OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Announces Strong Second Quarter of 2021 Results
August 13 2021 - 1:07PM
InvestorsHub NewsWire
NEW YORK, NY -- August 13, 2021 -- InvestorsHub NewsWire -- ILUS
International Inc (OTC:
ILUS) remains focused on its M&A strategy of acquiring and
growing global technology companies. The company has released its
second quarter of 2021 results which show that revenue is up,
profit is up and the company is achieving its growth milestones.
Following its most recent filings, ILUS International (ILUS)
reports that along with significant milestones achieved, the
company achieved revenue of $ 2.86 million in the second quarter of
2021. This represents a 462% increase on the first quarter revenue
of $ 509k. In addition to increased revenue, ILUS reports that its
second quarter gross profit is up 375% to $ 992k compared to the
first quarter gross profit of $ 209k.
In addition to its increased revenue and profit, ILUS reports
that it has strengthened its balance sheet with assets increasing
to just under $24.5 million and cash in the bank has also
increased. The management team’s modus operandi has been to
continually prioritise profitable growth and cash liquidity in
order to allow it to execute the deals on its radar. With a number
of new acquisitions in the pipeline, including two Letters of
Intent which have been signed, ILUS is in a strong position to
complete its targeted deals.
ILUS acquired BCD Fire, a fixed fire systems integrator
headquartered out of Dubai, United Arab Emirates on the
13th of April 2021. This acquisition means that in
addition to the first quarter acquisitions of FireBug and The
Vehicle Converters, ILUS has already acquired three companies in
2021. ILUS remains committed to acquiring and growing companies in
the Public Safety sector, specifically those companies which have
or are developing innovative technology which protects and saves
property and lives. ILUS is currently in discussions with five
further acquisition targets, four of which are in the United States
and one which is in Europe. New strategic acquisitions will
complement existing technology within the ILUS group of companies
and add new disruptive technology to the portfolio. They will also
provide additional routes to market, existing revenue, and
increased local market knowledge.
In addition to the acquisition of BCD Fire early in the second
quarter and the signing of two Letters of Intent for further
acquisitions, ILUS achieved significant milestones in the growth of
the company. The company announced its partnership with TakeLeap on
the 26th of April 2021, for the delivery of virtual
reality training packages for fire safety, health safety and
firefighting, with the vision being that this will be rolled out
through BCD Fire. During the second quarter of 2021, ILUS has
improved operational efficiencies within BCD Fire and
simultaneously completed testing of the virtual reality training
products which are now ready for distribution. Further progress
also made during the second quarter includes the much anticipated
launch of the ILUS Coin on the 28th of April 2021.
The ILUS Coin is the first of its kind that will contribute to
saving lives and assets through assisting with the purchase of
critical life saving ILUS equipment, whilst providing rewards to
ILUS Coin holders. On the 3rd of June 2021, ILUS
also announced the lifting of the Canadian Cease Trade Order which
had been applied in 2012 as a result of various reporting
deficiencies by previous management, with this meaning that ILUS
securities could now be traded in Canada. As the ILUS sales teams
continue to expand their reach globally, ILUS also increased its
number of global distributors during the second quarter and made
the significant appointment of Vijay Fire Vehicles as its Exclusive
Distributor in India. Vijay Fire Vehicles are India’s oldest and
largest firefighting vehicles and equipment manufacturer and
distributor. ILUS has also recently made a number of new hires,
including that of strategically key team members, such as the
appointment of a Senior Product Manager for Fixed Fire Systems with
over 20 years’ relevant experience, who is focusing on the
completion and certification of ILUS’ much awaited kitchen and
battery fire suppression systems. Having appointed a new Marketing
Director at the beginning of April 2021, ILUS has made further
additions to its marketing team and has now also recently appointed
a new Sales Director who will focus on channel sales growth and new
technologies, including complementary software technologies. ILUS
will release further press releases on the new appointments in the
coming weeks.
ILUS CEO, Nicolas Link, commented on the second quarter results
with the following: “In what has been a challenging quarter in the
markets, I am incredibly proud of what the ILUS team has achieved.
We have significantly increased our revenue and profit, yet it
still feels that we are only getting started in terms of achieving
our potential. We are in a very strong position to execute on the
deals which are already lined up. I am once again so thankful to
our loyal long-term shareholders who have continued to stand by us.
We remain dedicated to delivering on our commitments and adding
shareholder value.”
For further information on the companies please see the ILUS
communication channels.
Website: https://ilus-group.com
Twitter : OTC_ILUS
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 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, in light of 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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