Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides an Update on Acquisition Progress and its Annual Shareholder’s Meeting
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides an Update on Acquisition Progress and its Annual Shareholder’s Meeting.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Jan. 20, 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. The company completed 4 acquisitions in 2021, including its first US acquisition of Tennessee based Bull Head Products. Prior to its first Annual Shareholder’s Meeting on the 28thof January, ILUS is aiming to complete several further acquisitions which the company has already reached pre-contract agreement on. The company also confirmed today that it is going to proceed with an in-person Annual Shareholder’s Meeting in Las Vegas and offer online access to the meeting for those who are not attending it in person.  Having previously agreed and signed the pre-contract agreements for three US acquisitions, ILUS completed the first of these US acquisitions at the end of 2021 when it took over Bull Head Products. ILUS Shareholders can expect the company to complete at least one more of its previously agreed US acquisitions within days, with the third following soon after, delivering on the company’s strategy of acquiring the necessary manufacturing and distribution capability for a successful expansion in the US market. Together, the previously agreed US acquisitions which ILUS is in the process of completing are currently delivering approximately $12 million in profitable annual revenue. In line with the company’s strategy of acquiring disruptive technology advancement companies which possess the ability to achieve extraordinarily high valuations and transform the public safety sector, ILUS is in the final stages of two very exciting technology company acquisitions which it is aiming to complete before its Annual Shareholder’s Meeting.  Firstly, ILUS will be entering the $500 billion Metaverse market through the upcoming acquisition of an invaluable public safety Virtual (VR) and Augmented Reality (AR) training software company. ILUS has agreed the acquisition of the company which develops and delivers VR and AR training solutions for public safety, including fire safety, emergency response, community safety, security, and corporate onboarding. The agreed acquisition already has seven training modules and twenty-two tutorials with a further thirty mo...