OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat
February 28 2022 - 11:50AM
InvestorsHub NewsWire
NEW YORK, NY -- February 28, 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. With global tension at its highest levels in
recent times because of Russia’s invasion of Ukraine, ILUS has
chosen to provide a general update for its Shareholders and
interested parties. The company is in a very strong position due to
its current and growing technology portfolio for the emergency
response, disaster management and defense sectors as well as its
key locations and government relationships in Europe and the Middle
East. As a result of this and additional new acquisitions which are
in negotiation, ILUS is confident that its current rapid growth
rate should continue and even accelerate over the coming
quarters.
“Current heightened tensions and conflict present an enormous
opportunity for ILUS to seize the moment. We are incredibly well
positioned to capitalize on increased defense spending with our
products and solutions, our manufacturing facilities, our extensive
list of government contacts and our funding. Some the contract
discussions are monumental for ILUS, which is why we believe it is
important to keep our Shareholders and interested parties updated.
We know we need to move fast as we believe we can harness a great
deal of business in the short-medium term,” said Nick Link, CEO of
ILUS.
The ILUS group of companies primarily manufacture and distribute
equipment and vehicles for the emergency response industry.
Additional technology acquisitions have also been made to
supplement the company’s innovation strategy. ILUS acquisition
FireBug has several customers in the defense sector as well as
international organizations such as the United Nations and UNICEF.
Another acquisition, The Vehicle Converters (TVC), which has
previously supplied US army bases in the Middle East, converts a
wide range of vehicles including armored ambulances, military
transporters, and logistics vehicles. Over the last fifteen years,
TVC has gained extensive experience converting and supplying light
military vehicles in the Middle East. In addition, because of its
partnership with Milanion, a manufacturer of unmanned vehicle
systems primarily for the military, ILUS is already in discussions
for several large opportunities. Recent ILUS acquisitions KurveXR
and Vira Drones are also developing defense solutions following
request by governments and military organizations.
ILUS wishes to confirm that its soon to be announced new
manufacturing facilities in Southeastern Europe are not negatively
impacted by the conflict in Ukraine. The country has remained
politically neutral and ILUS does not foresee it changing this
position. The manufacturing facilities are in a country which does
not neighbor Ukraine or Russia, however the production capabilities
and location of the facilities, combined with the escalated
tensions across Europe are of benefit to ILUS. Both the phase one
and phase two facilities are capable of manufacturing for emergency
response, disaster management and defense requirements in the
European region and globally. ILUS’ phase two acquisition in
Southeastern Europe is that of a prominent military vehicle and
equipment manufacturer, with ILUS adding additional production
lines for its firefighting vehicles, ambulances, and specialist
vehicles.
Several European countries have already drastically increased
their defense budgets, including Germany, which rapidly approved a
further $112 billion in its own defense spending and has already
mobilized thousands of its troops to neighboring countries. With
many analysts predicting that the current conflict and
repercussions thereof could drag on for ten or more years, ILUS is
supremely confident that it is on track for both immediate and
sustainable growth.
Furthermore, ILUS’ operational headquarters are located in
Dubai, United Arab Emirates, which is widely known as a politically
neutral location as well as an international shipping hub that
connects the East and West. This central location has already
proved beneficial for ILUS when negotiating large deals with
government leaders and international organizations, and the company
believes that it will prove vital to the successful negotiating of
large deals in the near future. With its own manufacturing options
in Southeastern Europe, the United States, the United Kingdom, and
the United Arab Emirates, ILUS has several channels through which
it can fulfil large contracts, with the capability to successfully
pivot to another location if any channel is affected by a
disruption such as war or sanctions.
ILUS Managing Director, John-Paul Backwell, commented: “We wish
to reassure our Shareholders that the current economic uncertainty
surrounding the Ukraine conflict and its continuous potential for
rapid escalation actually increases our growth possibilities. We
have spoken previously about our defense division and fortunately,
our strategy and implementation in this area of the business means
that we are well prepared to capitalize on increased defense
requirements. Whilst it was not a stated priority of ours since we
certainly do not ever wish for war or confirm that we can foresee
it, we knew that heightened tensions and increased terror threats
meant that we needed to gear up a defense division as soon as
possible. We have fortunately made some bold decisions which place
our company in a strong position, with increased demand for our
technology, or solutions which include our technology within them.
With several discussions already underway, including exciting
defense acquisitions, we look forward to announcing more
soon.”
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
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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
circumstances or management's estimates or opinions should change
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cautioned not to place undue reliance on forward-looking
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and others should note that we announce material financial
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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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