NEW YORK, NY -- November 2, 2021 -- InvestorsHub NewsWire --
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 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
28thof 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 3rdquarter 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
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
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