OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides a Share Structure Update
February 14 2022 - 10:50AM
InvestorsHub NewsWire
NEW YORK, NY -- February 14, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. Having acquired several companies and delivered
exponential growth in its first year since taking over from
previous management, the company has also continuously been working
to improve its Share Structure as part of its ongoing motivation to
create further Shareholder value.
The current amount of ILUS outstanding shares is 1,263,530,699
and the company is currently in the process of reducing these
outstanding shares by a further 180 million. This will be completed
in the coming days and weeks by updating the previously announced
cancellation of 40 million shares and moving 140 million of ILUS
CEO Nicolas Link’s common shares to a preferred share
category.
ILUS confirmed that it will be issuing three blocks of
restricted shares for completed acquisitions, however the company
clarified that following this, outstanding shares should remain in
the region of 1.2 billion and it will continue its efforts to get
outstanding shares down to as close to 1 billion as
possible.
ILUS is considering options to offer its Shareholders an
opportunity to lock up shares in a preferred category which will
further reduce the company’s outstanding shares.
ILUS CEO, Nicolas Link, said: “Following the completion of
several acquisitions, the confirmation of two significant funding
arrangements, and the simultaneous tough market conditions which we
and many companies are facing, we felt it important to keep our
Shareholders updated on our Share Structure. As mentioned at our
Annual Shareholder’s Meeting recently, our immediate goal after
completing the current round of acquisitions is to get the OS down
to 1.2 billion, and we are on track to achieve this when we update
the SS soon.
“We remain committed to not only building the ILUS conglomerate
but ensuring that we create further value for our Shareholders in
the process. While market conditions remain challenging, we are
more confident than ever in our business plan and the creation of a
sustainable business with a strong balance sheet, strong revenue,
and the continuous disruption of the markets we are targeting. From
a business growth perspective, we are off to a flying start this
year and we remain on track towards delivering on our
milestones.”
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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