Business
ILUS Summarizes Its Progress and Projections Following Its 2nd Annual Shareholder Meeting
ILUS Summarizes Its Progress and Projections Following Its 2nd Annual Shareholder Meeting.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Feb. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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 completedForm 10 filed and effective as of the 19th of December 2022 – SEC Reporting and Penny Stock Exempt status obtainedUpwards of 450% growth in revenue over 2021Expansion to 8 companies in the group (now 11 companies)New Headquarter offices opened in Dubai, United Arab Emirates early in 2022Integration and consolidation of existing acquisitionsIncrease 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 companiesSubsidiary up list already in progress with important announcements planned to take place in the very near futureTwo 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 ShareholdersEmergency Response Technologies subsidiary to increase US vehicle and equipment manufacturing through planned acquisitionsReplay Solutions (Renewables subsidiary) is currently negotiating the acquisition of a well-established waste recycling company with several operations in Europe, the Middle East, and AfricaHyperion Defense Solutions (Defense subsidiary) has been incorporated and is currently negotiating its first of three targeted acquisitions towards completionPlanned addition of senior executives to the Quality Industrial Corp. (QIND), Emergency Response Technologies (ERT), and ILUS boardsConsolidation of new acquisitions and NetSuite ERP integration across current acquisitions Since the 19th of December 2...