NEW YORK, NY -- February 22, 2022 -- 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 recently held its first quarter board
and management team meetings in Dubai, UAE from the
14th to 18th of February. Following
these constructive strategic meetings, the company has chosen to
update its Shareholders and Interested parties on current progress,
short-term deliverables, and upcoming plans.
In terms of progress, ILUS has concluded its first round of
manufacturing and distribution acquisitions, with one still to be
announced that the market is aware of. This will be done once the
acquisition has completed additional documentation and notified its
employees. In addition to the completed acquisition of required US
manufacturing and distribution capability, ILUS also acquired the
ground-breaking innovative technology businesses, Vira Drones and
KurveXR. Furthermore, ILUS has received approval for the go-ahead
of its first phase deal in Southeastern Europe, which it will
announce soon. With several government departments involved, ILUS
is reliant on each to complete their administrative processes
before it can announce the full details of the deal, which includes
substantial government subsidies and incentives.
In addition to completing its first phase of acquisitions, ILUS
has successfully raised $15 million in funding to develop and drive
these businesses forward. This includes funding for further
business optimization and for ILUS’ next round of acquisitions
which have been progressing behind the scenes for many months
already. ILUS remains in a very strong position to exceed its
revenue targets for 2022 and deliver on key milestones during the
year which it has previously communicated to its
Shareholders.
After reviewing its shortlisted acquisition targets, the ILUS
board has agreed the next round of acquisitions, many of which have
already gone through their second rounds of due diligence. With a
more streamlined process being implemented, the ILUS acquisition
team will now be working hard to see these targeted deals through
to completion. With an extensive acquisition pipeline, the board is
targeting 2-3 completed acquisitions per quarter and it has
subsequently approved further expansion of the acquisition team to
ensure delivery of this target.
In line with previously communicated milestones for 2022, ILUS
has already started the process of getting its acquired companies
audited. These audits are important not only for ILUS to become
fully reporting, but also for several valuations which are due to
take place over the coming months.
During last week’s meetings, the ILUS board also approved the
hiring of numerous important recruits to support the management and
growth of its latest acquisitions and in preparation for the next
phase. ILUS will be adding 25 key members of staff to its team over
the next six months, excluding the 300 it plans to add in
Southeastern Europe. In addition to the planned opening of its new
US headquarters in Boca Raton, USA, ILUS will also be moving its
administration, finance, operations, sales, and marketing teams
into a new office in Dubai, UAE, with the Dubai offices capable of
supporting up to 90 team members. The office in Boca Raton, which
is in the process of being fitted out, will support 10 team members
which ILUS is already in the process of hiring. The ILUS
manufacturing facility in Dubai, UAE which is currently utilized by
its acquisitions FireBug, The Vehicle Converters and BCD Fire, will
now have additional space available as required for their growing
order intake and planned projects.
ILUS is currently in the process of setting up the legal
entities for its subsidiary companies, including the previously
mentioned Emergency Response Technologies (ERT) business, which
will be a Delaware, US corporation. The company is also registering
a further five Delaware entities, including for the likes of Vira
Drones. These companies should be found on public records in the
coming days and weeks. Following on from previously announced
plans, ILUS is focused on growing ERT aggressively with further
acquisitions to be added over the coming months, including the
execution of a very large acquisition in the US. Both ERT and Vira
Drones are integral to the delivery of very significant ILUS
milestones over the coming months. ILUS is creating these legal
entity subsidiary companies to allow the consolidation of the
assets which it has already acquired and will be acquiring to meet
its strategic objectives.
ILUS announced last week that recent acquisition, Vira Drones,
is in discussions regarding pre-orders for its rescue drones. This
follows several meetings held by Vira Drones with customers and
partners since its acquisition by ILUS. Last week, ILUS
successfully mapped out the strategic objectives and rollout plans
for Vira Drones, including their production, marketing, and
exhibition plans. With the ILUS board agreeing that Vira Drones
holds massive growth and valuation potential, it has identified and
is further identifying potential technology acquisitions for Vira
Drones itself. The goal of these acquisitions is to acquire
advanced technological and engineering capability which will
rapidly accelerate the delivery of ILUS’ strategic objectives for
Vira Drones.
ILUS will be exhibiting some of its current products at FDIC in
Indianapolis, US from the 25th to
30th of April 2022. The company will also exhibit
at Interschutz in Hannover, Germany from the
20th to 25th June 2022, where Vira
Drones will showcase its rescue and logistics drones.
ILUS plans to reveal an extensive range of revolutionary
wildland firefighting products and solutions at several exhibitions
in the US during 2022, following successful completion of a
significant acquisition which it is in promising discussions with.
ILUS has been working on the acquisition of an impressive range of
wildland firefighting equipment, which the company is hoping to
have on sale during the early part of the rapidly approaching
wildfire season. ILUS will add substantial revenue through this
acquisition, whose products will be sold through its extensive
network of existing distributors in the US and globally, as well as
through ILUS’ recent acquisition, Georgia Fire and Rescue Supply.
ILUS is also in discussions with several more potential US
distribution acquisitions to further accelerate its expansion and
strengthen its position in the US fire and rescue market.
ILUS Managing Director, John-Paul Backwell, commented:
“Following an intense and successful week of meetings, we are more
confident than ever that we have the strategy in place and the
means to deliver on our next phase of acquisitions which will give
us a massive leap forward in terms of both technology and revenue.
We are already implementing the next steps for delivering the plans
which were communicated at our Annual Shareholders Meeting. We are
limited in terms of what we can say, but it’s very exciting to see
it all coming together and we look forward to the day where we can
reveal the whole picture to our long-term Shareholders and those
who have been following our journey.”
For further information on the companies, please see their
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
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
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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
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OTC_ILUS
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