Business
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Updates on Fourth Quarter Progress and Upcoming Announcements
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Updates on Fourth Quarter Progress and Upcoming Announcements.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Nov. 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) remains focused on its M&A strategy of acquiring and growing global technology companies. The company recently met with some valued shareholders at scheduled “meet ups” in New York and Las Vegas, where it provided an update on progress and upcoming plans, including up list plans.  Following the announcement that the third quarter was ILUS’ strongest yet in terms of revenue achieved and acquisition progress, the company confirmed that it is firmly on track and hard at work to exceed its 2021 annual revenue target. In addition to 3 acquisitions closed in the first and second quarters of 2021, ILUS agreed and signed pre-contract agreements with 3 US companies in the third quarter, and confirmed that it is in the process of adding several very exciting acquisitions during the fourth quarter.   ILUS recently agreed and signed pre-contract terms for the acquisition of a large group of four companies in the United Kingdom, and will announce the details of this acquisition once its attorneys give the green light to do so. Meanwhile, ILUS is in the process of negotiating multiple US acquisitions in various states, including Florida, California, Ohio, New York and Texas. The company is also assessing several more large mergers and acquisitions in the UK, Europe and Canada.  At its Shareholder meet ups, ILUS announced that it is working on multiple large deals in Europe and the Middle East. One of these large deals, known by many as the “astronomical EU deal”, was confirmed by ILUS as being close to completion. The company confirmed that the first phase of this acquisition will involve the acquisition of the manufacturing facility for ILUS’ commercial electric utility vehicles (UTVs) which will be sold through dealers globally. The company clarified that the second, larger phase of the acquisition will be announced early in 2022. The acquisition forms part of a monumental government privatization deal where ILUS will take over the existing manufacturing facilities. The government is providing a substantial incentive to create and sustain jobs, with 1,500+ already employed at the manufacturing facilities. Furthermore, the deal will include manufacturing contracts, wit...