Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Feb. 28, 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. With global tension at its highest levels in recent times because of Russia’s invasion of Ukraine, ILUS has chosen to provide a general update for its Shareholders and interested parties. The company is in a very strong position due to its current and growing technology portfolio for the emergency response, disaster management and defense sectors as well as its key locations and government relationships in Europe and the Middle East. As a result of this and additional new acquisitions which are in negotiation, ILUS is confident that its current rapid growth rate should continue and even accelerate over the coming quarters.  “Current heightened tensions and conflict present an enormous opportunity for ILUS to seize the moment. We are incredibly well positioned to capitalize on increased defense spending with our products and solutions, our manufacturing facilities, our extensive list of government contacts and our funding. Some the contract discussions are monumental for ILUS, which is why we believe it is important to keep our Shareholders and interested parties updated. We know we need to move fast as we believe we can harness a great deal of business in the short-medium term,” said Nick Link, CEO of ILUS. The ILUS group of companies primarily manufacture and distribute equipment and vehicles for the emergency response industry. Additional technology acquisitions have also been made to supplement the company’s innovation strategy. ILUS acquisition FireBug has several customers in the defense sector as well as international organizations such as the United Nations and UNICEF. Another acquisition, The Vehicle Converters (TVC), which has previously supplied US army bases in the Middle East, converts a wide range of vehicles including armored ambulances, military transporters, and logistics vehicles. Over the last fifteen years, TVC has gained extensive experience converting and supplying light military vehicles in the Middle East. In addition, because of its partnership with Milanion, a manufacturer of unmanned vehicle systems primarily for the military, ILU...