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.

 

 

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