ILUS Confirms Planned Milestone Announcements for September 2022
September 09 2022 - 8:23AM
InvestorsHub NewsWire
New York, NY -- September 9, 2022 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology and
manufacturing-based companies across the globe. Given the
substantial progress that has been made by the company in the third
quarter, it recently confirmed that it will be making important
announcements on the following milestones during the month of
September 2022:
- Filing of its Form 10-12G Registration Statement with the U.S.
Securities and Exchange Commission (the "SEC")
- Investment Bank which the company is working with to complete
its first planned subsidiary up list to a major stock
exchange
- Announcement regarding planned Share lock-up and Share
buy-back
- First site which the company is acquiring in Serbia and details
on the Investment Project and its incentives
- $100m Revenue acquisition by the company’s industrial
subsidiary, Quality Industrial Corp. (OTCQB: QIND)
- Further acquisitions which are in their final stages
In order to become fully reporting, change its name, and up list
to the OTCQB, ILUS underwent the audit of its 2020 and 2021
financials, the completion of which was announced on the
30thof August 2022. ILUS is now in the
final stages of preparing its Form 10-12G Registration Statement,
which it expects to file during September 2022.
ILUS has been in talks with a major investment bank regarding
the planned up-list of a subsidiary to a major stock exchange.
During this month, the company will make an announcement confirming
the investment bank and its associated plans. Linked to the
investment bank confirmation, ILUS will make an announcement
regarding its planned Share lock-up and Share buy-back.
Since its first Investment Project in Serbia has been approved
by the government and the property purchase agreed with the Seller,
ILUS will be announcing the first project launch this month, with
details of the property, deal incentives and benefits.
ILUS’ industrial subsidiary, Quality Industrial Corp. is in the
final stages of completing the acquisition of a $100m+ revenue
process manufacturing company headquartered in the United Arab
Emirates. The subsidiary has already signed a binding agreement
with the acquisition target, paid the first agreed payment of $1
million and both parties are now working through the final
documentation for their anticipated deal completion and
announcement during September 2022. Simultaneously, ILUS’ emergency
response subsidiary, Emergency Response Technologies, is working
through the completion of four acquisitions.
ILUS Managing Director, John-Paul Backwell, commented: “We
expect to reach several phenomenal milestones over the coming
months and our September milestones form an important step towards
an outstanding fourth quarter which should contain even more
stunning results and announcements.”
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.
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