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OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Enters the $500 Billion Metaverse Market by Acquiring KurveXR from TakeLeap
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Enters the $500 Billion Metaverse Market by Acquiring KurveXR from TakeLeap.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Feb. 04, 2022 (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. In just over one year since new management took over ILUS, the company has already added its sixth strategically aligned acquisition to its stable.  ILUS is acquiring KurveXR from TakeLeap, a futuristic technology company which creates artificial intelligence and machine learning solutions. KurveXR is the profitable and valuable Virtual and Augmented Reality division of TakeLeap, which ILUS is acquiring. The agreed acquisition develops and delivers training solutions for public safety including fire safety, emergency response, community safety, security, and corporate onboarding. As a company that began its life through the development of disruptive firefighting technology, ILUS is excited to continue this trend by now becoming the first company to offer fire safety training in the Metaverse.  Through the acquisition of KurveXR, ILUS is expanding its reach into the Metaverse market which is growing at meteoric speed. Already valued at $500 billion, the global Metaverse market is currently expected to exceed $1 trillion by 2025. Such is the potential that Goldman Sachs recently referred to the Metaverse as an $8 trillion revenue opportunity. Also demonstrating exponential growth potential, the global Augmented Reality (AR) and Virtual Reality (VR) market is expected to reach $300 billion by 2024. In partnership with TakeLeap, ILUS had already been exploring this market potential in the Middle East through its acquisition, BCD Fire. Having witnessed firsthand how the technology will revolutionize public safety and security as well as the extraordinary revenue potential from its licensing models, ILUS made the decision to acquire KurveXR from TakeLeap.  Nick Link, CEO of ILUS, said the following: “Following on from the recent acquisition of Vira Drones, we are now further advancing our disruptive technology with the addition of KurveXR to our portfolio. We have been working with TakeLeap for some time now, and it is exciting to acquire this perfectly aligned virtual and augmented reality division from them to drive forward our growth in the public safety and sec...