NEW YORK, NY -- April 4, 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 submission of its 2021 annual filings
and Share Structure update by the required date, the company now
wishes to summarize current progress and outline some expected
highlights for the second quarter of 2022.
ILUS previously announced that its audit by AJSH & Co LLP is
underway. The company expects its audit and subsequent name change
to Ilus International Inc. to be completed during the summer of
2022, following which it plans to up list to the OTCQB. ILUS
confirmed that these plans are running concurrently to plans for
its subsidiaries such as Emergency Response Technologies, which are
also in progress.
Having completed three acquisitions during the first quarter of
2022, ILUS also made significant sales progress within its group.
Overall performance was strong, and the company achieved its first
quarter targets, laying a solid foundation to exceed 2022
projections. ILUS will submit its filings for the first quarter
when required on the 15thof May 2022. During the first
quarter, ILUS completed the acquisitions of Vira Drones, KurveXR
and Georgia Fire and Rescue Supply.
ILUS announced part of its European Phase 1 deal in Cacak,
Serbia on the 31st of March 2022. The company plans
to announce substantially more information once it takes occupation
of the site. This information will include the deal structure for
ILUS EV Technologies in Serbia and its enormous benefits to ILUS.
The company will also outline more detailed growth plans for the
site as well as release photos and videos of the
facilities.
Following the Serbian elections which were held yesterday, with
incumbent President Vucic remaining in power, ILUS expects its
larger European Phase 2 deal to complete during the second quarter
of 2022. With the strong support of the Serbian
Government, ILUS is confident that the deal should progress
smoothly following the elections. The Phase 2 deal is expected to
include several phased emergency response and defense
contracts.
During the first quarter of 2022, ILUS completed further
acquisition negotiations, with some Letters of Intent signed. The
primary focus for the second quarter remains on the progress of
ILUS’ Emergency Response Technologies (ERT) subsidiary. In addition
to previously discussed acquisition plans, during the second
quarter, ILUS is planning to complete the acquisition of a
significant wildfire company with sales in 70 countries, including
the US. The company is also planning to complete the acquisition of
a well-established and rapidly expanding US based emergency
response communications company. ILUS is also continuing with its
due diligence on a potential acquisition with over $100m in annual
revenue.
In terms of progress with current ILUS acquisitions, according
to the group’s sales forecasts for the second quarter, the outlook
is very positive. Although there are still supply backlogs due to
ongoing shipping and related logistics issues, travel has finally
opened up, making it easier for demonstrations to take place and
projects that have been stuck in the sales pipeline to progress.
The teams at BCD Fire and KurveXR are currently negotiating large
orders which are expected in the second quarter. In addition to
this, FireBug, The Vehicle Converters and BCD Fire are currently
discussing orders for large projects linked to the $500 billion
NEOM smart city project in Saudi Arabia. In the US, Bull Head
Products is expecting to receive two significant new manufacturing
contracts during the second quarter, following successful proof of
concept builds which are currently underway.
During the month of April 2022, Georgia Fire and Rescue supply
will be moving into its new 9,000 square foot facility. This move
will double the area of its current facility, providing much needed
stockholding capability to fulfil the current increased demand and
to hold stock of additional product lines, including those from
FireBug and Bull Head Products. Bull Head Products is having a new
15,000 square foot facility built, with the building expected to be
completed in six to seven months’ time. This would be in line with
scale up plans for new manufacturing contracts that are in
negotiation.
From the 28th to 30th of April
2022, ILUS will be exhibiting technology from Georgia Fire and
Rescue Supply, FireBug, KurveXR, 911Inform and a new range of
wildland firefighting equipment at the FDIC Conference in
Indianapolis. From the 20th to
25th of June 2022, the company will then exhibit
more technology, including the M500 rescue drone from Vira Drones
at Interschutz in Hannover, Germany.
During its January 2022 Annual Shareholder’s Meeting, ILUS
announced plans to create a Defense subsidiary. Using its existing
capability to manufacture products for the defense sector, the
company has already been manufacturing firefighting equipment and
vehicles for the defense sector, however, this will soon be
supplemented by defense acquisitions. ILUS is currently working on
a significant defense acquisition, with discussions progressing
well thus far. The targeted acquisition is strategically aligned
with revolutionary technology and has a large pipeline of global
sales.
ILUS confirms its plans to offer Shareholders the opportunity to
lock shares up in a preference category. Within weeks, the company
will release information on the details and incentives for
Shareholders to lock up their shares in a preference category for a
defined period. Following release of the information during the
month of April 2022, interested Shareholders will be offered the
opportunity to register their interest for the Share lock up, which
is expected to commence during the second quarter of 2022. ILUS is
currently working through the incentives and roll out plan with its
attorneys, factoring in the considerations and incentives related
to ERT and other ILUS subsidiaries, given the immense progress that
the company is making in this regard. ILUS plans to announce an
attractive incentive benefit to Shareholders and the subsequent
share lock up is expected to cause a reduction in outstanding
common shares.
ILUS Managing Director, John-Paul Backwell, commented: “As
stated in the most recent Shareholder Q&A released this past
weekend, we have accomplished a great deal in only 15 months,
although we do believe that the next 6 months will be even more
exciting for ILUS and its Shareholders. With everything from
completion of the European deals, tremendous acquisitions, contract
awards, ERT plans coming to fruition and so much more, it is crunch
time for the ILUS team and we have never been more excited.”
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
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 Apr 2024 to May 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From May 2023 to May 2024