OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat

NEW YORK, NY, Feb. 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. With global tension at its highest levels in recent times because of Russia’s invasion of Ukraine, ILUS has chosen to provide a… The post OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat appeared first on DKODING.

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Provides Update In Light of the Conflict in Ukraine and Escalating Global Threat

NEW YORK, NY, Feb. 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. With global tension at its highest levels in recent times because of Russia’s invasion of Ukraine, ILUS has chosen to provide a general update for its Shareholders and interested parties. The company is in a very strong position due to its current and growing technology portfolio for the emergency response, disaster management and defense sectors as well as its key locations and government relationships in Europe and the Middle East. As a result of this and additional new acquisitions which are in negotiation, ILUS is confident that its current rapid growth rate should continue and even accelerate over the coming quarters. 

“Current heightened tensions and conflict present an enormous opportunity for ILUS to seize the moment. We are incredibly well positioned to capitalize on increased defense spending with our products and solutions, our manufacturing facilities, our extensive list of government contacts and our funding. Some the contract discussions are monumental for ILUS, which is why we believe it is important to keep our Shareholders and interested parties updated. We know we need to move fast as we believe we can harness a great deal of business in the short-medium term,” said Nick Link, CEO of ILUS.

The ILUS group of companies primarily manufacture and distribute equipment and vehicles for the emergency response industry. Additional technology acquisitions have also been made to supplement the company’s innovation strategy. ILUS acquisition FireBug has several customers in the defense sector as well as international organizations such as the United Nations and UNICEF. Another acquisition, The Vehicle Converters (TVC), which has previously supplied US army bases in the Middle East, converts a wide range of vehicles including armored ambulances, military transporters, and logistics vehicles. Over the last fifteen years, TVC has gained extensive experience converting and supplying light military vehicles in the Middle East. In addition, because of its partnership with Milanion, a manufacturer of unmanned vehicle systems primarily for the military, ILUS is already in discussions for several large opportunities. Recent ILUS acquisitions KurveXR and Vira Drones are also developing defense solutions following request by governments and military organizations. 

ILUS wishes to confirm that its soon to be announced new manufacturing facilities in Southeastern Europe are not negatively impacted by the conflict in Ukraine. The country has remained politically neutral and ILUS does not foresee it changing this position. The manufacturing facilities are in a country which does not neighbor Ukraine or Russia, however the production capabilities and location of the facilities, combined with the escalated tensions across Europe are of benefit to ILUS. Both the phase one and phase two facilities are capable of manufacturing for emergency response, disaster management and defense requirements in the European region and globally. ILUS’ phase two acquisition in Southeastern Europe is that of a prominent military vehicle and equipment manufacturer, with ILUS adding additional production lines for its firefighting vehicles, ambulances, and specialist vehicles. 

Several European countries have already drastically increased their defense budgets, including Germany, which rapidly approved a further $112 billion in its own defense spending and has already mobilized thousands of its troops to neighboring countries. With many analysts predicting that the current conflict and repercussions thereof could drag on for ten or more years, ILUS is supremely confident that it is on track for both immediate and sustainable growth. 

Furthermore, ILUS’ operational headquarters are located in Dubai, United Arab Emirates, which is widely known as a politically neutral location as well as an international shipping hub that connects the East and West. This central location has already proved beneficial for ILUS when negotiating large deals with government leaders and international organizations, and the company believes that it will prove vital to the successful negotiating of large deals in the near future. With its own manufacturing options in Southeastern Europe, the United States, the United Kingdom, and the United Arab Emirates, ILUS has several channels through which it can fulfil large contracts, with the capability to successfully pivot to another location if any channel is affected by a disruption such as war or sanctions. 

ILUS Managing Director, John-Paul Backwell, commented: “We wish to reassure our Shareholders that the current economic uncertainty surrounding the Ukraine conflict and its continuous potential for rapid escalation actually increases our growth possibilities. We have spoken previously about our defense division and fortunately, our strategy and implementation in this area of the business means that we are well prepared to capitalize on increased defense requirements. Whilst it was not a stated priority of ours since we certainly do not ever wish for war or confirm that we can foresee it, we knew that heightened tensions and increased terror threats meant that we needed to gear up a defense division as soon as possible. We have fortunately made some bold decisions which place our company in a strong position, with increased demand for our technology, or solutions which include our technology within them. With several discussions already underway, including exciting defense acquisitions, we look forward to announcing more soon.” 

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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