NEW YORK, NY -- April 21, 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. Having already acquired seven companies since
January 2021, ILUS is in the process of agreeing and completing
several acquisitions for its Emergency Response Technologies
subsidiary. Simultaneous to this and in addition to the building of
the companies within its group, ILUS has been undergoing its audit
which is nearing completion, reviewing options for shareholders to
lock up shares in a preference category, finalising structure for
the roll out of its European deals and restructuring its
subsidiaries in preparation for planned participation on a major
stock exchange, an opportunity which has grown substantially since
the company’s Annual Shareholder Meeting earlier this year. With
this and more underway behind the scenes, ILUS wishes to update
Shareholders on its progress and set market expectations for short
and medium-term milestones to be achieved in the coming weeks and
months.
Since ILUS provided an update on its second quarter plans
(reference 4 April 2022 Press Release), the company has remained
hard at work building its subsidiaries, particularly Emergency
Response Technologies. In preparation for planned participation on
a major stock exchange, ILUS has been agreeing the acquisition of
several companies. Therefore, the company is pleased to say that it
has held further promising negotiations with an acquisition that is
achieving upwards of $100 million in annual revenue. Furthermore,
while ILUS has been structuring the roll out of its European first
phase deal in Cacak, Serbia, it has also been going through
the processes for completion of the larger second phase deal.
Having spoken previously of its creation of a Defense subsidiary,
ILUS is now also nearing the agreement of its first defense
acquisition, which manufactures disruptive technology and vehicles
for the defense sector. In addition to the completion of already
agreed acquisitions, ILUS is agreeing the acquisition of an
emergency response communications company, a wildfire equipment
manufacturer and more as the company continues to add valuable
assets to its Emergency Response Technologies portfolio.
As the deal size and complexity of its acquisitions has grown
significantly in preparation for the planned participation on a
major stock exchange, ILUS is in discussions with reputable
investment banks to evaluate several options and scenarios. Once
confirmed, the company will announce the investment bank that it
has chosen to partner with for its participation on a major stock
exchange. ILUS recognizes that it is running slightly behind
schedule for its first planned participation on a major stock
exchange due to larger and more complex deals on the table,
however, these larger deals have increased the valuation potential
of its subsidiaries and ILUS is confident that the outcomes will be
more positive for the company and its Shareholders. Also in
conjunction with its planned participation on a major stock
exchange, the company has furthered discussions with suitably
experienced potential board members and begun discussions with
newly identified candidates.
“We have so many deals on the brink of completion and many large
new opportunities have arisen that we didn’t anticipate. Many deals
are due to be announced very soon with several others due to
complete at around the same time. We are due to complete most, if
not all of the deals that we have spoken about in the past, and
more that we have not been able to speak about. What many people
won’t have envisaged is that the current economic conditions, the
ongoing conflict in Ukraine and the energy crisis which many
countries are facing, has presented us with massive opportunities,
since we are operating in the infrastructure and technology sectors
with a wealth of influential relationships at our disposal. This
means that we are evaluating a lot more opportunities that we
hadn’t planned on at the start of the year, and this is great news
for ILUS. Ultimately, it means that we have the opportunity to not
only participate on a major stock exchange, but to become a
dominant force in our sector on it. Although there are so many
exciting developments, we are cautious to the timing and substance
of the news and so we are doing our best to balance the tension
between keeping the market updated and the appropriate timing
towards our planned participation on a major stock exchange,
without jeopardising it. We do however want to keep our
Shareholders updated so that they can understand the enormous scope
of what is going on behind the scenes,” said ILUS Managing
Director, John-Paul Backwell.
Having previously announced that its audit by AJSH & Co LLP
is underway, ILUS can confirm that good progress has been made with
the audit, which is moving towards completion. The company remains
on track for its audit and subsequent name change to Ilus
International Inc. to be completed during the summer of 2022,
giving it the option to up list to the OTCQB.
ILUS is currently reviewing various options and incentives for
its Shareholders to lock up common shares in a preference category.
Given the many short and medium-term milestones, ILUS has been
presented with many options and possible implications, therefore
the company is considering which options will add the most value to
its long-term Shareholders. The company expects to announce the
options to its Shareholders soon, along with a simple method for
Shareholders to register for their preferred option, should they be
interested in doing so.
ILUS CEO, Nick Link, commented: “Our entire management team has
been hard at work, driven by the knowledge that we are building
something truly special. It is most exciting to see a vision that
we have had for so many years really coming together now. Over the
next few weeks and months, we will announce a series of deals and
more detailed plans, as our vision of building a global
conglomerate takes giant leaps towards becoming a reality. To
expand further on the progress we have been making and to give
clarity on our short and medium-term milestones, I am planning to
record a podcast in the next week or so that we will release on our
YouTube channel and share via Twitter.”
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.
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