investors, affirming the company's commitment to high financial reporting standards. Mogul Energy provides transportation and logistics services focusing on time-sensitive cargo.
Mogul Energy International (OTC PINK: MGUY) provided a corporate update focusing on its growth strategy for 2023. Following the acquisition of the Flora group, MGUY aims to strengthen its position in refrigerated transport and logistics. The perishable goods transportation market is projected to grow significantly, with a forecasted CAGR of 7.22% by 2026. MGUY targets revenue of $185 million by 2025 while improving profitability. The company plans to enhance operations and seek additional acquisitions to expand its customer base. To secure future growth, MGUY will focus on financing, relationship-building, and leveraging data from COVID-19 for operational improvements.
Mogul Energy International, Inc. (OTC: MGUY) has acquired the FLORA group of companies, which includes Florida Beauty Flora, Floral Logistics of California, and Tempest Transportation. This acquisition enhances MGUY's refrigerated trucking and logistics capabilities, targeting the floral and food industries. Ronen Koubi has taken over as CEO after the merger through a reverse triangular merger, exchanging 10,000 preferred shares and 350 million common shares for FLORA's 100% ownership. The company anticipates revenue growth from $70 million in 2022 to $185 million by 2025, and EBITDA growth from $3.6 million to $8.1 million.
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