OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Summarizes Its Second Quarter of 2022 Results, Including a 588% Revenue Increase Over the Same Period in 2021
August 04 2022 - 10:19AM
InvestorsHub NewsWire
New York, NY -- Aug. 04, 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 several 2022 second quarter highlights,
the company reports that it increased its revenue over the same
quarter in 2021 by 588%, and by 553% over the first quarter of
2022.
ILUS reported record Q2 2022 revenue of $19,677,222. The
company’s assets also increased considerably over the same period
in 2021. Following a strong quarter as projected, ILUS confirms a
strong balance sheet and substantial growth in revenue, providing a
solid platform for the company to deliver on several monumental
milestones in the second half of 2022. The company remains
confidently on track to achieve its 2022 run-rate revenue forecast
of $140 million.
ILUS is in the final stages of completing its audit, following
which it plans to 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.
The company has been administratively aligning its subsidiaries
in preparation for its first subsidiary up list to a major stock
exchange. In line with this, the company’s industrial and
manufacturing subsidiary, Quality Industrial Corp. recently
received approval for its name change from Wikisoft Corp. and for
its first-choice ticker change to QIND from WSFT.
ILUS CEO, Nick Link, commented: “We have remained steadfast in
our mission to build a sustainable company for the long term whilst
delivering rapid incremental growth along the way. As the year
progresses, we will be adding further aligned businesses which will
further accelerate our growth. I am proud of what our team has
accomplished so far this year and I would also like to thank our
loyal long-term Shareholders for your continued support.”
ILUS confirms that its second quarter disclosures containing the
company’s full financial report for the period will be filed by the
company’s auditor by the 15th of August, as
required.
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
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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