ILUS International, Inc. (OTC: ILUS) (“ILUS”), a public Mergers and Acquisitions company focused on acquiring technology and manufacturing companies, provided several updates to its shareholders in a meeting held on January 28, 2022. The meeting was the company’s first since taking over management from Ilustrato Pictures International Inc.
ILUS announced it is working on its first uplisting through a partnership with an investment bank, which it will be announcing the name of soon. The company also plans on developing several divisions which will provide more opportunities for uplisting. ILUS has plans to become a conglomerate with a 50-80% share of each listed company.
ILUS’ recent acquisition of Vira Drones was given a valuation of $1 billion once patents are registered. The company has more acquisitions in the works in the US, Asia, Europe and the Middle East. Additionally, ILUS expects a revenue of $5 million from its partnership with the Incident Management Software company 911Inform, a crisis management tool for first responders.
“ILUS is delivering on plans and successfully building towards its long-term goals,” says John-Paul Backwell, Managing Director of ILUS. “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.”
You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Content on the Site is provided for information purposes only, and none of the information contained on the Site constitutes an offer, solicitation or recommendation to buy or sell a security.