NEW YORK, NY via NewMediaWire
-- 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 has finalized its next acquisition and made exceptional
progress across its Public Safety and Renewables subsidiaries, in
line with the business plan presented to Shareholders at its last
Annual Shareholders Meeting.
ILUS' Industrial subsidiary, Quality Industrial Corp. (QIND),
successfully filed its S-1 Registration Statement on the
19th of September, 2023. The subsidiary is now awaiting
comments from the SEC, following which the Registration Statement
will be updated with the underwritten offering. As communicated
previously, following effectiveness of the S-1, QIND intends to
uplist to the NYSE American. The subsidiary is currently in a quiet
period.
As per the business plan presented to Shareholders in January
2023, and following in the footsteps of QIND, ILUS has finalized
the acquisition of a company as a Special Purpose Vehicle to roll
out the next phase of its subsidiary business plan.
"Over the past few months, our team has been extremely focused
on delivering the business plan for our Public Safety and
Renewables subsidiaries in particular. Although market conditions
have been exceptionally challenging and filing of the QIND S-1 took
an immense and lengthy effort by our QIND team, we have nonetheless
made vital progress across our businesses and completed several
stages of the important negotiations necessary for us to roll out
the next chapter of our business plan," said ILUS Managing
Director, JP Backwell.
"We have a broad set of skills and experience on our team,
including the likes of Dan Peters and several very experienced and
committed team members. Each subsidiary has its own CEO or Managing
Director who have continued to work with JP and myself to progress
their businesses behind the scenes. No part of our business has
been neglected and while some have been at the forefront of news
over the past few months, we have ensured that the leadership of
each subsidiary has continued to make simultaneous progress. We now
look forward to announcing our next strategic acquisition and
exhibiting results of the progress made in our businesses," added
ILUS CEO, Nicolas Link.
During the third quarter, ILUS finalized the strategy and
administrative procedures to spin out several of its public safety
businesses into Emergency Response Technologies (ERT), which is
wholly owned by ILUS. The ERT strategy will be rolled out over the
coming months and the subsidiary also intends to complete further
acquisitions to add United States based firefighting and ambulance
manufacturing as well as a global wildfire equipment range to its
portfolio.
In the United States, Georgia Fire and Rescue Supplies (GFR) had
a strong third quarter with increasing order quantities and started
the fourth quarter with over $1 million in new purchase orders.
This is a positive step for the business which has historically
turned over $300,000 to $450,000 per month and ILUS expects that
GFR will deliver significant growth over its 2022 results.
Furthermore, after discussions with a global wildfire equipment and
vehicle manufacturer, GFR has obtained distribution rights for
their wildfire equipment and vehicles in Georgia, Florida, and
Tennessee. These products will soon be loaded onto the GFR website
and an upgrade to their website is also underway to incorporate
several new changes and additions. In Tennessee, Bull Head Products
(BHP) has continued its steady growth. During August, ILUS moved a
senior operations manager from its head office in Dubai to be based
in Georgia and oversee operations at both GFR and BHP, which are
within a 4-hour drive of each other. As a result, the company has
seen significant improvements in the operational efficiency at both
businesses. BHP is currently seeking larger facilities in the
Kodak/Knoxville area of Tennessee in order to increase its
production capacity.
In the Middle East, ILUS has incorporated its ERT Middle East
division and is currently completing the administrative procedures
to consolidate its local public safety businesses into the regional
division. The company is also merging the operations of BCD Fire
and Al Shola Safety, who both service the fire protection sector.
ILUS believes that merging the two businesses which have the same
target market will reduce their operating costs by as much as 40
percent and increase their ability to bid for and win larger
contracts. ILUS' regional firefighting equipment and rapid response
vehicle manufacturer, FireBug Mechanical, has bid on several
contracts with a total value of $19 million and is currently
shortlisted in a $3.5 million bid to supply rapid intervention
firefighting vehicles to Saudi Arabia's NEOM region. During the
third quarter, ILUS shifted FireBug's firefighting equipment
development and manufacturing to a facility outside Belgrade in
Serbia. The company also delivered several orders to distributors
in India and the Middle East and is subsequently ramping up its
product development, testing and manufacturing capability out of
the Serbian facility.
At the same facility in Serbia, several E-Raptor 6x6 commercial
electric utility vehicles are nearing production completion, with
three vehicles already ordered by a local municipality. Although
there was a delay in delivery of two major components from the East
which has impacted the production line, it is expected that the
first batch of vehicles will be delivered in November while
sourcing has already been completed for production of the new 4x4
range which will commence early in the first quarter of 2024. ILUS
has promising developments underway for its Renewables subsidiary
which now includes both Replay Solutions and E-Raptor EV
Technologies. The company intends to make further Renewables
subsidiary announcements during the fourth quarter, with
substantial growth expected for the subsidiary over the next 12
months.
Regarding the previously announced plans for special equity
dividends in the form of QIND and/or ERT stock for ILUS
Shareholders, the company plans to release further details
including the record date for Shareholders as and when appropriate.
Details regarding the intended QIND dividend are planned for
release once S-1 comments are obtained and there is additional
clarity regarding timing of the planned QIND uplisting.
ILUS wishes to inform Shareholders that its next Annual
Shareholder Meeting will take place in Miami on Friday the
26th of January, 2024. The company will summarize its
2023 results and present its business plan for the new year, with a
specific focus on its Public Safety and Renewables
subsidiaries.
Nicolas Link concluded: "We continue to roll out the business
plan as presented to Shareholders. Although we have encountered
significant hurdles along the way and some aspects of our progress
have been delayed, we have grown the business substantially and
delivered several key milestones. We are working harder than ever
to progress and deliver the remaining plans which we have
communicated to Shareholders, and nothing has changed in that
regard. We may have had to adapt under the conditions but
regardless of what the markets throw at us and the related
challenges we may face, we continuously find a way through or
around the obstacles and steadily deliver our conglomerate
vision."
For further information on ILUS, please see its communication
channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
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: ILUS_INTL
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
Ilustrato Pictures (PK) (USOTC:ILUS)
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Ilustrato Pictures (PK) (USOTC:ILUS)
過去 株価チャート
から 11 2023 まで 11 2024
