OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Summarizes Its First Quarter of 2022 Disclosure
May 16 2022 - 4:00PM
InvestorsHub NewsWire
NEW YORK, NY -- May 16,
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. Following a productive quarter with several
highlights, including the completion of two important acquisitions
and the signed agreement of two more, ILUS recently filed its
disclosure for the first quarter of 2022. Due to an ongoing audit
which is nearing completion and the alignment of companies within
its key subsidiary, Emergency Response Technologies Inc, ILUS did
not include revenue from its first quarter acquisitions. Despite
this, ILUS still reported a strong increase in revenue and its
balance sheet for Q1 2022 compared to its quarterly figures for the
same period in 2021.
ILUS reported Q1 2022
revenue of $3,013,522 representing a 482% increase over its revenue
in Q1 2021. The company also reported a 73% increase in its balance
sheet for the same period to $34,381,723, its highest reported
balance sheet to date. With customer behavior varying between
quarters due to seasonal and cyclical trends, the third and fourth
quarters of each year are often the strongest for businesses in the
manufacturing and distribution industries. ILUS is therefore
optimistic about its Quarter-on-Quarter growth, which is most
relevant when analyzing and improving the progress of each of its
acquisitions. Additional highlights in the company’s Profit and
Loss statement for the first quarter included a gross profit of
$1,859,080, up more than $1.6 million on the same period in 2021,
and an increased net profit of $636,636. With a strong balance
sheet, consistently growing revenue, several larger agreed
acquisitions to be added and solid investor backing, ILUS remains
in an incredibly healthy position as the company rapidly closes in
on its most significant milestones
yet.
ILUS confirmed that it
is in the process of completing its audit for 2021 as well as for
the first quarter of 2022. It has also been administratively
aligning companies within its group for the potential up list of
its subsidiary, Emergency Response Technologies Inc. to a major
stock exchange. As a result, the company was not able to include
figures for its acquisitions completed during the first quarter and
these figures will be consolidated into future disclosures. The
company is confident that when factoring in its recently completed
acquisitions and several more agreed acquisitions, it should add
substantial revenue and exceed its run-rate forecast for
2022.
ILUS made significant
operational progress during the first quarter of 2022. In addition
to its two completed and two agreed acquisitions, the company
opened new offices in Dubai, UAE and Boca Raton, FL, USA. The ILUS
global headquarters in Dubai have capacity for up to 80 team
members whilst its US regional office in Boca Raton has capacity
for up to 15. The company made several new hires during the first
quarter, especially in its administrative and finance departments
as it ramped up activity for its audit and a potential up
listing.
ILUS Managing Director,
John-Paul Backwell, commented: “With our revenue up, balance sheet
up, profit up and cash increased, we are pleased with our
Quarter-on-Quarter growth. More importantly, we are happy with our
audit and subsidiary progress which will lend itself to the
achievement of far more significant milestones. Our emergency
response subsidiary is making excellent progress because we have
prioritized longer-term business growth and we are excited about
what now lies ahead in the short and medium-term for ILUS and its
Shareholders as a
result.”
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.
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Apr 2024 to May 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From May 2023 to May 2024