NEW YORK, NY -- November 29, 2021 -- InvestorsHub
NewsWire -- ILUS International Inc (OTC:
ILUS) remains focused on its M&A strategy of acquiring and
growing global technology companies. The company recently met with
some valued shareholders at scheduled “meet ups” in New York and
Las Vegas, where it provided an update on progress and upcoming
plans, including up list plans.
Following the announcement that the third quarter was ILUS’
strongest yet in terms of revenue achieved and acquisition
progress, the company confirmed that it is firmly on track and hard
at work to exceed its 2021 annual revenue target. In addition to 3
acquisitions closed in the first and second quarters of 2021, ILUS
agreed and signed pre-contract agreements with 3 US companies in
the third quarter, and confirmed that it is in the process of
adding several very exciting acquisitions during the fourth
quarter.
ILUS recently agreed and signed pre-contract terms for the
acquisition of a large group of four companies in the United
Kingdom, and will announce the details of this acquisition once its
attorneys give the green light to do so. Meanwhile, ILUS is in the
process of negotiating multiple US acquisitions in various states,
including Florida, California, Ohio, New York and Texas. The
company is also assessing several more large mergers and
acquisitions in the UK, Europe and Canada.
At its Shareholder meet ups, ILUS announced that it is working
on multiple large deals in Europe and the Middle East. One of these
large deals, known by many as the “astronomical EU deal”, was
confirmed by ILUS as being close to completion. The company
confirmed that the first phase of this acquisition will involve the
acquisition of the manufacturing facility for ILUS’ commercial
electric utility vehicles (UTVs) which will be sold through dealers
globally. The company clarified that the second, larger phase of
the acquisition will be announced early in 2022. The acquisition
forms part of a monumental government privatization deal where ILUS
will take over the existing manufacturing facilities. The
government is providing a substantial incentive to create and
sustain jobs, with 1,500+ already employed at the manufacturing
facilities. Furthermore, the deal will include manufacturing
contracts, with the benefit to the government that their country
will be known for the development, manufacture and global sale of
innovative electric vehicles, firefighting vehicles, ambulances and
military vehicles. ILUS confirmed that following a successful
period of negotiations with the relevant government authorities,
ILUS is the only company in the running to complete this deal and
there is no remaining competition for it. The final administrative
procedures are underway and ILUS is excited to announce the first
phase of the deal soon.
Recently, ILUS has made significant progress regarding the
European Unmanned Aerial Vehicle (UAV) partnership that it has
previously communicated. The company is now working on an exciting
deal with the European company, which will mean that ILUS will have
its own UAV technology for firefighting, rescue and other lucrative
applications. The range of UAVs are currently capable of carrying
up to 1,000 kg/2,204 lbs with a flight range of up to 200 km/124
miles. Performance figures for the entire range of UAVs, including
maximum flight altitude and top speed, are “light years” ahead of
any competition. The company also has existing contracts in place
with specialized government agencies and international
organizations that are household names. ILUS is working through
administrative details with the UAV company and hopes to announce
details of the very exciting deal in due course.
ILUS Managing Director, John-Paul Backwell, commented: “Our
current round of US and UK acquisitions will strengthen our
existing capability, speed up our expansion and potentially triple
our existing annual revenue projections for 2022. The EU deal and
numerous other deals far outweigh the US and UK acquisitions and
will add significant value to ILUS’ manufacturing and distribution
capability, product offering, and valuation as the company prepares
for up listing to NASDAQ. We are now also assessing and working on
several acquisitions, partnerships and joint ventures in the
software technology arena, especially in the fields of Artificial
Intelligence (AI), Internet of Things (IoT) and Augmented Reality
(AR). These software solutions will transform the Emergency
Response industry and we look forward to announcing our first deal
in this space very soon. We have ramped up our progress in the last
quarter and as a result, we will be making a number of
game-changing announcements over the coming weeks and months.”
In response to recent speculation about ILUS going the Spin Off
route in order to up list to NASDAQ, the company shed light on its
plans during its recent Shareholder Meet Ups. The videos shown
which summarize what was discussed are available on the ILUS
YouTube Channel, (and can be found at the links towards the end of
this Press Release). The company announced that ILUS International
is currently acquiring, improving and growing Public Safety
companies which each have disruptive technology and a unified
purpose within their particular sector. These companies are
currently grouped within ILUS and the company is constantly adding
multiple strategic acquisitions to compliment each group’s
capability, expansion and valuation.
ILUS confirmed that it is building a conglomerate, made up of
four groups of companies, although this will be expanded to five or
more groups in the future. The company discussed the possibility
that each of these groups, which are currently at various stages of
maturity, would have the potential to spin off and up list to
NASDAQ. In this scenario, ILUS itself would hold a significant
stake in each of the spin off companies which up list, thus
drastically increasing the ILUS Balance Sheet and ultimately adding
significant Shareholder value. Whilst this develops, ILUS would
continue to acquire, incubate and raise valuable assets which would
strategically slot into the relevant groups of companies for future
NASDAQ up listing. The process would repeat itself continuously,
with ILUS simultaneously growing in value and its Shareholders
benefitting accordingly. Through this process, it is highly likely
that through organic growth and the subsequent increase in share
price, ILUS itself would have the opportunity to up list to
NASDAQ.
ILUS confirmed that it is currently in discussions with multiple
companies which have revenues of over $100 million. The company
mentioned that it is looking to make a very large acquisition,
usually with revenues in the region of $100 million or more, with
each up listing. ILUS clarified that it is already in negotiations
with suitable options, some of which are global multinational
companies. The company stated that it plans to go to NASDAQ with
significant strength and certainly not as a “small fish in a big
pond.” In line with what has been mentioned previously, ILUS is
working on an impressive timeline for the first up listing and it
believes that the short timeframe from when the details of the
first up listing are announced through to completion will be
surprising for Shareholders and interested parties.
