Business
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Will be Announcing its First Quarter Results During the Week Commencing 16 May 2021
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Will be Announcing its First Quarter Results During the Week Commencing 16 May 2021.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, May 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a M&A company focused on acquiring and developing technology-based companies globally. The company has already completed 3 acquisitions in 2021 and has also already reached significant progress milestones during the second quarter.  ILUS International (ILUS) is focused on building solid foundations which will enable it to pursue its aggressive growth and acquisition plans. This process has continued very well since the new management took over the company in late January 2021. An aggressive administrative clean-up of the company reporting, filings and back office has been underway. The company has also successfully negotiated the settlement of the majority of the historic debt/notes with further details on this being released soon.  ILUS is currently undergoing audits in order to be fully reporting. The Form 10 preparation is underway and the official name change will commence once the Form 10 is effective. In addition, the company has submitted an application to the Canadian authorities to have a Cease Trade Order (CTO) lifted that was applied in Canada in 2012/2013. Since the submission, subsequent documents have been supplied and ILUS expects the CTO to be lifted soon.  The company is pursuing a number of global strategic acquisitions. These are at various stages of due diligence and/or negotiation. In conjunction with the acquisitions, the company is exploring the opening of a facility in India in order to facilitate imminent contracts; and beyond this, ILUS expects to open its first facility in the USA before the summer is over.  The company is currently recruiting a number of senior managers to help facilitate the integration and expansion of the businesses.  The ILUS coin was successfully launched and is still in Pre-Sale stage where it can be purchased at a discount to the listing price off the ILUS Coin website. Those who are interested may follow the Coin’s news on the relevant social media channels. The ILUS coin is expected to assist ILUS with its aggressive growth plans and with social impact, as ILUS strives to make the world safer through the leasing of ILUS Fire and Life Safety Equipment to customers that urgently require the equipment but cannot afford the ...