ILUS, ILUS International (Ilustrato Pictures International Inc), provides update on current European acquisition which it is in the process of finalizing

NEW YORK, NY, September 17, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – ILUS International Inc (OTC: ILUS), ILUS is a mergers and acquisitions company focused on the acquisition and development of technology companies on a global scale. The company has already made 3 acquisitions in 2021 and is currently in the process of making several acquisitions in the United States and Europe. After recently providing an update on its strategy and acquisition progress in the United States (September 13, 2021), the company is now providing as many update as it is authorized to do at this point on the big current European acquisition she is working on.

For the past six months, ILUS has been working on the acquisition of a large-scale manufacturing plant. ILUS Managing Director John-Paul Backwell announced in a recent presentation that the company is now in the final stages of acquiring the manufacturing facility. ILUS can now confirm that this is a huge partial privatization deal that is being carried out in partnership with the government of the country. As part of the acquisition of the manufacturing plant, ILUS is negotiating a very important government contract for the manufacture of a new range of firefighting vehicles meeting Euro 6 exhaust emission standards over a period of 5 years. The acquisition of the manufacturing plant and related manufacturing contract involves complex political contracts and legal advice that the ILUS team is currently working on. In addition to government contracts, the huge manufacturing facility that employs many people will also be used for the large-scale manufacturing of ILUS firefighting equipment and vehicles and the range of commercial electric utility vehicles from ILUS, for worldwide distribution.

ILUS CEO Nick Link commented, “We wanted to provide an update on this acquisition as there have been many questions about it recently. Although there have been delays in concluding this deal due to the European holiday period during August and early September, we have now regained momentum and are working to complete the agreement with the highest levels of government in the region. There is no doubt that this is an exciting acquisition for us and for our shareholders. Unfortunately, we are not allowed to share some of the numbers and details of this deal at this time, but we look forward to announcing more information about this deal and its astronomical numbers soon. “

For more information on the companies, please see their communication channels
Website: https://ilus-group.com
Twitter: OTC_ILUS

Contact:
E-mail: [email protected]

Source: ILUS

Related links
https://ilus-group.com

Forward-looking statement
Certain information contained in this press release contains “forward-looking information”, including “forward-looking 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 in this document constitutes forward-looking statements and includes, but is not limited to, (i) the projected financial performance of the Company; (ii) the realization and use of the proceeds from the sale of shares offered hereunder; (iii) the expected development of the Company’s activities, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activities and global growth; (v) the sources and availability of third party funding for the Company’s projects; (vi) the completion of the Company’s projects which are currently underway, under development or otherwise under consideration; (vi) the renewal of customer, supplier and other significant Company agreements; and (vii) future liquidity, working capital and equity needs. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use these beliefs and opinions as a factor in valuing an investment. These statements are not guarantees of future performance and should not be relied on unduly. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results for future periods to differ materially from projections of future performance or results expressed or implied by such forward-looking statements. . Although the forward-looking statements contained in this presentation are based on what the management of the Company considers to be reasonable assumptions, there can be no assurance that the 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 assumes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions 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 advice 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, question and answer sessions, public conference calls. and webcasts can also be time consuming. We use these channels as well as social media to communicate with the public about our business, services and other issues. The information we post on social media may be considered important information. Therefore, in light of SEC guidelines, we encourage investors, media and others interested in our business to review the information we post on the following social and media channels: https://ilus-group.com, Twitter: OTC_ILUS

Note: ILUS Coin is not part of ILUS International Inc (Ilustrato Pictures International Inc), therefore, the public is recommended to follow the correct media channels relating to the public company OTC: ILUS


Source link

Comments are closed.