NEW YORK, NY -- January 10, 2024 -- 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 confirms that is has
acquired the controlling interest in the SEC Reporting OTC listed
company, Samsara Luggage, Inc. (OTC: SAML).
ILUS is changing the business direction of SAML from luggage
manufacturing and distribution towards the acquisition and growth
of businesses in the public safety sector. The existing luggage
business will be spun out of SAML and ILUS will be merging several
of its existing emergency response focused companies into SAML,
which will function as a Special Purpose Vehicle for the financing
and growth of ILUS’ emergency response subsidiary.
On January 3, 2024, ILUS acquired a convertible note from YAII
PN, LTD with outstanding principal and accrued interest of
$600,684.93. On January 5, 2024, ILUS converted the note into
150,753,425 shares of common stock in SAML pursuant to the terms of
the exchange note which was filed in ILUS’ Schedule 13D. As a
result of the conversion, as of January 5, 2024, ILUS acquired
control of 91.5% of the outstanding shares in SAML.
In connection with the acquisition of the note and the
subsequent conversion to shares of common stock, the current
officers and directors, Mrs. Atara Dzikowski, and Mr. David Dahan
resigned from all their positions with SAML. Nicolas Link was
appointed as SAML’s Chairman of the Board and John-Paul Backwell
was appointed as the company’s Chief Executive Officer and
Director. Mrs. Atara Dzikowski will remain as a consultant to SAML
for a period. Former President of REV Group’s Fire and Ambulance
Division, Dan Peters, will serve as President of SAML. Further
members of the company’s board and management team will be
announced in due course.
As previously mentioned, several of ILUS’ emergency response
focused companies will be merged into SAML for a stock
consideration to ILUS shareholders, following which SAML will
continue to function as the emergency response subsidiary of ILUS,
known as Emergency Response Technologies (ERT). The subsidiary
intends to pay a special equity dividend to ILUS shareholders and
is finalizing this with its legal counsel. ILUS will retain the
controlling interest in SAML.
As was the case with ILUS’ Industrial subsidiary, Quality
Industrial Corp. (OTC: QIND), which effected its name and ticker
change in August 2022, SAML plans to change its name and ticker, in
connection with a short form merger with its wholly owned
subsidiary, Emergency Response Technologies, in accordance with NRS
92A.180. The corporate action will be submitted to FINRA and will
be effective once a market effective date is provided by FINRA.
ILUS believes that the SAML acquisition will add significant
value to its structure and operations, specifically the eagerly
anticipated expansion of its emergency response subsidiary. SAML
has its own funding line in place for purposes of expansion, and
such access to capital will be non-dilutive to ILUS shareholders.
With this more streamlined structure and access to capital in place
through SAML as its Special Purpose Vehicle, ILUS anticipates the
aggressive expansion of its emergency response subsidiary in 2024.
Such expansion plans include the acquisition of a large US
headquartered emergency vehicle manufacturer and distributor.
Following this acquisition, the subsidiary intends to uplist to a
major stock exchange.
SAML will become more proactive on its relevant social media
channels and ILUS will keep shareholders informed of the progress
across all of its subsidiaries. SAML itself will provide regular
updates through its social media and formal press releases. Several
updates will be made to the ERT website as assets are officially
merged into the company. ILUS shareholders and parties interested
in tracking SAML’s progress are requested to do so by following its
Twitter account or by keeping an eye on its website, the details of
which are listed below:
Websites: https://ilus-group.com, https://ert-international.com
Twitter: @ILUS_INTL, @ERT_ILUS
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 social
& media channels.
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
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Dec 2024 to Jan 2025
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Jan 2024 to Jan 2025
