SMG Industries Inc. appointed Tim Barnhart as CFO, his dedication lies in fostering fiscal discipline, capitalizing on operational efficiencies, and cultivating a culture of continuous improvement. Leveraging the expertise of the outstanding team at SMG Industries, the company aims to establish a robust financial foundation, implement cost-saving measures, and capitalize on attractive growth opportunities within the transportation and logistics industry. Tim Barnhart, the experienced leaders behind Barnhart Transportation, bring a wealth of experience, expertise and leadership to SMGI.

Over the past two decades, he has successfully diversified the company's footprint to meet evolving customer needs. His commitment to operational excellence and financial prudence has established a foundation of fiscal responsibility and sustainability. In connection with the Closing disclosed above in Item 1.01, effective July 7, 2023, Matthew C. Flemming stepped down as Interim Chief Financial Officer.