ILUS Plans Emergency Response and Industrial Subsidiary Spin Outs and Stock Dividend for Shareholders

Rhea-AI Summary

ILUS International Inc. plans to spin out its subsidiaries Quality Industrial Corp. and Emergency Response Technologies and pay special equity dividends to ILUS shareholders. Quality Industrial Corp. is planning a $7 million offering with an NYSE American uplisting. ILUS intends to pay a special equity dividend in the form of Quality Industrial Corp. stock. ILUS also plans to spin out several companies into Emergency Response Technologies and complete further acquisitions. ILUS will pay a special equity dividend in the form of Emergency Response Technologies stock. Further details on the dividends will be released later.

NEW YORK, NY, July 21, 2023 (GLOBE NEWSWIRE) -- 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. Following its recent Capital Markets Advisor appointment, the company has finalized plans to spin out its Quality Industrial Corp. and Emergency Response Technologies subsidiaries and pay special equity dividends to ILUS Shareholders of record.  

ILUS owns 67.8% of its publicly listed Industrial subsidiary, Quality Industrial Corp. (QIND). The subsidiary is planning an offering of approximately $7 million with an NYSE American uplisting. Following QIND’s NYSE American uplisting, ILUS intends to pay a special equity dividend in the form of QIND stock to ILUS Shareholders of record. It is planned for the special equity dividend to be paid from a portion of the QIND stock already owned by ILUS, causing no dilution within QIND itself. There can be no assurance to the timing or whether the company will be able to successfully complete the offering and NYSE American uplisting.

ILUS currently owns 100% of the 100,000,000 authorized shares of Emergency Response Technologies Inc. (ERT), a Delaware registered private company. The company plans to spin out several of its existing aligned companies into ERT and intends to complete further acquisitions by ERT. ILUS plans to pay a special equity dividend in the form of ERT stock to ILUS Shareholders of record. ERT intends to complete its targeted acquisitions followed by a public offering and listing on a National Stock Exchange. There can be no assurance to the timing or whether the company will be able to successfully complete the public offering and listing on a National Stock Exchange.

Regarding the aforementioned special equity dividends, ILUS plans to release further details including the record date for Shareholders as and when appropriate.

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

FAQ

What is ILUS International Inc. focused on?

ILUS International Inc. is focused on acquiring and growing companies in the public safety, industrial, defense, and renewable sectors.

What subsidiaries is ILUS planning to spin out?

ILUS plans to spin out Quality Industrial Corp. and Emergency Response Technologies.

What is Quality Industrial Corp. planning?

Quality Industrial Corp. is planning a $7 million offering with an NYSE American uplisting.

How will ILUS pay special equity dividends to shareholders?

ILUS intends to pay special equity dividends in the form of Quality Industrial Corp. stock and Emergency Response Technologies stock.

What will happen to the spun-out companies?

The spun-out companies will complete further acquisitions and potentially go public.

When will further details on the dividends be released?

Further details on the dividends will be released at a later date.