Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Announces its US Firefighting Equipment Distribution Rollout
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Announces its US Firefighting Equipment Distribution Rollout.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Sept. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. As part of the fulfilment of its strategy, ILUS is currently working on acquisitions in the US and Europe. The company can announce that it has officially agreed to terms for the purchase of a profitable US-based firefighting equipment distributor, which holds multiple exclusive distribution contracts for the sales and servicing of some of the world’s largest firefighting equipment brands, and has a current annual turnover of $3 million.  The seller has requested that all employees are formally notified of the sale prior to the company being named and therefore ILUS will announce the company name and further important details such as the exclusively distributed product names and contracts in a follow up Press Release once all approvals are in place.  During the 3rdquarter of 2021, ILUS has been working on the completion of 4 acquisitions in the United States, alongside that of additional acquisition targets in Europe and the Middle East. Whilst the US and European acquisitions remain close to completion, ILUS determined that it was a priority to enter the US market by acquiring an established distribution model for its existing products, combined with the existing distribution of industry leading fire and rescue products which are already in widespread use and in high demand across the US. With this strategy being the priority, ILUS focused on the completion of the distribution acquisition first in its line of upcoming acquisitions.  ILUS is officially entering the US market by acquiring a leading US distributor of firefighting equipment as well as equipment for police and EMS personnel. The acquisition is a well-known industry name and has been operating for nearly 20 years. It holds numerous exclusive distribution contracts for its local state and neighbouring states as well as several nationwide distribution contracts. The company has exclusive distribution contracts in place for the world’s largest hydraulic rescue equipment brand, one of the world’s largest brands of rescue tools and rescue support equipment and for a global leader in turnou...