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Sunday, October 02, 2022 1:33:04 AM
“OTC:ILUS acquires FB Technologies a global technology company in the Fire & Rescue market & appoints new CEO & Board
United States, New York, Jan 26, 2021 (Issuewire.com) - NEW YORK, January. 26, 2021 /Issuewire/ -- Ilustrato Pictures International Inc (OTC: ILUS), Mr. Larson Elmore has stepped down as CEO and appointed Mr. Nicolas Link as CEO, with immediate effect. The outgoing Larson Elmore spent almost 2 years looking for the right merger candidate for ILUS. The new CEO, Nicolas, is highly experienced as an entrepreneur, having founded and grown multiple international companies over the past 20 years in numerous countries including Asia, Middle East, Europe, and Africa. Under Nicolas, ILUS is refocusing as an M&A company, executing a roll-up strategy acquiring companies that are technology orientated, mainly but not limited to the Fire & Rescue sector globally. The company will also change its name to ILUS International Inc, with immediate effect, and has launched its new website. The first acquisition signed is an international technology group FB Technologies Global Inc, known as FireBug Group, which was founded by Nicolas Link in the UK and has a highly experienced management team with factories in the United Kingdom & Dubai, focusing on technology for the Fire & Rescue sector including the first 6x6 Electric UTV (EV) and who manufacture rapid response vehicles that are usually at least 63% more efficient than conventional Fire Fighting Vehicles. FireBug Group has invested almost $4mil into its Research and Development over the past few years and has received numerous patents, the company has been backed by 2 family offices in Europe who provided the initial founding capital. FireBug Group commercialized their product range in 2018 and have already supplied to many of the world’s leading brands in more than 20 countries. Nicolas CEO said, “FireBug merging into ILUS provides the ideal platform for the companies to grow their Brand, Footprint, Revenue, and the Shareholder value exponentially”.”
When is this roll up strategy going to bear fruit if 22 months after the beginning of the strategy their Rescue vehicles and products aren’t highlighted or even mentioned in the timeframe of the biggest rescue operation of the decade so far? Who is locking up their shares without knowing where the revenue is coming from first.
my posts are always theory and not financial advice
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