ILUS: Share Reduction, Business updates coming and great SS, sub-penny entry opportunity
The float is small, no dilution the entire last year, and you saw lately how it can move on very little volume. http://www.otcmarkets.com/stock/ILUS/profile
Authorized Shares 550,000,000 a/o Oct 31, 2017
Outstanding Shares 395,707,831 a/o Oct 31, 2017
Float 29,357,831 a/o Oct 31, 2017
Cache Elite, INC. (OTCPK: ILUS) announced that the company will be reducing company's authorized share count by 50,000,00 https://ih.advfn.com/p.php?pid=nmona&article=76023413
Cache Elite, INC. -- 6 November, 2017 -- InvestorsHub NewsWire -- CEO Derrick McWilliams stated, "We currently have 550,000,00 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. We believe we are beginning to see the fruits of our labors with wwwtripwitz.com based on the results; we feel confident by the second quarter of 2018 we expect existing profits to fund an upcoming expansion. That being the case, we are reducing our authorized share count to an even 500,000,000 shares. At that time, we will look at a further reduction in the authorized number or other shareholder increase maneuvers."
Cache Elite Inc.,(ILUS) Unveils New Venture Into the $341 Billion Travel Industry http://www.otcmarkets.com/stock/ILUS/news/Cache-Elite-Inc---ILUS--Unveils-New-Venture-Into-the--341-Billion-Travel-Industry?id=169686&b=y
Scottsdale, AZ - Sep 13, 2017; As alluded to an earlier press release. Cache Elite Inc. (ILUS) is pleased to announce the completion of its new online worldwide travel portal.
TripWitz.com provides travel services to more than 20,000 destinations with an inventory of more than 500,000 hotel partners, luxury villas, airlines, ground transportation and adventure activity providers. The site provides a user friendly vacation planning experience and access to a certified destination specialist that will assist customers in maximizing their vacation budget.
There are approximately half the number of travel agents working in the U.S. as there were in 2000, according to the Bureau of Labor Statistics. This new paradigm has created a space, once more, for old-fashioned "human" customer service. USA Today reported that Clayton Reid of MMGY, the largest travel market organization in the world, that the 34% of millennials surveyed said they had consulted a traditional travel agent in the last 12 months. This percentage is higher than any other age segment, and 39% stated that they plan to do so in the next two years.
"I used a travel agent for years until Expedia and Travelocity became a presence. However, I now find myself overwhelmed by too much information, hidden fees, and confused about where and when to go to get the best value. And in today's unpredictable global conditions, I want a professional travel advocate on my side who I can call for help in the event of an unforeseen circumstance, said C.E.O. Derrick McWilliams." McWilliams went on to say, "We're very excited by the data collected along with 1.3 million users during the last eight months of our beta launch. This is new additional sector for the company and we believe the numbers suggest that our new service is in high demand."
Summary of business activities:
Company Subsidies - Revenues increased YoY to 1M plus, even without the new Tripwitz Travel subsidy http://www.cachecabinetry.com/ https://www.eliteknobs.com/ http://www.cacheelite.com/ http://www.tripwitz.com/
The CEO posts https://twitter.com/CacheElite1
regularly and recently announced that they are about to explode with PRs and news of on various levels.
This company has long been involved in distributing "everything Kitchen" Earnings have grown steadily and there are expansion plans. They have two retail sites and a robust on-line biz.
BUT the real story is this: They have very recently launched a new website tailored to vacation and misc travel. https://twitter.com/tripwitz
The CEO told us that he plans to continue a sustained promotion of the tripwitz.com travel site and promote ILUS as a solid growth investment at the same time.
Tripwitz.com has been called "The one to watch." and they plan to give Expedia a run for their money (pun intended). It boasts superior software and a personal touch with operators standing by to further assist customers.
The beta testing showed mind blowing statistics and the first revs are being generated almost as I write. Sites of its kind generate between $10M - $100M / year.
The software is revolutionary ..AND THEY ACCEPT BITCOINS AS PAYMENT. Making it also a BITCOINS play