NEW YORK, NY, Aug. 04, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. Following several 2022 second quarter highlights, the company reports that it increased its revenue over the same quarter in 2021 by 588%, and by 553% over the first quarter of 2022.
ILUS reported record Q2 2022 revenue of $19,677,222. The company’s assets also increased considerably over the same period in 2021. Following a strong quarter as projected, ILUS confirms a strong balance sheet and substantial growth in revenue, providing a solid platform for the company to deliver on several monumental milestones in the second half of 2022. The company remains confidently on track to achieve its 2022 run-rate revenue forecast of $140 million.
ILUS is in the final stages of completing its audit, following which it plans to file its Form 10 with the SEC to become a fully reporting entity, change its registered name and apply to OTC Markets to up list from the OTC Pink Market to the OTCQB.
The company has been administratively aligning its subsidiaries in preparation for its first subsidiary up list to a major stock exchange. In line with this, the company’s industrial and manufacturing subsidiary, Quality Industrial Corp. recently received approval for its name change from Wikisoft Corp. and for its first-choice ticker change to QIND from WSFT.
ILUS CEO, Nick Link, commented: “We have remained steadfast in our mission to build a sustainable company for the long term whilst delivering rapid incremental growth along the way. As the year progresses, we will be adding further aligned businesses which will further accelerate our growth. I am proud of what our team has accomplished so far this year and I would also like to thank our loyal long-term Shareholders for your continued support.”
ILUS confirms that its second quarter disclosures containing the company’s full financial report for the period will be filed by the company’s auditor by the 15thof August, as required.
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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:
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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