NEW YORK, NY -- September 26, 2022 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing public safety and industrial companies across
the globe. Following decisive meetings with the Development Agency
of Serbia and City of Cacak Municipality, the subsidies for
the first ILUS investment project in Serbia have been secured and
the mobilization plan finalized.
“Our city is proud to welcome ILUS International for a long-term
partnership which is creating thousands of jobs over the next ten
years and strengthening the economy in our region. We are pleased
that such innovative products will be manufactured in our region by
our local people and exported to all parts of the world,” said
Mayor of Cacak, Milun Todorovic.
For its first investment project in Serbia, ILUS has secured
upwards of $8 million in government subsidies for ILUS EV
Technologies. A further five planned investment projects are
included in the company’s approved Phase One business plan for the
region, each resulting in their own substantial government
subsidies.
As part of the planned Phase One rollout in Serbia, ILUS has
secured a large site on the outskirts of Cacak and also has the
option to secure manufacturing facilities in Kragujevac and
Jagodina. The planned Phase Two project is considered by ILUS as a
separate project entirely, involving the privatization of a large
government site.
ILUS is now preparing for its machinery and equipment to arrive
in Serbia. This will include setting up the production lines for
E-Raptor commercial electric utility vehicle manufacturing and OEM
manufacturing. Simultaneously, ILUS’ urban mining company, Replay
Solutions, will be shipping its plant machinery to Serbia as part
of another investment project which will be announced separately.
This alone is a substantial undertaking as the list of heavy
machinery includes a PCB (Printed Circuit Board) Crusher and
Shredder, Electrostatic Separator, Airflow Separator, Pulse Dust
Collector, Chemical Refining equipment and Copper Wire Recycling
System. Serbia is also expected to be ILUS’ main production hub for
vehicles and equipment outside of the United States. The planned
investment projects are expected to boost the economy of the region
and provide significant revenue for the ILUS subsidiaries, whilst
creating employment for hundreds of Serbians over the next
three years and thousands over the next five to ten
years.
“We are pleased to confirm commencement of our first of several
projects in Serbia, whereby we have secured extraordinary benefits
to boost our global manufacturing capability. Indeed, further sites
are being discussed with the Serbian government and huge contracts
are being negotiated for our subsidiaries in Southern and Eastern
Europe, such as the Serbian governments need to replace more than
300 firefighting vehicles so that they meet EURO 6 emissions
regulations. Our mobilization in Serbia forms part of our
greater conglomerate plan to control large scale manufacturing
capability in the United States, Europe, and the Middle East,” said
ILUS Managing Director, John-Paul Backwell.
The Serbian city of Cacakis widely regarded as a European
innovation hub and was originally chosen by ILUS for its first
phase of European production because of its support for
manufacturing companies as well as its excellent geographic
position with efficient connection to the rest of Europe. Serbia
has an attractive automotive and industrial manufacturing industry
with highly regarded free zones and government incentives. Many of
the world’s largest vehicle brands and automotive industry
suppliers have manufacturing facilities in Serbia. Serbia’s low
construction, labour, and energy costs compared with other European
countries, combined with its pan-European highway network, has led
many global conglomerates to have major operations in the
country.
“We have formed a favourable and long-term partnership with the
Serbian government which gives us the large-scale manufacturing
capability that we require for our existing operating companies and
for our planned acquisitions which range across the emergency
response, defense, and renewable energy sectors. This is only the
first project with much larger deals on the horizon in the region.
I am proud of what our team has achieved and what this means for
the ILUS conglomerate we are building,” said ILUS CEO, Nick
Link.
For further information on the companies please see the ILUS
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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