Business
Ilustrato Pictures International Inc. Announces Sale Of Control Block
Ilustrato Pictures International Inc. Announces Sale Of Control Block.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"Ilustrato Pictures International Inc. (OTC-PINK: ILUS) announces the signing of a Stock Purchase Agreement (the “Agreement”) between Ilustrato Pictures International Inc. President and Chairman of the Board, Mr. Derrick McWilliams, Rhonda Colombo Board Member, and Red Creek Reserve, a Colorado limited liability company, whereby Red Creek Reserve agreed to acquire 360,000,000 shares of common stock owned by Mr. McWilliams and Rhonda Colombo, which represents all of the shares owned by current officers. The parties closed the acquisition on January 8th, 2019. Once finalized with the State of Nevada Mr. Lee Larson Elmore, the CEO and controlling shareholder of Red Creek Reserve, will be appointed as a member of the Board of Directors and CEO of ILUS. Mr. Elmore, thereafter, intends to cause Red Creek Reserve to vend into ILUS, Red Creek Reserve assets, subsidiaries and divisions in equity swap transactions.Mr. Elmore is an accomplished executive with success driving results across a broad base of middle-market companies in direct sales, technology, distribution, product development, and others. He has been an entrepreneur, corporate officer, and consultant. His primary expertise is understanding the needs of growing organizations, evaluating and defining the strategic objectives of a business, and communicating with stakeholders to successfully execute company objectives.Red Creek Reserve has numerous diversified initiatives created specifically for development within an environment in the Cannabis Sector.Presently, agreements for the acquisition of these assets are being finalized, and Red Creek will disclose them to the public as well as the company outlook in a national press release, in the following days.Red Creek Reserve is confident that the change of control of ILUS will lead to these various acquisitions that will commence generating income within twelve (12) months and result in appreciable shareholder value.Safe Harbor Statement: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties ...