Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc.) Provides a Progress Update in Line With Its Short and Medium-Term Milestones
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc.) Provides a Progress Update in Line With Its Short and Medium-Term Milestones.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, April 21, 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. Having already acquired seven companies since January 2021, ILUS is in the process of agreeing and completing several acquisitions for its Emergency Response Technologies subsidiary. Simultaneous to this and in addition to the building of the companies within its group, ILUS has been undergoing its audit which is nearing completion, reviewing options for shareholders to lock up shares in a preference category, finalising structure for the roll out of its European deals and restructuring its subsidiaries in preparation for planned participation on a major stock exchange, an opportunity which has grown substantially since the company’s Annual Shareholder Meeting earlier this year. With this and more underway behind the scenes, ILUS wishes to update Shareholders on its progress and set market expectations for short and medium-term milestones to be achieved in the coming weeks and months.  Since ILUS provided an update on its second quarter plans (reference 4 April 2022 Press Release), the company has remained hard at work building its subsidiaries, particularly Emergency Response Technologies. In preparation for planned participation on a major stock exchange, ILUS has been agreeing the acquisition of several companies. Therefore, the company is pleased to say that it has held further promising negotiations with an acquisition that is achieving upwards of $100 million in annual revenue. Furthermore, while ILUS has been structuring the roll out of its European first phase deal in Čačak, Serbia, it has also been going through the processes for completion of the larger second phase deal. Having spoken previously of its creation of a Defense subsidiary, ILUS is now also nearing the agreement of its first defense acquisition, which manufactures disruptive technology and vehicles for the defense sector. In addition to the completion of already agreed acquisitions, ILUS is agreeing the acquisition of an emergency response communications company, a wildfire equipment manufacturer and more as the company continues to add valuable assets to its Emergency Response T...