ILUS, ILUS International (Illustration Photos

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NEW YORK, NY, April 06, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a mergers and acquisitions firm focused on acquiring and growing public safety technology-based businesses around the world. After completing the acquisition of seven companies since January 2021, the company has now agreed in principle to move forward with the acquisition of an impressive fire suppression systems company in the US state of Florida. The company currently generates revenues of approximately $3 million per year, serves several well-known customers in its region and has recently won major new contracts. It also holds tremendous growth potential and is extremely well aligned for the launch of ILUS’ own fire suppression technology in the United States.

“While we have made tremendous progress on the acquisition front in general, we felt it was important to announce this proposed acquisition primarily because it marks our significant entry into the US extinguishing systems market. Our subsidiary ERT is making strong progress, so we believe this is the optimal time for us to enter the US market for our fixed system technology which resides within our subsidiary Integrated Systems. own water mist fire suppression systems for kitchen fires, electric vehicle battery fires and more are going well, so it’s important that we have the right channel, technical expertise local and existing customer base in the U.S. when we kick off there. For us, there is no better way to achieve this than with a profitable acquisition that com has great clients on its books, is already growing rapidly and is poised for serious expansion,” said ILUS CEO Nick Link.

After completing its first round of due diligence, followed by negotiations, ILUS signed a letter of intent with the Florida-based company and is now moving into the final phase of due diligence to complete the acquisition. After strong growth in 2021, the planned acquisition kicked off 2022 very strongly as it signed major new contracts with major brands in Florida and with the involvement of ILUS, the company is now very well positioned for future expansion . The company currently serves well-known clients such as Universal Studios and many international hotel and restaurant chains. The planned acquisition currently assembles, installs and services stationary fire suppression systems from leading global brands, with ILUS planning to deploy its own water mist fire suppression technology in the United States through of the society. The proposed acquisition operates from suitable offices and warehouses and has several vehicles for installation and maintenance, however, as with recent US acquisitions made by ILUS, the company will move to larger premises in its current area. to execute new contracts and support its growth.

“This planned acquisition should be timely to go hand-in-hand with the development and certification of our own fire suppression system. It will also serve as the initial basis for our integrated systems in the United States, which is also important given the very large potential projects we are discussing there for innovative fire suppression systems. The company has experienced management and staff and on its own I believe it is already on track to double its revenue year over year. However, with our expansion plans and the addition of our own disruptive technology, I believe the business can grow exponentially,” said John-Paul Backwell, CEO of ILUS.

Once complete, the planned acquisition will play a key role in accelerating the development of fire suppression products at ILUS-owned FireBug Technologies. It is also expected to complete the acquisition of Middle East fire protection systems by ILUS, BCD Fire, which currently has a sales pipeline of over $10 million in Dubai and Saudi Arabia and expects to significant new orders in the second quarter. In addition to several acquisitions already underway, some of which have signed letters of intent but have not been announced despite expected completion in the second quarter, ILUS plans to acquire other fire suppression businesses in the United States. United States, United Kingdom and Europe.

For more information about the companies, please see their communication channels:

Website:https://ilus-group.com
Twitter: OTC_ILUS

Contact:

Email:[email protected]

Source: ILUS

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https://ilus-group.com

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Certain information 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 herein constitutes forward-looking statements and includes, but is not limited to, (I) the Company’s projected financial performance; (ii) the realization and use of the proceeds of the sale of the shares offered hereunder; (iii) the anticipated development of the Company’s businesses, projects and joint ventures; (iv) executing the Company’s growth vision and strategy, including with respect to future mergers and acquisitions activity 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 that are currently underway, under development or otherwise under consideration; (vi) the renewal of current agreements with customers, suppliers and other material agreements of the Company; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as a factor in evaluating an investment. These statements are not guarantees of future performance and should not be unduly relied upon. These 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 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 management of the Company believes 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 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. Readers are 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 nonpublic 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 which may also 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 matters. Information we post on social media may be considered material information. Therefore, in light of SEC guidelines, we encourage investors, the media, and others interested in our business to review the information we post on the following social media and media outlets:
website:https://ilus-group.com Twitter: OTC_ILUS

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

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