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ILUS chart ~~~ There is an ongoing modest share distribution Re. recent financial disclosure.
Dilutive OBV (our best indication of share structure) on the chart looks ratty but ascending. PPS does not show a full retrace but near -50%, we expect PPS to resume a move North at a more sedate pace.
chart thread post
https://stockcharts.com/h-sc/ui?s=ILUS&p=D&yr=0&mn=4&dy=0&id=p24986097784&listNum=23&a=1113701411
Just arrived in Belgrade to join the team for important government meetings tomorrow. $ILUS
Just arrived in Belgrade to join the team for important government meetings tomorrow. $ILUS pic.twitter.com/Uzt3SjyPvB
— JP Backwell (@JpBackwell) September 21, 2022
ILUS chart~~~ Yep, testing MA(50) day. Reminder: this is an acquisition play.
chart thread post
https://stockcharts.com/c-sc/sc?s=ILUS&p=5&yr=0&mn=0&dy=2&id=p69741074503&a=1100650802&listNum=23
https://stockcharts.com/h-sc/ui?s=ILUS&p=D&yr=0&mn=4&dy=0&id=p24986097784&listNum=23&a=1113701411
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| Moderators mick Trooperstocks | |||
Nicolas Link, CEO
As of August 1, 2024 • 3:00 PM ET
| DATE/TIME | SOURCE | NEWS RELEASE |
|---|---|---|
| 05/31/2024 12:51 PM EDT | NewMediaWire | ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) |
| 05/16/2024 11:17 AM EDT | NewMediaWire | ILUS Provides a First Quarter Filing Update |
| 05/02/2024 08:40 AM EDT | NewMediaWire | ILUS Files Form 10-K and Provides Shareholder Update |
| 04/17/2024 09:56 AM EDT | NewMediaWire | ILUS Provides Form 10-K Filing Update |
| 04/10/2024 09:26 AM EDT | NewMediaWire | ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend |
| 01/10/2024 09:53 AM EST | NewMediaWire | ILUS Acquires the Majority Stake of Samsara Luggage, Inc. |
NEWS: ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS)
NEW YORK, NY - (NewMediaWire) - May 31, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company focused on acquiring and growing businesses in the public safety and industrial sectors. The company recently signed a binding term sheet with Actelis Networks, Inc. (NASDAQ: ASNS) for ASNS to acquire its 61% stake in the ILUS Industrial subsidiary, Quality Industrial Corp (OTC: QIND), subject to customary terms for closing.
At the closing, Actelis will issue to the sellers 19.99% of its common stock and preferred non-voting shares for the balance of the consideration. The companies aim to close the transaction, pending regulatory requirements and due diligence, within 60 days. The preferred shares shall not be convertible to common stock before six months after the closing or until a registration statement is effective, whichever occurs sooner. The exact number of shares of the Company to be issued to the sellers will be based on a ratio of valuations of ASNS and QIND to be determined between the parties before closing.
After the transaction is completed, QIND will operate as the industrial subsidiary of ASNS, working alongside Actelis Networks, Inc. (Actelis), which will function as the technology subsidiary of ASNS. ASNS will consolidate the financials of both of its subsidiaries.
ILUS CEO, Nicolas Link, stated, "We believe that the acquisition of our stake in QIND by Nasdaq-listed ASNS will accelerate the growth of our Industrial subsidiary as well as ILUS itself. Following the completion of the transaction, our resultant stake in ASNS should significantly enhance our ILUS balance sheet and provide an improved platform for us to raise additional capital for the expansion of QIND and to complete planned acquisitions. As a company, should we elect to convert our preferred non-voting ASNS shares when the option becomes available, we could become the largest ASNS shareholder. This transaction is aimed at being the first in a series of transactions intended for the growth of our businesses and to add substantial value for our Shareholders. Our unwavering goal has been to uplist our subsidiaries and enhance the growth of our businesses and this transaction represents a constructive first step towards reaching that important milestone."
Actelis is a leading provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications. Their solutions cater to various sectors including federal, state and local government, ITS, military, utility, rail, telecom, and campus applications. Actelis offers a unique portfolio of hybrid fiber, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management software, and cyber-protection capabilities. Their solutions aim to maximize the potential of essential networks, providing secure and cost-effective connectivity for rapid deployment.
QIND is a manufacturer and service provider for the industrial, oil and gas, and utility sectors. The company is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. Currently, the company services nearly 40,000 customers from its 7 operating facilities in the United Arab Emirates, employing nearly 100 personnel. QIND is an internationally certified company that provides services to customers such as Emirates Airlines, Emaar, Government of Dubai, Dubai Properties, WASL Group, and others.
ILUS and QIND are confident that teaming up with Actelis will open up new group expansion opportunities. QIND can leverage Actelis' advanced technology and smart-grid solutions to deliver remote monitoring, automated delivery, and billing, as well as real-time forecasting and supply chain optimization. Additionally, Actelis is expanding its business into new geographical regions with applications in new, critical verticals such as energy, utilities, and public safety.
Actelis is also exploring additional synergies with ILUS' public safety subsidiary, Emergency Response Technologies Inc. ("ERT") (OTC: SAML), although ERT is not part of the current transaction. ERT specializes in designing, manufacturing, and supplying patented firefighting technologies and various solutions for the public safety sector.
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
https://ilus-group.com
Operating out of New York, London, and Dubai, ILUS International (Ilustrato Pictures International Inc) is a public Mergers and Acquisitions company focused on adding Shareholder value through innovation and growth.
ILUS International’s vision has evolved in line with the needs of the technology and manufacturing sectors it has been involved in. We focus primarily on innovative emergency services, life safety and related technologies such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology and related software solutions.
With a proven record of acquiring carefully selected businesses that are appropriate to our vision, ILUS aims to complete further acquisitions of companies which possess innovative and disruptive technology and already achieve annual revenue of $1-10 million.
ILUS International has already completed multiple acquisitions and is completing new acquisitions each quarter. Each acquisition rapidly increases the global expansion and growth of the company. Our primary focus is to add shareholder value as we continue to acquire, develop and grow companies which transform their respective industries and the world we live in.
ILUS International (Ilustrato Pictures International Inc) adds Shareholder value by acquiring, developing and growing businesses around the world which possess innovative and disruptive technology. The ILUS team works tirelessly to introduce new products, technologies, skills, efficiencies and improvements to the group of companies by cross pollinating within the group. Each strategic acquisition adds specific value to the direction and growth of the ILUS group of companies.
ILUS has a dynamic and experienced management team, all of whom have extensive experience in acquiring, and building companies within the relevant technology and manufacturing sectors where ILUS is focused.
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
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02-07-2021
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