OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Announces Its Strongest Quarterly Performance to Date
November 17 2021 - 10:02AM
InvestorsHub NewsWire
NEW YORK, NY -- November 17, 2021 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS) remains focused on its M&A strategy of acquiring and
growing global technology companies. The company has released its
third quarter of 2021 results which show that revenue is up, assets
are up and the company has achieved several significant growth
milestones.
Following its most recent filings which were submitted on 15
November 2021, ILUS reports that the company achieved third quarter
revenue of $3,135 million. This represents a 10% increase over the
second quarter revenue of $2,86 million and total revenue for the
first 3 quarters was $6,507 million. In addition to increased
revenue, ILUS reports that its third quarter gross profit was
$881,196 and gross profit for the first 3 quarters was $1,947
million. Due to global shipping delays, ILUS was not able to
invoice additional purchase orders received during Q3 which
amounted to over half a million dollars. Revenue from these
purchase orders will be automatically attributed to the fourth
quarter revenue for the company.
In addition to its increased revenue, ILUS reports that it has
strengthened its balance sheet with assets increasing to $ 26,9
million. The company remains in a strong position to execute the
deals on its radar, with the capability to increase deal size over
the coming weeks and months.
ILUS confirmed that as part of the first phase of its Share
Structure reorganization, the company reduced its outstanding
shares by 78 million to 1,143,530,699.
Additional 3rd quarter highlights for ILUS
included the completion of precontract agreements for the
acquisition of the company’s first three US acquisitions. Although
these are the first of many acquisitions in the United States for
ILUS, they represent the establishment of ILUS’ manufacturing and
distribution in the US market. The company announced its US roadmap
during Q2, which included the acquisition of US manufacturing
capability, routes to market and local market knowledge, and during
Q3, the company successfully delivered on the first phase of its
stated US roadmap. Upon completion of the transactions for the
first 3 US acquisitions, ILUS will be adding existing annual
revenue of more than $ 12 million to its books.
ILUS made a number of significant new hires during the third
quarter, including that of a new Sales Director, Global Marketing
Director, Senior Product Manager for Fixed Firefighting Systems and
a Senior Electric Vehicle Engineer. In total, ILUS made 59 new
hires during the quarter.
ILUS’ acquisitions were awarded a number of contracts too during
the third quarter. These include another contract awarded to the
company’s Q2 acquisition, BCD Fire, which also obtained a $ 1
million contract for the second phase of the Burj 2020 project in
Dubai, United Arab Emirates. Through BCD Fire, ILUS also launched
its Virtual Reality Training Platform in the Middle East Region for
Fire Extinguisher, CPR and Health and Safety Training. ILUS aims to
expand this program globally, including through upcoming
acquisitions across the United States. With ILUS analyzing a number
of future acquisition opportunities, the company also made
substantial progress in the IoT and Software sector and is due to
announce very significant partnerships and acquisitions in this
arena in the near future.
ILUS CEO, Nicolas Link, commented on the third quarter results
with the following: “We continue to deliver on our commitments and
I am incredibly proud of what the ILUS team has achieved. Our
acquisitions have continued their sales growth and exceeded product
development expectations. We are excited to begin manufacturing and
distribution in the US, through our own acquisitions, and we are in
a stronger position than ever to execute much larger deals which we
are already busy with. There are plenty of big things to come from
us at ILUS. In fact, what we have accomplished is quite
insignificant in comparison to what lies just around the corner.
Both the 4thquarter of 2021 and the
1stquarter of 2022 are poised to be the most exciting
yet for us. As always, we wish to thank our ILUS Family of
Shareholders for your ongoing support.”
For further information on the companies please see the ILUS
communication channels.
Website: https://ilus-group.com
Twitter : OTC_ILUS
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, in light of 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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