August 8, 2022 -- InvestorsHub NewsWire -- OTC: ILUS, ILUS
International (Ilustrato Pictures International Inc.) Confirms the
Settlement of Two $500,000 Notes and Announces a Further $5.6
Million in Funding
NEW YORK, NY ILUS International Inc (OTC:
ILUS), ILUS is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. The company confirms the settlement of two of GPL
Ventures, LLC's (GPLV) Promissory Notes, each to the value of
$500,000. ILUS also confirmed that it has received a further $5.6
million in funding from RB Capital Partners, Inc. (RBCP) for its
next phase of acquisitions.
As previously registered in its disclosures, on the 6th of April 2021
and 28th of April 2021
respectively, ILUS issued two $ 500,000 Promissory Notes to GPLV to
fund acquisitions and further business expansion. ILUS is now
pleased to confirm that both notes have been settled through an
agreement reached between RBCP and GPLV.
Including the settlement of the GPLV notes, ILUS has received $4.5
million in funding from RBCP. The additional funding is being used
by the company for further expansion, including the completion of
agreed acquisitions. Furthermore, ILUS' majority owned entity,
Quality Industrial Corp. (OTCQB: QIND), has received $1.1 million
in funding from RBCP which has been used for a first tranche
payment for an in-progress acquisition. All funding obtained by
ILUS has and will continue to be documented in the company's
disclosures.
ILUS CEO, Nick Link, commented: "We are pleased to confirm the
removal of the GPL debt as well as the funding we have received
from RB Capital. With the good quality funding we have available to
us, we remain in a very strong position to complete our short and
medium-term objectives, including the closing of our next phase of
already agreed acquisitions. Our reliable financing partners are
fully supportive of our business and the ambitious growth strategy
which we have been delivering and will continue to deliver."
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 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: 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