NEW YORK, NY -- October 13, 2021 -- 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. The company has already completed four
acquisitions in 2021, with full details on the fifth in Georgia
being announced once both attorneys have completed contracts,
following the Heads of Terms which have already been signed, as per
the recent press release for ILUS’ first US acquisition which
cannot be named until all its employees have been notified. ILUS
has now acquired Bull Head Products Inc, a specialist aluminium
truck bed manufacturer and vehicle converter with customers across
the United States in multiple sectors, including wildland
firefighting and rapid response fire and rescue. ILUS is also in
the process of acquiring several more companies in the United
States, Europe, and the United Kingdom over the coming
quarters.
Bull Head Products Inc is a leading designer, manufacturer and
installer of specialist truck beds, vehicle bodies and vehicle
conversion solutions. ILUS has agreed the acquisition of Bull Head
Products Inc for an undisclosed cash amount and a small amount of
restricted shares. This acquisition is the smallest of ILUS’
current round of US acquisitions; however, it is of significant
strategic importance for ILUS’ manufacturing in the United States,
and it presents enormous growth potential. In addition to growing
its already profitable existing business, the primary reason for
acquiring Bull Head Products is the establishment of the company as
ILUS’ US manufacturer of FireBug’s rapid response firefighting and
rescue vehicles, the E-Raptor range of commercial electric utility
vehicles and the manufacture of ILUS’ lightweight plastic vehicle
bodies for fire and rescue. In a move that is expected to quadruple
Bull Head Product’s revenue, the products from both FireBug and the
in-progress Georgia acquisition will be sold via Bull Head Products
Inc. Simultaneously, the products manufactured by Bull Head
Products will allow the Georgian distributor, once the attorneys
have completed contracts, to sell Bull Head Products’ firefighting
vehicles, which will include FireBug’s innovative firefighting
technology, across the US. In addition to the firefighting vehicle
manufacturing capability gained through this acquisition, ILUS is
also in the final stages of acquiring manufacturing capability in
Texas for its specialized firefighting pumps and equipment, with
this deal at conclusion stage.
ILUS’ triple pronged acquisition strategy has been to acquire
manufacturing capability, technology enhancements and market
knowledge for the design, manufacturing, distribution, sales, and
support of its existing and future products in the US. ILUS is
looking to acquire highly specialized technology companies to allow
development of its IoT strategy for a fast and successful route to
Nasdaq.
ILUS already has these manufacturing, distribution, sales, and
support capabilities in the United Kingdom and Middle East, and now
it is in the process of acquiring large scale manufacturing
capability in Europe. The company has already gained US
distribution and maintenance capability through the acquisition of
a profitable Georgia-based firefighting and EMS equipment
distributor, following the signed Heads of Terms, which holds
several exclusive distribution contracts and generates over $3
million in annual revenue. This Georgia distributor has sold to
hundreds of fire and rescue customers but has never before been in
a position to sell wildland firefighting vehicles or pumps, which
can now be added to its product portfolio and sold to its large
base of existing customers. Equally, Bull Head Products Inc has a
lot of fire and rescue customers but has not been able to offer
fire and rescue products that are seen in the Georgia distributor’s
range. This will allow cross-pollination of both customers and
products.
Bull Head Products also holds incredible design expertise and
manufacturing skills, which ILUS plans to upscale to achieve its
strategic goals. ILUS plans to follow up this vehicle manufacturing
acquisition with the pump and equipment manufacturing acquisition
in Texas. Following this, ILUS then aims to complete on the
execution of its immediate strategy with the acquisition of fixed
firefighting system manufacturing, distribution, and installation
capability in Florida. This would provide the route to market for
ILUS’ revolutionary fixed system technology that combats battery
fires and kitchen fires.
