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NEW YORK, NY, April 21, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc. ILUS is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. Having previously signed a first phase Investment Project deal with the Serbian Government which was delayed due to ILUS concerns following the 2022 Serbian General Election and heightened geopolitical tensions in the region, the Serbian Government has since resolved these concerns, allowing ILUS to negotiate a new and improved Phase 1 deal with the government.
The new first phase deal is expected to secure land and facilities for Replay Solutions and ILUS EV Technologies while returning 35% of the gross salaries of all hires and 25% of all capital expenditure made by the two ILUS entities. Total Investment Project incentives were estimated to be $8 million for ILUS EV Technologies and in the region of $6 million for Replay Solutions.
ILUS CEO, Nicolas Link, will be in Serbia early next week to meet with the government and visit the new shortlisted options for rapidly occupiable land and facilities for the Phase 1 deal and also for meetings regarding the Phase 2 deal, which as a significantly larger deal, requires further evaluation.
“In seeking to develop a more stable long-term partnership with ILUS, the Serbian government has resolved to negotiate an improved opportunity for our subsidiaries in the country. Having already invested so much of our time and effort into our Serbian production strategy due to the vast range benefits that it provides to our group companies, I am very pleased that we are able to move forward with this strategy. Despite pressure from the market, our patient “watch and wait” approach may ultimately pave the way for an improved Replay Solutions and ILUS EV Technologies deal which should further benefit future investment projects that we have planned in the region,” said ILUS CEO, Nick Link.
Following the filing of its Form 10-K Annual Report and confirmation of ILUS’ Industrial subsidiary, QIND’s planned uplist to the NYSE American, ILUS will be providing updates and/or announcements on the following within the next two weeks:
- ILUS Share Lockup and QIND uplist value to ILUS Shareholders
- Hyperion Defense Solutions Counter IED Agreement
- ERT Fixed Firefighting (Fire Suppression) Systems production
- E-Raptor production
- QIND NYSE American listing application
- ERT Acquisitions
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
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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 webcasts also 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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