NEW YORK, NY -- December 9, 2021 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS): ILUS remains focussed on its M&A strategy of
acquiring and growing global technology companies. The company
acquired three companies in its first two quarters of 2021, one in
the UK and two in the Middle East. During Q3 and Q4, ILUS signed
pre-contract agreements for the acquisition of three companies in
the United States, and more recently with a UK-based group of four
companies, which it is due to announce soon.
ILUS’ team of attorneys are very close to the completion of the
three US acquisitions where ILUS has already agreed and signed
pre-contract agreements. The company is confidently aiming to
complete the transactions of at least two of the three acquisitions
before year end although possibly before Christmas, following which
it will be able to announce full details on the acquisitions, with
the ILUS sales and marketing teams already involved in
implementation planning for as soon as the transactions close.
Meanwhile, ILUS has since been conducting due diligence on further
strategically aligned acquisition targets in the US, Canada, UK,
and Europe, and has regularly been discussing acquisition
opportunities with several Asian companies but wished to update
Shareholders that it has taken further steps forward towards the
acquisition of a very profitable, prominent Asian technology
development and manufacturing company which holds enormous
potential for expansion.
ILUS is targeting the acquisition of an Asian headquartered
Group of companies which operate in the emergency response,
aerospace, defence, logistics and security solutions sectors. The
group designs, engineers and manufactures a diverse range of
solutions for the public safety industry, spanning from
firefighting vehicles right through to robotic automation solutions
which are used in global manufacturing plants. The group already
has a strong footprint in Asia with global customers that include
well-known aviation companies, defence manufacturers and
international organizations. ILUS is confident that for many
reasons, this would be a very well-aligned acquisition. It
confirmed that discussions have gained momentum and are moving
quickly, with further details to be shared in due course as various
legal stages are surpassed.
As part of its aggressive growth strategy, ILUS originally
targeted the acquisition of a well-established fire truck and
rescue vehicle manufacturer and converter in Asia, knowing that
this company supplies many fire brigades across the region and
manufactures some of the world’s most innovative rescue vehicles
and robotics systems for emergency responders. On its own this
company would be an important acquisition for ILUS, but with-it
being part of the larger group which is also incredibly well
aligned with ILUS in terms of technology innovation, ILUS decided
to target the acquisition of the entire Group of companies.
In Asia, government public safety organisations in the likes of
Singapore, Malaysia, South Korea, and Japan are often very
well-funded and the region is of extraordinary value to the growth
of ILUS. In this region, ILUS plans to follow a similar strategy to
that of the US market, where it will acquire manufacturing
capability and additional technology innovation and then acquire
routes to market through the acquisition of multiple regional
distributors. This targeted acquisition will provide ILUS with
exceptional manufacturing capability, including for technology and
solutions that can be utilised by other ILUS acquisitions and/or
sold by them. It will also provide the optimal foundation for ILUS’
growth into the Asian region and very significantly, it will
provide ILUS with an extensive list of global multinational
customers to which it can cross-sell its existing and future
technology.
John-Paul Backwell, ILUS Managing Director, said the following
of the targeted Asian acquisition; “There has been so much positive
news in the last few months, with many acquisitions taking place,
new ones being agreed and plenty of even more exciting discussions
going on. We are steadfast in our dedication to accelerating
manufacturing capability and providing access to life saving
solutions on a global scale, and we are using innovative
technologies, companies, and partnerships to do this. Incredible
progress has already been made in the UK, Middle East, US, and
Europe. Adding to this, the Asian public safety market is enormous,
and this would be a perfectly aligned acquisition which will be
fantastic for the growth of ILUS. Progress so far is very positive,
and we only announce potential deals when we know there is a high
probability of us concluding them, although we do have several
processes still to go through on this one. In the meantime, we
still plan to be making a number of important announcements between
now and year end.”
In a brief acquisition summary provided by ILUS, the company
confirmed that it expects at least $12 million in annual revenue in
2022 from its first 3 US acquisitions, and a further $12 million in
2022 from its soon to be announced, agreed UK acquisition, which it
has signed pre-contract terms with. ILUS is currently conducting
due diligence on several companies including the Asian company
which has an annual revenue of $30 million. The company is in
acquisition discussions with multiple firefighting equipment
manufacturers and distributors, fixed firefighting system
manufacturers and installers, UAV manufacturers, specialised
technology manufacturers, software development companies and even a
very disruptive electric vehicle manufacturer. Annual revenues for
these acquisition targets range from $2 million to $40 million.
Furthermore, ILUS is still conducting due diligence on an
acquisition target with consistent annual revenue of more than $100
million, with this acquisition forming part of its first NASDAQ up
list plan. Although some have incorrectly linked the two, this
acquisition is separate from the company’s substantial EU
acquisition, where agreement is in place and contracts are being
finalised by a team of Attorneys and the Government of the
respective European Country where the acquisition is taking
place.
For further information on the companies please see the ILUS
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 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
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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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