ILUS Summarizes Its Progress and Projections Following Its 2nd Annual Shareholder
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NEW YORK, NY – 
(NewMediaWire) – February 6, 2023 – ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. The company held its 2nd Annual Shareholder Meeting in Miami on the 27th of January 2023, summarizing 2022 performance and outlining the roadmap for 2023.
Some of the key highlights for 2022:
· 2020 and 2021 audits completed
· Form 10 filed and effective as of the 19th of December 2022 – SEC Reporting and Penny Stock Exempt status obtained
· Upwards of 450% growth in revenue over 2021
· Expansion to 8 companies in the group (now 11 companies)
· New Headquarter offices opened in Dubai, United Arab Emirates early in 2022
· Integration and consolidation of existing acquisitions
· Increase in facilities and manpower to over 10 million square feet and 1,200 employees respectively
Projections for 2023:
· Upwards of $200 million in revenue forecasted for current group companies
· Subsidiary up list already in progress with important announcements planned to take place in the very near future
· Two further acquisitions planned for closing in Q1 (in addition to Petro Line FZ LLC)
· Upwards of $180 million in additional 2023 Revenue for potential acquisitions with signed Letters of Intent in place or in late stages of negotiation
· Roll out of conglomerate objectives through four subsidiaries, using public “Special Purpose Vehicle” entities such as Quality Industrial Corp. to complete acquisitions without substantially increasing ILUS Outstanding Shares, creating optimal value for ILUS Shareholders
· Emergency Response Technologies subsidiary to increase US vehicle and equipment manufacturing through planned acquisitions
· Replay Solutions (Renewables subsidiary) is currently negotiating the acquisition of a well-established waste recycling company with several operations in Europe, the Middle East, and Africa
· Hyperion Defense Solutions (Defense subsidiary) has been incorporated and is currently negotiating its first of three targeted acquisitions towards completion
· Planned addition of senior executives to the Quality Industrial Corp. (QIND), Emergency Response Technologies (ERT), and ILUS boards
· Consolidation of new acquisitions and NetSuite ERP integration across current acquisitions
Since the 19th of December 2022, ILUS has been subject to the full reporting requirements of the SEC and looks forward to demonstrating its strong 2022 progress when filing its Form 10-K annual report prior to the 31st of March 2023. ILUS requests that Shareholders and Interested Parties review the filed Form 10 for in-depth information on the company, as well as the 8-K current reports which are filed and will continuously be filed by the company within four business days of any major events.
“Thank you to those Shareholders who attended our Annual Shareholder Meeting both in person and online, particularly those who travelled from far to join us in person. A lot of information was covered on the day which is why we have provided this brief summary with some key highlights. We have managed to build a truly phenomenal business in only two years and while it’s important to reflect on how far we have come, we are completely focused on building a multi-billion-dollar global company by 2025. With that in mind, a significant portion of our efforts and progress during the final weeks of 2022 and at the start of the new year will be unraveled during the first and second quarters of 2023, making for a very exciting next few weeks and months for our Team and our Shareholders,” said ILUS Managing Director, John-Paul Backwell.
A full recording of the 2nd ILUS Annual Shareholder Meeting can be found on the ILUS International YouTube channel or at this link: https://youtu.be/ADoERd1JDns
For further information on the companies, please see their communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Contact:
Email: IR@Ilus-Group.com
Source: ILUS
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Forward-Looking Statement
Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission (“SEC”) has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC’s guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels:
website: https://ilus-group.com Twitter: OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc (Ilustrato Pictures International Inc), so the public are recommended to follow the correct Media Channels relating to the public company OTC: ILUS
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