ILUS CEO, Nick Link, commented: “Our NASDAQ up listing plans are
already well underway and have been for some time now. We have a
team of attorneys and experts with a successful track record who
are working on it. We felt it would be best to deliver on the first
stages of our acquisition strategy before gradually discussing more
regarding our up listing progress. Ultimately, we will present the
full plan to our Shareholders at our Annual Shareholders Meeting in
January next year, but for now, we wanted to communicate that we
have a clear plan which is already in progress and we are working
with a team of experts to execute the plan. Neither we, nor the
team we are working with have a history of failure and we are
confident in our plan and that it will hugely benefit every ILUS
Shareholder and the industries that we serve. We will soon announce
the bank that we are working with for our first IPO and we will
also be announcing very important and strategic announcements to
our Board of Directors. Our focus is on delivery and when we put
something out in the public domain, it’s because we are 100%
confident that we will deliver.”
ILUS discussed how it is structuring its group of companies,
with each group serving a specific industry and containing
strategically aligned companies. Building on its previously
communicated triple pronged acquisition strategy of acquiring
manufacturing capability, routes to market and significant
technological advancements, ILUS has already acquired and is in the
process of acquiring several companies in the Emergency Response
Technology sector. This sector primarily involves the manufacture,
supply and support of equipment, vehicles, specialized technology
and software for use by first responders and the organizations that
support them. In this sector, ILUS has already acquired FireBug,
which manufactures innovative and patented firefighting equipment
and vehicles. Adding to this, the company has agreed and signed
pre-contract terms with Precision Powered Products in Texas,
Bullhead Products in Kodak, Tennessee and a significant
firefighting equipment distributor in the Atlanta, Georgia area.
The soon to be announced UK acquisition, multiple distribution
acquisitions and technology advancement acquisitions which are
currently in progress, will all form part of this Emergency
Response Technology group of companies within ILUS. This group has
been growing rapidly within ILUS and is delivering in terms of
revenue, therefore it has the earliest potential for spin off and
up listing to NASDAQ, in conjunction with the aforementioned $
100m+ revenue acquisition/s which ILUS is already in discussions
with. It is important to note that ILUS is adding and will continue
to add advanced technology to each group and this will include
disruptive software with Artificial Intelligence (AI), wearable
technology and IoT technology which will improve efficiencies and
emergency response times and most importantly, make first
responders safer whilst enabling them to save more lives.
Simultaneously, ILUS has also been building a Life Safety
Systems group of companies which includes innovative technology in
the Fixed Firefighting Systems sector (for electric vehicles,
kitchens, transformers, mining etc.) and in the Fire Protection
sector (fire detection and alarm systems, extinguishing systems,
smoke extraction and evacuation systems, health and safety
technology etc.). In this space, ILUS has already acquired BCD Fire
in the Middle East, a company which has recently been awarded a
number of significant contracts and now employs over 60 staff. ILUS
is in the process of finalizing its first of many US acquisitions
for this group in the state of Florida – a company which holds
significant contracts in the Orlando area and also with
international Hotel and Restaurant chains. ILUS is also assessing
impressive acquisition opportunities in the UK for this group and
has had early stage conversations with a global acquisition
opportunity which would form part of an eventual up listing, should
this be the process that ILUS chooses to follow.
ILUS also owns and produces a commercial electric utility
vehicle (E-UTV), known as the E-Raptor. This vehicle already leads
the E-UTV sector in terms of performance, range and load carrying
capability and ILUS is already expanding the range to include
several variations of the current vehicle. Having gained experience
and achieved relative success in this space, ILUS is building a
third group of companies in the Renewable and Sustainable Energy
Technology sector. ILUS will soon be bringing a very significant
asset into this group, which it plans to potentially announce
before the end of this year. In addition, the company is assessing
a number of mergers and acquisitions in the Electric Vehicle (EV),
Solar Energy and Renewable Energy sectors. Some of the discussions
taking place involve companies that are poised for exponential
growth on the global stage with technology that will completely
transform the energy sector.
ILUS would benefit from being able to leverage and cross
pollinate technologies, skills, intellectual property and much more
across all the groups of companies. For example, electric vehicles
will be manufactured at an ILUS factory in Europe, assembled at an
ILUS factory in the US and distributed through an ILUS distributor
in the US for use by fire brigades as a rapid response vehicle with
firefighting capability designed by FireBug. This is one of many
examples.
Nick Link, CEO of ILUS, concluded with the following: “We aim to
become a global conglomerate like Berkshire Hathaway for example,
with the only difference being that we plan to truly modernize,
disrupt and dominate every industry we step into, always
remembering that we wish to benefit the communities, families and
individuals that are affected by our technology. In all of this, we
are focused on deals which benefit our Shareholders and give them
the best possible outcome from every scenario we are presented
with. I am confident that we are moving in the direction that will
deliver both maximum growth and maximum Shareholder value. We look
forward to making a number of very exciting announcements over the
coming weeks and months that will lead to, amongst other things,
exponential growth, increased effectiveness and delivery of our
technology to those who need it most, and our first up listing. It
is an exciting time but we are keeping our heads down and focused
on delivery. As always, we wish to thank our ILUS Family of
Shareholders for your ongoing support.”
Video Links:
· ILUS CEO NASDAQ Up Listing
Plans Update: https://youtu.be/aFpTe6qGdL0
· ILUS Shareholder Meet Up
video – Acquisitions, Performance and Up Listing: https://youtu.be/JXwCLqhltfA
For further information on the companies please see the ILUS
communication channels.
Website: https://ilus-group.com
Twitter : OTC_ILUS
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
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contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
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undertakes no obligation to update forward-looking statements if
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