OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides an Update on Its Subsidiary Plans
June 14 2022 - 4:00PM
InvestorsHub NewsWire
New York, New York --
June 14, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS), ILUS is a Mergers and Acquisitions company focused on
acquiring and developing technology-based companies across the
globe. The company wishes to provide an update on the progress,
plans, and focus regarding its subsidiaries, including its plans to
add a significant battery manufacturing acquisition to its
Renewables subsidiary.
ILUS’ emergency response
focused subsidiary, Emergency Response Technologies (ERT), has
taken significant steps towards achieving its short-term milestones
and therefore appointed Dan Peters as its Chief Executive Officer
to assist with the implementation of its growth plans. ILUS has
simultaneously made significant progress with its Renewables
subsidiary, which is already home to Replay Solutions and E-Raptor.
Replay Solutions is an urban mining company which is working on the
recovery of rare metals from discarded electronic equipment and
electrical waste using innovative mechanical and chemical
treatments. E-Raptor is a range of commercial electric utility
vehicles (EVs) which are used by the industrial, hospitality,
agricultural and public safety sectors. Both companies are
currently setting up their new operations in
Serbia.
In a move that will add
to its Renewables subsidiary, ILUS is now in the final stages of
agreeing the acquisition of a battery manufacturing company which
is currently generating $20 million in annual revenue. The company
primarily designs and manufactures several battery types and is
rolling out its own lithium battery product. Several byproducts of
Replay Solution’s mining process such as plastics, lithium, and
various minerals can be used in the potential acquisition’s
manufacturing plant. The availability of required raw materials and
minerals from Replay Solutions will substantially reduce
manufacturing costs for the company. The battery manufacturer will
also develop and manufacture batteries for the E-Raptor range of
EVs and work on the development of specialized batteries for
Unmanned Aerial Vehicles (Drones). Following several positive
meetings with the potential acquisition, further meetings are
taking place this week. ILUS is preparing to agree terms and
announce the deal within
weeks.
With plans underway for
ERT to uplist to a major stock exchange and the execution of
aggressive growth plans for its Renewables subsidiary, ILUS will
now also place increased focus on its Unmanned Aerial Vehicle (UAV)
and Defense subsidiaries. Here the company is already assessing
acquisition options in both sectors. The amalgamation of assets
into ILUS includes but is not limited to the fields of Public
Safety, Renewable Energy, Defense, Security, Manufacturing,
Transportation and
Logistics.
“We continue to add
building blocks to the ILUS conglomerate. The newly appointed CEO
of ERT will play a vital role in the growth of our existing
Emergency Response acquisitions as well as consolidating the new
ones into the group when they close. This gives extra room for the
ILUS management team to focus on bringing further strategically
aligned and valuable assets into our stable. Nick and I will remain
intricately involved in the progress of ERT which represents the
culmination of a vision we have worked towards for over 10 years.
We are very clear in our intention to continually add assets to
ILUS which have a direct impact on the increased safety and
well-being of our
communities.”
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.
Soure: NewMediaWire
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