NEW YORK, NY -- August 30, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. To become fully reporting, the company has
undergone audits of its 2020 and 2021 financials. With the
completion of these audits, ILUS is preparing filing of its Form
10-12G Registration Statement with the U.S. Securities and Exchange
Commission (the "SEC"), for submission during September 2022.
"We are excited to announce that our 2020 and 2021 financials
are now audited. As part of our ongoing commitment towards
transparency and accountability, we will be a fully SEC reporting
company once the Form 10-12G Registration Statement is filed and
effective," said ILUS Managing Director, John-Paul
Backwell.
Following the effective date of the Form 10-12G, the Company
will be subject to the reporting requirements of the SEC. This
means the Company will be begin filing annual reports with the SEC
on Form 10-K, quarterly reports on Form 10-Q, periodic reports on
Form 8-K, and subject itself to additional reporting obligations
related to proxies, shareholder actions and stock ownership
rules.
The Form 10-12G filing provides investors with detailed and
audited information about the Company's operations, including an
overview of the business strategies, risk factors, and financial
statements. The ongoing obligation to file timely reports with the
SEC will help the Company's current and potential new investors
make more informed and educated investment decisions about the
Company.
Following the Form 10-12G effectiveness, which will
have automatic effect 60 days after submission to the SEC, the
company plans to change its registered name and apply to OTC
Markets to up list from the OTC Pink Market to the OTCQB.
As per the company’s originally stated milestones, plans for an
ILUS up list to the OTCQB are running concurrently to plans for its
Emergency Response Technologies subsidiary to up list to a major
stock exchange such as NASDAQ or the NYSE.
ILUS CEO, Nick Link, commented: “Since taking over from the
previous management in January 2021, we knew it would be an
enormous task for ILUS to complete a two-year audit considering
that the audit would include a full year during which we did not
yet manage the business. The audit also covered five companies in
2021 and therefore it was certainly no small task. Regardless, our
team has made an immense effort to supply our auditors with their
required information and we are incredibly proud of the progress
made as a result. We now look forward to completing the next steps
in the process towards ILUS becoming a fully reporting entity at
the same time as we work towards completion of our largest
acquisition and fulfilment of several important subsidiary
milestones.”
With ILUS’ two-year audit being completed within the
communicated timeframe, the company’s PCAOB registered auditors,
Pipara & Co. LLP., will now complete their review of the
company’s first quarter of 2022 financials. The auditors have
already reviewed and verified ILUS’ second quarter financials,
which included a 553% increase over the previous quarter, to $
19,677,222. A letter from the auditor confirming their review of
ILUS’ second quarter of 2022 financials can be found by clicking on
the following link or copying and pasting it into your
browser: https://data-room.center/Data/ILUS/Letters/ILUSQ22022AuditorsReviewReport.pdf
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Contact:
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers
sessions, public conference calls and webcastsalso may take
time from time to time. We use these channels as well as social
media to communicate with the public about our company, our
services, and other issues. It is possible that the information we
post on social media could be deemed to be material information.
Therefore, considering the SEC's guidance, we encourage investors,
the media, and others interested in our company to review the
information we post on the following social & media
channels:
website: https://ilus-group.com Twitter:
OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Apr 2023 to Apr 2024