Moving iMage acquires QSC's USL accessibility products for up to $1.5M; appoints new auditor

MOVING iMAGE TECHNOLOGIES INC.

Acquired QSC's USL infrared assistive listening and closed caption devices for cinema patrons for up to $1.5M (inventory-adjusted price).
MiT will assume sales, distribution, manufacturing, and IP of USL products; QSC stops orders by May 13, 2022.
Appointed Haskell & White LLP as independent auditor for fiscal 2022, replacing prior auditor.
No prior consultations or disagreements with Haskell & White on accounting principles.
Upcoming MiTranslator AR subscription service for non-English speakers mentioned as related strategy.

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