OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Updates Shareholders on Its Acquisition Strategy, Deals and NASDAQ Up List Plans 

Rhea-AI Summary

ILUS International (OTC: ILUS) announced significant progress in its 2021 performance, completing precontract agreements for three US acquisitions projected to add $12 million in annual revenue. The company reported its strongest quarter yet in Q3, achieving revenues exceeding $3 million with $4 million in actual sales. ILUS is also pursuing acquisitions in Europe and the UK, targeting companies with annual revenues totaling $10 million. Plans for a NASDAQ up-list remain on track, with ongoing acquisition strategies aimed at bolstering its public safety technology portfolio.

Positive

• Completed precontract agreements for US acquisitions expected to add $12 million in annual revenue.
• Achieved over $3 million in Q3 revenues; actual sales near $4 million.
• Plans to acquire a group of four UK companies with approximately $10 million in annual revenues.
• Ongoing efforts to partner with a first response software company expected to generate significant revenue.

Negative

• Shipping delays affected revenue recognition in Q3.

NEW YORK, NY, Nov. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. The company has been in the process of successfully completing multiple acquisitions in 2021, whilst also working on multiple large deals which all form part of the company’s NASDAQ up list plans. ILUS recently completed a Shareholder Questions and Answers video and an Update video where the company’s Managing Director, John-Paul Backwell, answered important Shareholder questions and gave an update on year-to-date performance, deal progress, strategy, and upcoming plans. 

Links to both videos are available here: 

•  ILUS Second Q&A, 10/28/2021: https://youtu.be/wcwL0vWg5mM
•  ILUS Update and Roadmap Highlights: https://youtu.be/BgpvBmVB8U8

ILUS updated on its 2021 performance which includes the signing of precontract agreements for 3 US acquisitions which will add a further $12 million in annual revenue to the company. The US acquisitions, when completed, will mean that the company will have acquired 6 companies in 2021 and ILUS confirmed that it has multiple acquisitions in the pipeline, as it looks to close out 2021 strongly and carry a great deal of momentum into the new year. 

ILUS has begun the process of shipping equipment and vehicles like its E-Raptor electric UTV, plastic welding machinery and raw materials over to the US so that its acquisitions can prepare for the manufacture of ILUS technology in the United States. The company also confirmed that the third quarter of 2021 has been its strongest quarter yet, with revenues of more than $3 million, and actual sales were closer to $4 million, with additional orders coming in during the quarter that were not possible to invoice in time due to shipping delays. 

ILUS confirmed Bull Head Products, which ILUS has recently signed a precontract agreement with, and BCD Fire are both working on large orders. BCD Fire was recently awarded the second phase of the BURJ 2020 contract which is an additional $1 million contract following the previous contracts it received. ILUS has been upscaling the labour force of BCD Fire and the acquisition is now targeting several large contracts in the region. Simultaneously, Bull Head Products is in a strong position to win a $1.1 million contract in Mississippi, with the prospect of long-term ongoing vehicle contracts with the customer which is a prominent global company.  

ILUS has continued to expand its workforce and in addition to several recent hires in the engineering, production, and operations departments, it has employed a salesperson for its virtual reality fire extinguisher and first response training, which is being launched in Dubai, before being expanded into global markets. ILUS’ partnerships with TakeLeap and Milanion are continuing to develop, with the virtual reality training being a result of the TakeLeap partnership and the ILUS R&D team is currently conducting autonomous fire vehicle testing in conjunction with Milanion for a customer requirement. 

ILUS is now beginning a partnership with a prominent New York based first response software company that has ground-breaking emergency responder notification and monitoring software.  The company’s revolutionary technology goes beyond rapid response and provides the opportunity for immediate response to be possible for first responders. ILUS will be entering into a unique and exclusive partnership with this company and expects to generate significant revenue from the sales of its disruptive technology that is predicted to transform the emergency response industry. 

Nick Link, ILUS CEO, is currently in Europe working on the astronomical European deal which ILUS confirmed will take place in two parts as follows: the first part of the deal, which ILUS hopes to complete this year, although it could run into the first quarter of 2022 due to holiday festivities, will involve manufacture of the E-Raptor range of commercial electric utility vehicles and smaller rapid response fire vehicles. The second, astronomical part of the deal will involve larger fire vehicles, military vehicles and associated large manufacturing contracts. This second phase should take place early 2022. ILUS clarified that the EU acquisition is a privatization deal which involves taking over the manufacturing plants, its operations and 1,500 staff. The manufacturing plant supplies several countries across Europe and globally, including key regions which ILUS plans to break into.

