New York, NY -- September 15, 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. With signed Letters of Intent to acquire two
wildfire equipment manufacturers, and in line with upcoming
subsidiary up list plans, the company is gearing up extensive
manufacturing facilities for wildland firefighting equipment and
specialist vehicles in Serbia.
In 2022, extreme wildfires have swept across huge swathes of
land all over the world, destroying homes and threatening
livelihoods. The frequency and severity of wildfires has increased
and with globally increasing temperatures and an increased
onslaught of droughts; the momentum is showing no signs of slowing.
Some reports show that annually, wildfires cause as many as 400,000
global deaths, millions of injuries and billions in property and
business costs. It is estimated that the cost of damage from
wildfires is as much as 1-2% of GDP in some high-income
countries.
ILUS’ emergency response subsidiary, Emergency Response
Technologies (ERT), is rolling out acquisition and manufacturing
plans which will soon make it the leading global wildland
firefighting technology manufacturer and solution provider. As part
of several acquisitions which are underway for the subsidiary, the
company is in the process of completing the acquisition of two
companies which specialize in the manufacture of wildland
firefighting equipment. Both companies are already prominent
wildfire equipment manufacturers and together, they hold the most
extensive global distribution network.
To further accelerate the growth of the acquisitions, ILUS has
agreed plans to open new state-of-the-art wildland firefighting
equipment manufacturing facilities in Serbia. The Serbian facility
will primarily manufacture wildland firefighting tools, pumps, and
specialist vehicles.
The Serbian manufacturing plant will incorporate large
manufacturing facilities for E-Raptor commercial EV manufacturing,
Replay Solutions urban mining, FireBug firefighting vehicle and
equipment manufacturing, Wildfire equipment manufacturing, and
specialist drone manufacturing. Each division receives its own
substantial government incentives. The additional wildland
firefighting equipment manufacturing facilities will be
complemented by two further specialist engineering and
manufacturing acquisitions in New Jersey, USA and in the North of
England, United Kingdom. Both of these acquisitions are also in
their final stages, forming part of the achievement of ERT’s next
significant milestone.
“It’s absolutely imperative that we accelerate our expansion
into the wildfire arena. With governments spending billions every
year to combat wildfires, it’s certainly time for us to ramp up our
dedicated wildfire equipment manufacturing capability to adequately
supply what will soon be the world’s largest wildfire equipment
distribution network. Our patented water saving technology will be
complemented by patented wildland firefighting tools and equipment
which is already proving instrumental in combatting wildfires.
Given the plans we are rolling out, I am confident that ILUS will
be the industry leader in wildland firefighting by the end of 2023.
I am looking forward to signing off on the final plans for all the
divisions in Serbia next week,” said ILUS Managing Director,
John-Paul Backwell.
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
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