OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides a Share Structure Update
ILUS International Inc (OTC: ILUS) is a mergers and acquisitions company focused on public safety technology. The company plans to reduce its outstanding shares from 1.263 billion by 180 million through the cancellation of 40 million shares and converting 140 million shares to preferred status. Following this reduction, ILUS intends to maintain around 1.2 billion outstanding shares. CEO Nicolas Link highlighted the company's commitment to creating shareholder value and expressed optimism about revenue growth despite challenging market conditions.
- Successful acquisitions leading to exponential growth.
- Plan to reduce outstanding shares by 180 million, enhancing shareholder value.
- Commitment to improving financial metrics and maintaining a strong balance sheet.
- Market conditions remain challenging, potentially impacting business growth.
NEW YORK, NY, Feb. 14, 2022 (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. Having acquired several companies and delivered exponential growth in its first year since taking over from previous management, the company has also continuously been working to improve its Share Structure as part of its ongoing motivation to create further Shareholder value.
The current amount of ILUS outstanding shares is 1,263,530,699 and the company is currently in the process of reducing these outstanding shares by a further 180 million. This will be completed in the coming days and weeks by updating the previously announced cancellation of 40 million shares and moving 140 million of ILUS CEO Nicolas Link’s common shares to a preferred share category.
ILUS confirmed that it will be issuing three blocks of restricted shares for completed acquisitions, however the company clarified that following this, outstanding shares should remain in the region of 1.2 billion and it will continue its efforts to get outstanding shares down to as close to 1 billion as possible.
ILUS is considering options to offer its Shareholders an opportunity to lock up shares in a preferred category which will further reduce the company’s outstanding shares.
ILUS CEO, Nicolas Link, said: “Following the completion of several acquisitions, the confirmation of two significant funding arrangements, and the simultaneous tough market conditions which we and many companies are facing, we felt it important to keep our Shareholders updated on our Share Structure. As mentioned at our Annual Shareholder’s Meeting recently, our immediate goal after completing the current round of acquisitions is to get the OS down to 1.2 billion, and we are on track to achieve this when we update the SS soon.
“We remain committed to not only building the ILUS conglomerate but ensuring that we create further value for our Shareholders in the process. While market conditions remain challenging, we are more confident than ever in our business plan and the creation of a sustainable business with a strong balance sheet, strong revenue, and the continuous disruption of the markets we are targeting. From a business growth perspective, we are off to a flying start this year and we remain on track towards delivering on our milestones.”
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
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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 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.
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