Ilustrato Pictures International Inc (ILUS)

[NetworkNewsWire]

ILUS Reduces Authorized Share Count

Cache Elite (OTC: ILUS), a technology and service provider, this morning said it is decreasing its authorized share count to an even 500,000,000 shares. The company anticipates this move will demonstrate its goal of increasing company revenues and protecting shareholder value. “We currently have 550,000,000 shares authorized with over 360,000,000 shares currently restricted and 29,357,831 in the float. With an already solid share structure, we believe this move will show our mission in increasing company revenues and, thus protecting shareholder value. We expect to have this finalized by the end of current quarter,” Cache Elite chief executive officer Derrick McWilliams stated in the news release.

To view the full press release, visit http://nnw.fm/sS7X4

About Cache Elite, Inc.

Cache Elite, Inc. (OTC PINK: ILUS) is a forward-thinking technology and service provider. The company provides homeowners with the latest in 3D designs, decorative hardware, and travel and vacation services. To learn more about Cache Elite, Inc visit the company’s websites at www.Eliteknobs.com and www.TripWitz.com.