OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides an Updated Revenue Forecast for 2022
July 13 2022 - 10:49AM
InvestorsHub NewsWire
New York, NY -- July 13, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing public safety and technology-based companies
across the globe. Now in its second year of operations since taking
over from previous management, the company has completed several
acquisitions and also created subsidiaries which are in the process
of completing several further acquisitions. In line with the
substantial progress that ILUS has made in 2022, the company has
therefore significantly increased its revenue forecast for the
year.
On the 11th of February 2022, ILUS announced a
run rate revenue forecast of $40 to $55 million for 2022. Due to
current progress and the agreed acquisitions which it expects to
close in the 3rd quarter, ILUS has updated its
revenue forecast to a run rate of $140 million for 2022.
Furthermore, ILUS confirmed that its second quarter results,
which will be filed on the 15th of August 2022 as
required, reflect the strong progress that the company has been
making. The appointment of former REV Group President, Dan Peters,
as CEO of ILUS’ public safety subsidiary, Emergency Response
Technologies, during the second quarter, is already adding further
momentum to the performance of ILUS, specifically in North
America.
Recently, the ILUS owned Industrial subsidiary, Wikisoft Corp.,
which is undergoing an appropriate name change to Quality
Industrial Corp. along with a change in operational focus,
announced that it has signed a binding Letter of Intent to acquire
Quality International, a United Arab Emirates headquartered process
equipment manufacturer for the Oil and Gas, Utilities, and
Industrial sectors. Quality International is delivering annual
revenue in excess of $100 million and currently has $75 million
worth of orders in production along with a further $230 million in
confirmed purchase orders. Wikisoft Corp. is currently negotiating
further acquisitions which will be strategically aligned with
Quality International.
Regarding its audit which is currently underway, ILUS confirms
that it is on track for the audit to be completed during the summer
of 2022, as originally communicated.After completing the audit,
ILUS will file its Form 10 with the SEC to become a fully reporting
entity, change its registered name and apply to OTC Markets to up
list from the OTC Pink Market to the OTCQB.
ILUS Managing Director, John-Paul Backwell, recently provided an
update on the company’s progress and strategy in a video
presentation. This video is available on the ILUS YouTube channel
at the following link: https://youtu.be/hAsz0e_Ox3s
Nick Link, CEO of ILUS, commented: “In terms of business
progress, it’s been an incredible year for us so far and we clearly
expect our growth trajectory to increase in the back end of the
year. Although the global economy is facing immense challenges and
the markets are experiencing ongoing pressure, as a business we are
surging towards our largest milestones yet. We look forward to
making several important announcements in Q3, delivering on both
our previously stated objectives and further new ones that we have
been working on behind the scenes. Our ability to close deals such
as that of Quality International serves as a guideline for what
more can be expected from ILUS and its subsidiaries over the coming
months.”
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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