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OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Updates Shareholders on Its Acquisition Strategy, Deals and NASDAQ Up List Plans
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Updates Shareholders on Its Acquisition Strategy, Deals and NASDAQ Up List Plans.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, Nov. 02, 2021 (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 has been in the process of successfully completing multiple acquisitions in 2021, whilst also working on multiple large deals which all form part of the company’s NASDAQ up list plans. ILUS recently completed a Shareholder Questions and Answers video and an Update video where the company’s Managing Director, John-Paul Backwell, answered important Shareholder questions and gave an update on year-to-date performance, deal progress, strategy, and upcoming plans.  Links to both videos are available here:   ILUS Second Q&A, 10/28/2021: https://youtu.be/wcwL0vWg5mM ILUS Update and Roadmap Highlights: https://youtu.be/BgpvBmVB8U8 ILUS updated on its 2021 performance which includes the signing of precontract agreements for 3 US acquisitions which will add a further $12 million in annual revenue to the company. The US acquisitions, when completed, will mean that the company will have acquired 6 companies in 2021 and ILUS confirmed that it has multiple acquisitions in the pipeline, as it looks to close out 2021 strongly and carry a great deal of momentum into the new year.  ILUS has begun the process of shipping equipment and vehicles like its E-Raptor electric UTV, plastic welding machinery and raw materials over to the US so that its acquisitions can prepare for the manufacture of ILUS technology in the United States. The company also confirmed that the third quarter of 2021 has been its strongest quarter yet, with revenues of more than $3 million, and actual sales were closer to $4 million, with additional orders coming in during the quarter that were not possible to invoice in time due to shipping delays.  ILUS confirmed Bull Head Products, which ILUS has recently signed a precontract agreement with, and BCD Fire are both working on large orders. BCD Fire was recently awarded the second phase of the BURJ 2020 contract which is an additional $1 million contract following the previous contracts it received. ILUS has been upscaling the labour force of BCD Fire and the acquisition is now targeting several large contracts in the...