Bull Head Products Inc was established in 2004 and its truck
beds are widely renowned as the industry benchmark for quality,
appearance, and durability. The company designs and manufactures a
broad range of aluminium truck beds and bodies. These include flat
beds, firefighting brush trucks for wildland firefighting and rapid
response, commercial truck beds and bodies, dump beds, medium and
heavy-duty beds, crane beds, RV beds and custom beds. Unlike its
competitors, the company uses 100% aluminium construction and does
not use steel subframes which are prone to rust. In addition to the
industry leading product quality, the innovative design and
manufacturing methods used by Bull Head Products are particularly
important to the ILUS manufacturing strategy in the US. The
in-house experience and capability of Bull Head will prove
extremely valuable to ILUS, as it embarks on the manufacturing of
its rapid intervention firefighting and rescue vehicles in the
United States. The extensive list of valuable equipment owned by
the company such as CNC routers, aluminium cutting, bending, and
welding machinery, overhead cranes, hoists, and much more is all
strategically important for ILUS.
Bull Head Products currently operates from its 8,000 square foot
facility in Kodak, Tennessee, where it has reached its maximum
output and immediately requires a larger facility to increase this
and resulting revenue. Current production is 12 vehicles per month
with a lead time of 16 weeks. ILUS is already in the process of
inspecting 15-20,000 square foot facility options in the Kodak area
to significantly increase output for a large upcoming Mississippi
contract, which ILUS is supporting Bull Head to obtain, in addition
to doubling the current production and reducing the lead time to
8-10 weeks. ILUS will be retaining all existing staff whilst
employing a new Sales Manager, Vehicle Designer, Production/Factory
Floor Manager and 6 additional Factory Floor Workers. Bull Head
Products currently generates over $1 million in annual revenue,
despite having no outbound sales function in place, relying solely
on referral business and inquiries from website visitors. The
website itself will be given a major update in the short term. ILUS
believes it will increase annual revenue for Bull Head’s existing
products to beyond $5 million in 2022, excluding the additional
revenue to come from the sale of ILUS’ rapid response vehicles that
will be manufactured by the company in Tennessee and distributed
across the US.
Although Bull Head Products currently services customers across
the US and has supplied customers internationally, additional
immediate plans for ILUS will be to promote the current products to
truck dealers such as Ford, Dodge and GMC where there has been
interest in the past, but not enough manufacturing capacity to
fulfil additional stock orders. Bull Head Products has also
received numerous distribution inquiries from around the US which
it has not moved forward with due its order books being full. With
increased manufacturing capacity, the company will appoint
distributors for its current products throughout the US.
ILUS Managing Director, John-Paul Backwell, said the following:
“We are excited to announce this US acquisition, although we are
completing further acquisitions with more announcements to follow
soon. Historically, Bull Head Products has not been sales focused
as the previous ownership was satisfied with its full order books
and the profit the company had been making. We intend to transform
the growth potential of Bull Head Products with an aggressive sales
and marketing strategy, innovative designs, new additional
products, and increased manufacturing capacity. We will do this
whilst keeping the company’s strong reputation for quality and
reliability firmly in place. We are already in the process of
negotiating a Bull Head deal with a company in Mississippi which,
if successful, will result in a first phase order of $1.1 million.
Previously, Bull Head Products Inc did not have the infrastructure
and ability to complete this contract. Bull Head Products will
expand nationwide through a network of newly appointed distributors
who will service local truck dealers where there is already
substantial demand for their aluminium products.”
Nick Link, CEO of ILUS, commented: “The primary purpose of this
acquisition and the reason we are so excited about it is because it
begins the manufacturing of FireBug’s rapid response vehicles,
plastic bodies, and the E-Raptor range of commercial electric
utility vehicles for our US customers. This is a momentous occasion
for ILUS and its Shareholders. The new Bull Head Products facility
will also be home to our US vehicle R&D department. The
location in Tennessee presents significant strategic potential for
ILUS as it is only a 3-hour drive from our recently announced
distributor in Georgia, who will be responsible for rapid response
vehicles and electric UTVs that will be manufactured in Tennessee,
once the attorneys have completed contracts for this
acquisition. Tennessee will soon be home to Ford’s new electric
truck manufacturing plant so there is a lot more strategic
significance to what we are doing than what will initially be
perceived. This is an exciting time for ILUS as we have just closed
out our strongest quarter yet in terms of revenue, we are very
close to concluding more acquisitions in the US and globally, and
we are firmly on track to reach our 2021 targets.”
For further information on the companies, please see their
communication channels:
Website:https://ilus-group.com
Twitter: OTC_ILUS
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 Aug 2024 to Sep 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Sep 2023 to Sep 2024