ILUS has been working on a significant UK acquisition as part of the next phase of its acquisition strategy. The UK acquisition is for a group of four companies which are incredibly well aligned with the ILUS strategy. The targeted acquisition supplies multiple ILUS competitors in the UK and Europe; it is a well-structured and operated company with annual revenues of approximately $10 million. ILUS is also intending to complete an acquisition in Florida for a fixed firefighting systems business with significant Orlando-based customer contracts in place.  

ILUS confirmed that it remains focused on up listing to NASDAQ and is therefore acquiring the highest quality assets into the company. ILUS’ goal is to become a conglomerate, a large multi-industry and multinational company operating multiple business entities under one corporate group. To make this a reality, ILUS aims to acquire multiple firefighting equipment companies like FireBug, fixed firefighting systems companies like BCD Fire, as well as other associated and complimentary manufacturers and distributors, such as those which it has already been acquiring. Beyond this, ILUS plans to acquire multiple renewable and sustainable energy companies to build on efforts with existing E-Raptor electric vehicles, with its own vision on electric vehicles to form part of a group as well. 

ILUS’ first phase of acquisitions in the US has been to acquire manufacturing capability, market knowledge and foundational routes to market for its existing technology. This phase is being completed, allowing the company to move into phase two, which is to acquire multiple distributors of firefighting equipment products which will extend ILUS’ reach using existing technology and much more. This is how ILUS plans to dominate the US market for the sale of firefighting equipment, sell more existing innovative and disruptive technology and have a wide-open highway for the introduction of new technologies such as autonomous firefighting, new wildfire solutions and much faster emergency response solutions, all of which the company believes will ultimately save more lives. 

ILUS is simultaneously looking to partner with and acquire multiple IoT and software technologies that complement current acquisitions and ongoing strategy in the emergency response space. ILUS believes that firefighting and rescue equipment is vital, but it is only as good as the organization, notification, communication, and wearable technology solutions that go with it. Software as a Service (SaaS) solutions and their associated financial model with recurring revenue is integral to ILUS’ growth and future plans. ILUS is also aware that these SaaS companies also achieve much higher valuation than standalone manufacturing companies. 

Recently, ILUS started due diligence on a company which has annual revenues in excess of $100 million and this forms part of ILUS’ NASDAQ up list plans. As part of these plans, ILUS will be acquiring a significant global firefighting equipment company, which has the aforementioned revenue and products which are a household name in the global firefighting industry. This would be complemented by the company’s growing distribution network with the numerous acquisitions and other manufacturing businesses being acquired. ILUS then aims to repeat this process with a large global fixed firefighting system company. The company confirmed that it will present its full roadmap and NASDAQ up list plans in much clearer detail at the ILUS Annual Shareholder’s Meeting on the 28^thof January 2022. Between now and then, ILUS will be completing numerous acquisitions and releasing further exciting announcements. 

ILUS is dedicated to growing its team and partnering with the right firms with the right skills to maximize its success. A full-time acquisition broker is working with ILUS to target, initiate and close multiple acquisitions. ILUS is also talking to potential members for its Board of Directors for the NASDAQ company. The company’s NASDAQ board will include individuals who have taken companies to NASDAQ along the route ILUS is currently following. It will also include members who are experienced, successful, and influential at the highest levels within the firefighting industry. As it prepares for its up listing, ILUS also confirmed that its beginning to advertise for several C-Level positions including a CFO, in-house SEC attorney and more vital board level positions.  

In closing, ILUS Managing Director, John-Paul Backwell, commented: “ILUS remains focused on the growth of a long term and sustainable company which continuously adds shareholder value. All business decisions are made whilst prioritizing aggressive growth and optimal value for our Shareholder Family. November is an exciting month for ILUS as we continue with multiple acquisitions, large deals, and significant partnerships. We will then file our strong 3^rdquarter results a few days before meeting many of our Shareholders in New York and Las Vegas, which we are excited about. There is plenty more to come from ILUS in the fourth quarter and as we head towards our first Annual Shareholder’s Meeting.”

For further information on the companies, please see their communication channels:

Website: https://ilus-group.com
Twitter: OTC_ILUS

Contact: 

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 webcastsalso 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.

FAQ

What acquisitions has ILUS International completed in 2021?

ILUS has completed several acquisitions in 2021, including three US acquisitions projected to add $12 million in annual revenue.

What is ILUS's revenue for the third quarter of 2021?

ILUS reported revenues exceeding $3 million in the third quarter of 2021, with actual sales closer to $4 million.

What are ILUS International's plans for NASDAQ up-listing?

ILUS aims to up-list to NASDAQ by acquiring high-quality assets and completing numerous acquisitions as part of its growth strategy.

Which sectors is ILUS targeting for acquisitions?

ILUS is focused on acquiring companies in public safety technology, firefighting equipment, and renewable energy sectors.

What new partnerships is ILUS pursuing?

ILUS is entering a partnership with a New York-based first response software company that provides groundbreaking emergency responder technology.