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OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Summarizes the Highlights of Its 2022 Annual Shareholders Meeting Held on 28 January 2022
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Summarizes the Highlights of Its 2022 Annual Shareholders Meeting Held on 28 January 2022.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Feb. 01, 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. ILUS held its first in-person and online Annual Shareholders Meeting since taking over from the previous management of Ilustrato Pictures International Inc. During the meeting, ILUS shared its latest news, discussed its roadmap and opened the floor to questions. This press release briefly summarises the information shared. For further information and context, the recording of the event will be made available within the coming days.  ILUS confirmed that it is planning several spin offs and the company is working behind the scenes on its first up listing. The company will soon be announcing the investment bank which it will be partnering with for its first planned up listing. The company is creating several divisions within its groupsuch as Emergency Response Technologies, Integrated Systems, Renewables and Defense. Each of these divisions are being developed through acquisitions and growth to have the potential to up list, as are ILUS’ recent acquisitions, such as Vira Drones which could have the potential to up list on its own.  Having already completed several acquisitions, ILUS confirmed that it has many more on the way in the short, medium, and long-term. ILUS itself is acquiring and growing the companies, which it is grouping into strategically and technologically aligned divisions. ILUS aims to become a conglomerate which, following several successful spin offs, could itself up list. ILUS plans to hold a 50-80% share of each up listed company which will substantially increase the company’s balance sheet.  The ILUS divisions mentioned during the Shareholder meeting were Emergency Response, Integrated Systems, Renewables and Defense. The company plans to roll up all current and upcoming emergency response businesses into Emergency Response Technologies (ERT), including a $100m+ revenue acquisition, which when all combined, the company intends on having an approximate valuation in the region of $500 million. This division has the potential to become ILUS’ first planned spin off. ERT would include manufacturing and distribution of patented f...