Ilustrato Pictures International Inc (ILUS)

[creakyhottie]

ILUS Provides an Update on Its Industrial and Emergency
Response SubsidiariesGlobeNewswireMay 09, 2023NEW YORK, NY,
May 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - ILUS
International Inc. (OTC: ILUS) is a Mergers and Acquisitions
company focused on acquiring and growing companies in the
public safety, industrial, defence and renewable sectors.
Having previously announced that its Industrial subsidiary,
Quality Industrial Corp. (OTC: QIND), had appointed Exchange
Listing LLC as Capital Market Advisor for its NYSE American
listing, the company confirms that it has been making strong
progress towards this listing in the late summer of 2023.
With the listing process of QIND underway, ILUS is now
preparing its emergency response subsidiary, Emergency
Response Technologies (ERT), for its own uplisting following
its large acquisition currently in
negotiation.

Working closely with the
Exchange Listing team, the ILUS and QIND management teams
have made exceptional progress towards finalizing QIND's
NYSE American listing application. Given that the process
for QIND is running smoothly, ILUS is now focussed on
ramping up ERT's progress with the objective of uplisting
ERT to a major stock exchange along an agreed route at the
end of 2023 or early 2024.

ILUS is
implementing several strategic measures to ensure that ERT
can confidently uplist to a major stock exchange along the
route agreed with the Exchange Listing team. These measures
include but are not limited to:

Completing
the large US vehicle manufacturing acquisition which is
currently in negotiation. Merging the two current ERT
companies in the US under ERT North America with the large
US acquisition to be added under this umbrella, all led by
ERT CEO, Dan Peters (former President of Rev Group's Fire
Division (NYSE: REVG)). Merging the four ERT companies in
the Middle East under ERT Middle East, managed by a newly
appointed General Manager reporting to Dan Peters.
Consolidating all manufacturing outside the US for all
products and vehicles from the UK and Dubai to Serbia,
leveraging Serbian government incentives in the process.
This transition is currently already underway. Merging the
European manufacturing and a European acquisition currently
in negotiation under the ERT Europe umbrella. The measures
taken will streamline ERT's operations and significantly
improve ERT's financials while reducing operational costs by
20-25%.

"Now that QIND's progress towards
the NYSE American has gained momentum of its own, we are
aggressively rolling out our ERT strategy in line with its
own planned route towards a major stock exchange. Our
strategy for uplisting ERT is unique, and we believe it can
be delivered within an impressive time frame after the QIND
uplist, with QIND also serving as a "springboard" for ERT.
We believe that each subsidiary uplisting should bring
significant value to ILUS Shareholders as ILUS remains the
parent company reaping the rewards of all subsidiary growth
and success." said ILUS Managing Director, John-Paul
Backwell.

ILUS is in the process moving
FireBug's current manufacturing to Serbia in a phased
process which will see all FireBug products and vehicles
sold outside the US manufactured in a facility alongside the
already agreed E-Raptor electric utility vehicle facility in
Kragujevac. There is a separate plan for FireBug
manufacturing in the US to be implemented in conjunction
with the planned large acquisition. The company is also
currently discussing a new automotive manufacturing deal in
Serbia, with ILUS Managing Director traveling to Belgrade
next week for further negotiations on the
deal.

"We believe it is important to keep
our Shareholders updated on our progress and strategy as we
continually assess, align and pivot if needed based on
macroeconomic and geopolitical factors. Working with the
Exchange Listing team, we are now more capable and confident
to deliver our clear strategy for the uplisting of both QIND
and ERT, with other subsidiaries to follow thereafter, but
it is just as important that we streamline and simplify our
operations to reduce operating costs and position ourselves
to win larger contracts, such as the large ERT and Hyperion
Defence contracts we are currently bidding for in the Middle
East and Europe," commented ILUS CEO, Nicolas
Link.

ILUS looks forward to providing
further updates this week, including announcement of the
first contract signed by its Defence subsidiary, Hyperion
Defence Solutions, followed by a video podcast with Nicolas
Link and John-Paul Backwell.

For further
information on ILUS, please see its communication
channels:

Website:
https://ilus-group.com

Twitter:
@ILUS_INTL

Email:
[e-mail]

Source:
ILUS

Related
Links

https://ilus-group.com
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