ILUS Negotiates New First Phase Deal With the Serbian Government for Replay Solutions and ILUS EV Technologies
21 Avril 2023 - 1:14PM
InvestorsHub NewsWire
NEW YORK, NY -- April 21, 2023 -- InvestorsHub NewsWire
-- ILUS International Inc. (OTC:
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
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, 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
Ilustrato Pictures (PK) (USOTC:ILUS)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024