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Ilustrato Pictures International Inc ILUS:OTC Pink - Current Information
OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Provides an Updated Revenue Forecast for 2022
GlobeNewswire
10:39 AM ET
EQNX::TICKER_START (Other OTC:ILUS),(OTC US:ILUS), EQNX::TICKER_END via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing public safety and technology-based companies across the globe. Now in its second year of operations since taking over from previous management, the company has completed several acquisitions and also created subsidiaries which are in the process of completing several further acquisitions. In line with the substantial progress that ILUS has made in 2022, the company has therefore significantly increased its revenue forecast for the year.
On the 11of February 2022, ILUS announced a run rate revenue forecast of $40 to $55 million for 2022. Due to current progress and the agreed acquisiti ons which it expects to close in the 3quarter, ILUS has updated its revenue forecast to a run rate of $140 million for 2022.
Furthermore, ILUS confirmed that its second quarter results, which will be filed on the 15of August 2022 as required, reflect the strong progress that the company has been making. The appointment of former REV Group President, Dan Peters, as CEO of ILUS' public safety subsidiary, Emergency Response Technologies, during the second quarter, is already adding further momentum to the performance of ILUS, specifically in North America.
Recently, the ILUS owned Industrial subsidiary, Wikisof t Corp., which is undergoing an appropriate name change to Quality Industrial Corp. along with a change in operational focus, announced that it has signed a binding Letter of Intent to acquire Quality International, a United Arab Emirates headquartered process equipment manufacturer for the Oil and Gas, Utilities, and Industrial sectors. Quality International is delivering annual revenue in excess of $100 million and currently has $75 million worth of orders in production along with a further $230 million in confirmed purchase orders. Wikisoft Corp. is currently negotiating further acquisitions which will be strategically aligned with Quality International.
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