Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides an Update on Progress and Second Quarter Plans
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides an Update on Progress and Second Quarter Plans.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, April 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. Following submission of its 2021 annual filings and Share Structure update by the required date, the company now wishes to summarize current progress and outline some expected highlights for the second quarter of 2022.  ILUS previously announced that its audit by AJSH & Co LLP is underway. The company expects its audit and subsequent name change to Ilus International Inc. to be completed during the summer of 2022, following which it plans to up list to the OTCQB. ILUS confirmed that these plans are running concurrently to plans for its subsidiaries such as Emergency Response Technologies, which are also in progress.  Having completed three acquisitions during the first quarter of 2022, ILUS also made significant sales progress within its group. Overall performance was strong, and the company achieved its first quarter targets, laying a solid foundation to exceed 2022 projections. ILUS will submit its filings for the first quarter when required on the 15thof May 2022. During the first quarter, ILUS completed the acquisitions of Vira Drones, KurveXR and Georgia Fire and Rescue Supply. ILUS announced part of its European Phase 1 deal in Čačak, Serbia on the 31st of March 2022. The company plans to announce substantially more information once it takes occupation of the site. This information will include the deal structure for ILUS EV Technologies in Serbia and its enormous benefits to ILUS. The company will also outline more detailed growth plans for the site as well as release photos and videos of the facilities.  Following the Serbian elections which were held yesterday, with incumbent President Vucic remaining in power, ILUS expects its larger European Phase 2 deal to complete during the second quarter of 2022.  With the strong support of the Serbian Government, ILUS is confident that the deal should progress smoothly following the elections. The Phase 2 deal is expected to include several phased emergency response and defense contracts.  During the first quarter of 2022, ILUS completed further acquisition negotiations, with some ...