NEW YORK, NY -- December 29, 2023 -- InvestorsHub NewsWire --
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 signed contracts to
acquire the controlling interest of an OTC listed SEC Reporting
company. An update is provided on several matters of importance for
Shareholders including the acquisition, an associated dividend for
ILUS Shareholders, merger agreement negotiations, subsidiaries, and
financing.
The acquired OTC company will be majority owned and controlled
by ILUS. Details of the acquisition will be announced at the start
of the new year, as transfer agent procedures and new management
appointments are currently being completed. The acquired entity,
hereafter referred to as Emergency Response Technologies (ERT),
will be developed as a Special Purpose Vehicle for the finance and
accelerated growth of the Emergency Response assets which are
currently owned by ILUS. These assets will be merged into ERT, for
a stock consideration, with ILUS retaining control of ERT and
reaping the potential benefits of its accelerated
expansion.
Following ERT's acquisition of Emergency Response assets from
ILUS, it intends to pay a special equity dividend to ILUS
Shareholders and ERT has appointed its own legal counsel with whom
it is finalizing the matter. ERT plans to follow the required
corporate action process in order to dividend out a substantial
amount of "ERT" shares to ILUS Shareholders. The structure of the
dividend is such that following its intended payment to ILUS
Shareholders, ILUS will retain its controlling interest in
ERT.
Following in the footsteps of ILUS' Industrial subsidiary,
Quality Industrial Corp. (OTC: QIND), which effected a name and
ticker change in August 2022, ERT also plans to conduct a name and
ticker change. ILUS believes that the acquisition will add
significant value to its structure and operations, as the acquired
entity has its own funding line in place for purposes of expansion,
and such access to capital will be non-dilutive to ILUS
Shareholders. Therefore, ERT intends to complete a previously
mentioned significant acquisition which is already in negotiation,
following which it will prepare itself for an uplist to a major
stock exchange.
Having been approached, the ILUS management team is currently in
discussions regarding a merger with a NASDAQ listed company.
Therefore, a non-binding term sheet has been signed with the NASDAQ
company for purposes of further exploring the merger opportunity
for ILUS or its subsidiaries. Following initial meetings, both
parties are currently conducting their due diligence, and should
negotiations develop to the point that a deal is deemed probable,
announcements will be made accordingly.
On December 7th, 2023, ILUS' Industrial subsidiary,
Quality Industrial Corp. (OTC: QIND), filed its amended S-1
Registration Statement for the sale of its common stock in a firm
commitment public offering and concurrent NYSE American listing.
The subsidiary is working towards S-1 effectiveness and aims to
uplist early in the new year. As of this date, QIND has not heard
back from the Securities and Exchange Commission regarding its
1st amendment of the S-1. Meanwhile, QIND confirms that
its operating company, Quality International has received a
purchase order of $73 million from a US headquartered, NASDAQ
listed, global company. The order will be delivered through the
course of 2024 and 2025 and invoiced according to the achievement
of delivery milestones. QIND is currently working with its
investment bank to raise interim bridge financing for the company
which would carry itself through to its intended uplist.
The raising of bridge finance for QIND and the expansion of ERT
with its own funding arrangements in place forms a critical part of
ILUS' structuring in preparation for the new year. The company aims
to avoid taking on substantial debt and dilutive funding in 2024,
given that its core subsidiaries should be in a position to sustain
their own capital requirements. This creates the opportunity for
ILUS to start paying down its debt and in this regard, the company
hopes to reach suitable agreements with its lenders.
As ILUS focuses on the expansion and uplist of its key
subsidiaries, ERT and QIND, the company will be simultaneously
disposing of non-core assets without losing its rights, or
potential advantages from them as they continue their expansion
outside of ILUS. This decision has been made by management so that
ILUS should not have to raise capital for businesses which are not
critical to its progress or Shareholder value.
ILUS is therefore in discussions to sell non-core assets such as
its urban mining business, Replay Solutions, to CGrowth Capital
(CGRA). Management's assessment is that CGRA's mining business is
well aligned for the expansion of Replay Solutions, especially in
terms of its skills and current operations, and has the necessary
capital for the short to medium-term advancement of Replay
Solutions. ILUS therefore plans to sell Replay Solutions to CGRA
for stock, which although it will have very little impact in terms
of cash on the ILUS balance sheet, it will eliminate the
requirement for ILUS to raise capital for Replay Solutions, which
the urban mining company will require for its expansion in 2024.
However, the stock obtained from the sale of Replay Solutions will
have a tangible value to ILUS going forward. As part of the deal,
which is in its closing stages, ILUS will retain its rights to
Replay Solutions for the US market.
ILUS CEO, Nicolas Link concluded: "Despite 2023 being a very
challenging year for us, we have continued our growth and are
implementing a very structured operational plan for our
subsidiaries in 2024 and beyond. We believe that this more
streamlined plan will add significant asset value and we will
present specifics of our plan at our next Shareholders Meeting.
While our share price has been under significant downward pressure,
and while enduring very challenging market conditions which have
crippled so many companies, we have continued to sustain and build
valuable assets. We believe this is not yet reflected in our market
cap, especially when one considers that one of our subsidiaries has
a higher market cap than ILUS itself. We continue to work our
utmost to ensure that the true value of our assets will be
reflected and that this value will begin maturing for our
Shareholders during 2024. We especially thank our long-term
Shareholders for your continued support and wish you a happy,
healthy, and prosperous New Year."
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)
過去 株価チャート
から 10 2024 まで 11 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
過去 株価チャート
から 11 2023 まで 11 2024
