ILUS Summarizes Its Progress and Projections Following Its 2nd Annual Shareholder Meeting
February 06 2023 - 10:28AM
InvestorsHub NewsWire
NEW YORK, NY -- February 6, 2023 -- InvestorsHub NewsWire --
ILUS International Inc. (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing companies in the public safety, industrial,
defense and renewable sectors. The company held its
2nd Annual Shareholder Meeting in Miami on the
27th of January 2023, summarizing 2022 performance
and outlining the roadmap for 2023.
Some of the key highlights for 2022:
- 2020 and 2021 audits completed
- Form 10 filed and effective as of the 19th of
December 2022 – SEC Reporting and Penny Stock Exempt status
obtained
- Upwards of 450% growth in revenue over 2021
- Expansion to 8 companies in the group (now 11 companies)
- New Headquarter offices opened in Dubai, United Arab Emirates
early in 2022
- Integration and consolidation of existing acquisitions
- Increase in facilities and manpower to over 10 million square
feet and 1,200 employees respectively
Projections for 2023:
- Upwards of $200 million in revenue forecasted for current group
companies
- Subsidiary up list already in progress with important
announcements planned to take place in the very near future
- Two further acquisitions planned for closing in Q1 (in addition
to Petro Line FZ LLC)
- Upwards of $180 million in additional 2023 Revenue for
potential acquisitions with signed Letters of Intent in place or in
late stages of negotiation
- Roll out of conglomerate objectives through four subsidiaries,
using public “Special Purpose Vehicle” entities such as Quality
Industrial Corp. to complete acquisitions without substantially
increasing ILUS Outstanding Shares, creating optimal value for ILUS
Shareholders
- Emergency Response Technologies subsidiary to increase US
vehicle and equipment manufacturing through planned
acquisitions
- Replay Solutions (Renewables subsidiary) is currently
negotiating the acquisition of a well-established waste recycling
company with several operations in Europe, the Middle East, and
Africa
- Hyperion Defense Solutions (Defense subsidiary) has been
incorporated and is currently negotiating its first of three
targeted acquisitions towards completion
- Planned addition of senior executives to the Quality Industrial
Corp. (QIND), Emergency Response Technologies (ERT), and ILUS
boards
- Consolidation of new acquisitions and NetSuite ERP integration
across current acquisitions
Since the 19th of December 2022, ILUS has been
subject to the full reporting requirements of the SEC and looks
forward to demonstrating its strong 2022 progress when filing its
Form 10-K annual report prior to the 31st of March
2023. ILUS requests that Shareholders and Interested Parties review
the filed Form 10 for in-depth information on the company, as well
as the 8-K current reports which are filed and will continuously be
filed by the company within four business days of any major
events.
“Thank you to those Shareholders who attended our Annual
Shareholder Meeting both in person and online, particularly those
who travelled from far to join us in person. A lot of information
was covered on the day which is why we have provided this brief
summary with some key highlights. We have managed to build a truly
phenomenal business in only two years and while it’s important to
reflect on how far we have come, we are completely focused on
building a multi-billion-dollar global company by 2025. With that
in mind, a significant portion of our efforts and progress during
the final weeks of 2022 and at the start of the new year will be
unraveled during the first and second quarters of 2023, making for
a very exciting next few weeks and months for our Team and our
Shareholders,” said ILUS Managing Director, John-Paul
Backwell.
A full recording of the 2nd ILUS Annual
Shareholder Meeting can be found on the ILUS International YouTube
channel or at this link:
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
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 webcasts also 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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