ILUS Plans Emergency Response and Industrial Subsidiary Spin Outs and Stock Dividend for Shareholders
July 21 2023 - 1:41PM
InvestorsHub NewsWire
NEW YORK, NY -- July 21, 2023 -- InvestorsHub NewsWire
-- ILUS International Inc. (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing companies in the public safety, industrial,
defense and renewable sectors. Following its recent Capital Markets
Advisor appointment, the company has finalized plans to spin out
its Quality Industrial Corp. and Emergency Response Technologies
subsidiaries and pay special equity dividends to ILUS Shareholders
of record.
ILUS owns 67.8% of its publicly listed Industrial subsidiary,
Quality Industrial Corp. (QIND). The subsidiary is planning an
offering of approximately $7 million with an NYSE American
uplisting. Following QIND’s NYSE American uplisting, ILUS intends
to pay a special equity dividend in the form of QIND stock to ILUS
Shareholders of record. It is planned for the special equity
dividend to be paid from a portion of the QIND stock already owned
by ILUS, causing no dilution within QIND itself. There can be no
assurance to the timing or whether the company will be able to
successfully complete the offering and NYSE American uplisting.
ILUS currently owns 100% of the 100,000,000 authorized shares of
Emergency Response Technologies Inc. (ERT), a Delaware registered
private company. The company plans to spin out several of its
existing aligned companies into ERT and intends to complete further
acquisitions by ERT. ILUS plans to pay a special equity dividend in
the form of ERT stock to ILUS Shareholders of record. ERT intends
to complete its targeted acquisitions followed by a public offering
and listing on a National Stock Exchange. There can be no assurance
to the timing or whether the company will be able to successfully
complete the public offering and listing on a National Stock
Exchange.
Regarding the aforementioned special equity dividends, ILUS
plans to release further details including the record date for
Shareholders as and when appropriate.
For further information on ILUS, please see its communication
channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
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 webcasts also 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: ILUS_INTL
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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