Ilustrato Pictur - ILUS STOCK NEWS

ILUS International Inc. (OTC: ILUS) has announced a new first phase deal for its Investment Project in Kragujevac, Serbia, following a delay related to geopolitical tensions and the 2022 Serbian General Election. This new deal allows ILUS EV Technologies to utilize existing facilities and onboard automotive engineers, positioning the company to start production of the E-Raptor 6x6 electric utility vehicles in Q3 2023. The vehicles are in high demand amidst European government initiatives for sustainable solutions. ILUS is also advancing discussions for further investment projects, including Replay Solutions and a larger Phase 2 government deal. The company expects to provide more updates on several topics, including its anticipated NYSE American uplist, within the next week and a half.

ILUS International Inc. (OTC: ILUS) has made significant strides in its operations, particularly in Serbia. The company has resolved earlier concerns related to its first phase Investment Project deal with the Serbian Government, allowing for negotiations on a new agreement. This revised deal aims to secure facilities for Replay Solutions and ILUS EV Technologies, potentially yielding $8 million for the latter and approximately $6 million for Replay Solutions. ILUS's CEO, Nicolas Link, is set to meet with government officials to discuss this deal and plans for a larger Phase 2 agreement. Upcoming announcements regarding ILUS's subsidiaries and their listing on NYSE American are anticipated within two weeks, which may further influence the company's market position.

ILUS International Inc. (OTC: ILUS) is a company focused on Mergers and Acquisitions within public safety, industrial, defense, and renewable sectors. Following a recent filing of strong 2022 annual results, ILUS confirmed its industrial subsidiary, Quality Industrial Corp. (OTC: QIND), is preparing to uplist to the NYSE American. ILUS is also set to apply for uplisting to the OTCQB, the mid-tier of the OTC market. This dual uplisting strategy aims to enhance access to capital and accelerate growth. ILUS believes that QIND's uplisting will significantly boost its balance sheet and unlock greater financing options. The anticipated timelines expect QIND's uplisting during summer 2023, while ILUS aims for a subsequent uplisting. The leadership is optimistic about ongoing business progress and plans to release updates in the coming weeks.

ILUS International has announced its fiscal year 2022 results, showcasing a significant revenue of $78.3M and a net profit of $4.5M. The company's revenue run rate reached $140M in Q4, with expectations of exceeding $200M for 2023. Total assets were reported at $251M. The firm has completed audits for 2020-2022 and is now SEC reporting compliant. ILUS has expanded its portfolio to 11 companies and holds over $150M in purchase orders. Key growth areas include the expansion of Emergency Response Technologies in the U.S. and plans to uplist its subsidiary QIND. CEO Nicolas Link emphasized their progress amidst market challenges, aiming for greater achievements in 2023.

ILUS International Inc. (OTC: ILUS) has secured $5.5 million in funding from RB Capital Partners, Inc., aimed at settling a $2 million note with Discover Growth Fund LLC and providing working capital for future acquisitions. This strategic move is crucial given the current downturn in capital markets, which has made funding more difficult. ILUS highlighted the importance of maintaining access to capital for growth amidst a potential recession. CEO Nick Link emphasized that previous funding from RB Capital contributed to significant revenue growth, and the company anticipates similar success in 2023.