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OTC:ILUS, ILUS International Inc, Announces That Canadian Brokers May Now Trade ILUS Stock
OTC:ILUS, ILUS International Inc, Announces That Canadian Brokers May Now Trade ILUS Stock.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n The 2012 Cease Trader Order (CTO) in Canada Has Now Been Revoked  NEW YORK, NY, June 03, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a M&A company which acquires and develops technology-based companies globally. The company has very aggressive and focused growth plans after new management took over in January 2021.  ILUS International Inc (Symbol OTC: ILUS), previously named Superior Venture Corporation in 2012, later renamed Cache Elite Inc and then renamed Ilustrato Pictures International Inc, had a Cease Trade Order (CTO) applied in 2012 due to various administrative and filing deficiencies at that time. This Cease Trade Order meant that ILUS securities could not be traded in Canada.  A new Management Team led by new Chief Executive Officer, Nicolas Link, took over ILUS in January 2021 and immediately began to remedy all the previous administrative and reporting deficiencies by bringing the company up to date with its regulatory filings and reporting while simultaneously acquiring three companies since taking over.   As of 2 June 2021, Canadian Authorities officially revoked the Cease Trade Order in Canada, allowing ILUS stock to be traded through Canadian Brokers. The Canadian Authorities also approved the name change from Ilustrato Pictures International Inc to ILUS International Inc.  The State of Nevada also recognises the name change to ILUS International Inc, however SEC/FINRA will only approve the name change in the USA public markets once the company has submitted its form 10, which the management is currently busy preparing alongside the audit to become fully reporting.    The company is preparing and strengthening its Back office, Governance, Reporting, Executive and Non-Executive Board of Directors in preparation for rapid growth and a number of acquisitions which are in the pipeline, including those which are currently being negotiated by management in the United States. This is all in addition to the company’s current exponential organic growth with new product updates and launches. ILUS is acting in preparation for delivering on the company’s vision to up list to a major exchange as soon as possible.   Whilst the company is currently focused heavily on acquisitions, the organic growth i...