NEW YORK, NY -- February 1, 2022 -- 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. ILUS held its first in-person and online Annual
Shareholders Meeting since taking over from the previous management
of Ilustrato Pictures International Inc. During the meeting, ILUS
shared its latest news, discussed its roadmap and opened the floor
to questions. This press release briefly summarises the information
shared. For further information and context, the recording of the
event will be made available within the coming days.
ILUS confirmed that it is planning several spin offs and the
company is working behind the scenes on its first up listing. The
company will soon be announcing the investment bank which it will
be partnering with for its first planned up listing. The
company is creating several divisions within its groupsuch as
Emergency Response Technologies, Integrated Systems, Renewables and
Defense. Each of these divisions are being developed through
acquisitions and growth to have the potential to up list, as are
ILUS’ recent acquisitions, such as Vira Drones which could have the
potential to up list on its own.
Having already completed several acquisitions, ILUS confirmed
that it has many more on the way in the short, medium, and
long-term. ILUS itself is acquiring and growing the companies,
which it is grouping into strategically and technologically aligned
divisions. ILUS aims to become a conglomerate which, following
several successful spin offs, could itself up list. ILUS plans to
hold a 50-80% share of each up listed company which will
substantially increase the company’s balance sheet.
The ILUS divisions mentioned during the Shareholder meeting were
Emergency Response, Integrated Systems, Renewables and
Defense. The company plans to roll up all current and upcoming
emergency response businesses into Emergency Response Technologies
(ERT), including a $100m+ revenue acquisition, which when all
combined, the company intends on having an approximate valuation in
the region of $500 million. This division has the potential to
become ILUS’ first planned spin off. ERT would include
manufacturing and distribution of patented firefighting technology,
disruptive technology such as wearable technology utilizing IoT,
robotics and automation, rescue drones, rapid response, and
incident management solutions. ILUS is already executing this plan
with current acquisitions, partnerships, and acquisitions which it
is conducting due diligence on. ILUS confirmed that it does
not plan on taking any division such as ERT to NASDAQ without
substantial revenue, hence the $100m+ acquisition which would take
place in conjunction with the up listing.
ILUS’ Integrated Systems division includes fixed
firefighting systems, fire protection, smart sensor technology and
aligned solutions such as VR and AR training. Given the size of the
fire protection market alone and the innovative technology which
ILUS is developing and acquiring, the company is forecasting a
valuation for this division of $400m+. ILUS also confirmed its
Renewables division where it plans to include its current
Commercial Electric Utility Vehicle business as well as look into
an urban mining operation at a later date. ILUS confirmed that it
is also planning to enter the Defense sector in the near future,
where the company believes innovative technology that it is
developing and acquiring will play a major role in protecting
countries and saving more lives.
Following its recent acquisition of Vira Drones, the completion
of agreed US acquisitions, and KurveXR, ILUS confirmed that it will
publish individual press releases on each acquisition in the coming
days.
Regarding ILUS’ acquisition of the pioneering Unmanned
Aerial Vehicle (UAV) company, Vira Drones, ILUS confirmed
that it believes the acquisitions valuation could comfortably
exceed $1 billion as soon as patents are registered, and type
approvals are in place. Competitors of Vira Drones which do not yet
have products in production have achieved valuations of over $1.2
billion. Illustrating the market potential for Vira Drones, an
Urban Air Mobility company known as Eve recently announced that it
will list on the NYSE with a valuation of $2.9 billion through a
Special Purpose Acquisition Deal with Zanite Acquisition Corp.
Although this company has confirmed a substantial order pipeline,
it has not yet been awarded its aviation license to fly unmanned in
inhabited areas. Vira Drones has successfully tested prototypes and
has models in production for further testing, including by the
World Food Programme for the purpose of delivering humanitarian
aid. Following the registering of 20 patents and obtaining 3 type
approvals, Vira Drones plans to work towards its aviation
certification which would also enable it to fly in inhabited areas,
causing its valuation to skyrocket. Further information on Vira
Drones can be found in a recent ILUS press release on the
26thof January 2022.
With the proposals for both the first and second phase of its EU
deal agreed, ILUS is expecting sign off on the first phase very
soon, following which it will announce the full details. The
company also confirmed that it expects to share further details of
its agreed UK acquisition of a group of 4 companies towards the end
of the first quarter when the deal is scheduled to complete. ILUS
confirmed that is currently in discussions regarding several
acquisitions in the US, Asia, Europe, and the Middle
East.
ILUS has partnered with Incident Management Software company,
911Inform, with an exclusive OEM licence and projected revenue of
$5m in the first year. 911Inform is a game-changing crisis
management tool to aid first responders. The company provides the
only notification and emergency management solution that provides
police dispatch, first responders and key building personnel with
the tools to effectively mitigate any emergency. It is used by
multiple industries such as hospitality and education, to find the
closest exit routes for example so that aid can be given as quickly
as possible to those requiring care. The platform links any
organisation to local authorities for comprehensive security
management. ILUS is already in discussions with authorities in
Singapore, Dubai, and London for large potential projects.
ILUS confirmed at its Annual Shareholder’s Meeting that it is an
acquisitions company and not an investment company, meaning that it
will always acquire a 51% or more stake in each company that it
acquires. With several spin offs planned, ILUS would remain the
parent company and it will continue to acquire, incubate, and grow
assets for future divisions and spin-offs, thus consistently
increasing balance sheets and adding substantial Shareholder
value.
ILUS confirmed that in March 2022, it is planning to offer a
factory tour and hands-on demonstration at the facilities of
Precision Powered Products in Houston, Texas. Shareholders will be
invited to attend and witness ILUS technology in action,
first-hand. In April 2022, ILUS will be attending the well-known
firefighter convention, FDIC, in Indianapolis, with a booth already
secured at the venue. Other events will likely be attended and held
later in the year.
Regarding the ILUS Share Structure, the company confirmed that
it won the case regarding the cancellation of 40 million shares.
ILUS is also exploring potential dividend options for Shareholders
who lock up their shares or a portion of their shares in a
preference category for a determined period.
John-Paul Backwell, Managing Director of ILUS, concluded with
the following: “Our first Annual Shareholder’s Meeting was the
ideal platform to engage with our Shareholders, report on our
progress and present our roadmap. ILUS is delivering on plans and
successfully building towards its long-term goals. Along the way,
our short and medium-term plan includes the closing and
announcement of several noteworthy deals in our pipeline. Like our
acquisition of Vira Drones, there is a lot more going on behind the
scenes in the ILUS engine room than meets the eye, or which we can
talk about until signatures are in place, but it’s important for
Shareholders to know that there is plenty of very exciting news
coming in the short and medium-term. From my side, it was great to
meet more Shareholders in person and we have learnt a great deal
from this first Shareholder’s meeting which we can use to adapt and
make improvements where necessary. A huge thanks to our long-term
Shareholders for your continued passionate support.”
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
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