ILUS Confirms Its Second Quarter of 2022 Results, Including a 553% Revenue Increase Over Its Previous Quarter, to $19,677,222
August 15 2022 - 2:52PM
InvestorsHub NewsWire
NEW YORK, NY -- August 15, 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. The company, which increased its revenue over the
same quarter in 2021 by 588%, and by 553% over the first quarter of
2022, is confidently on track to exceed its annual run-rate revenue
forecast.
Highlights for the three months ended June 30th,
2022, are as follows:
- Revenue: $19,677,222.51
- Net Profit: $1,132,322.21
- EBITDA: $ 1,659,141.95
- Assets: $55,308,410.82
- Working Capital: $9,640,172.49
Progress during the second quarter included ILUS acquiring the
majority stake of the fully reporting OTCQB company, Wikisoft Corp.
which then underwent a name and ticker change to Quality Industrial
Corp (OTCQB: QIND). QIND has signed a binding Letter of Intent to
acquire 51% of a United Arab Emirates based process equipment
manufacturer which is generating more than $100 million in annual
revenue.
Following its participation at the FDIC Exhibition in
Indianapolis in April, where the ILUS Group product range gained
positive attention from potential US and international customers,
the company continued to focus on business development and
improvement of the businesses within its group. ILUS has been
especially pleased with the progress made by Georgia Fire Rescue,
which delivered its strongest quarterly performance to date after
moving into its new larger facility. Steady growth has been
delivered across the board within the group and with the third
quarter already well underway, ILUS is confident of an even
stronger performance in its third and fourth quarters.
During the third quarter, ILUS expects its audit to be
completed, 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 is also progressing with closing
negotiations for important acquisitions which will add specialized
technology, additional manufacturing capability and further
significant revenue to the group. ILUS also plans to make important
announcements regarding its roadmap and important milestones during
the period.
ILUS Managing Director, John-Paul Backwell, commented: “We have
delivered very impressive growth during the second quarter, and we
are just starting to get into our stride as a global company which
aims to become a dominant conglomerate. With even bigger deals on
the table and so many exciting developments taking place behind the
scenes, we are thrilled about all that the back half of the year
holds in store for our company and our Shareholders.”
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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