OTC:ILUS, Under its new CEO is refocusing as a M&A company acquiring and rolling up synergetic technology companies, the roll up strategy allows ILUS to maximise its growth and revenue potential while adding shareholder value.
New York, United States 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". ILUS is in the late stages of bringing the company current and preparing to submit a Regulation A application for fundraising and has intentions for the company to become fully reporting during 2021. The fundraising is in order to facilitate further acquisitions and working capital. The company has received early-term sheets from financial institutions for the first $5mil of the Reg A funding. The company is in late-stage negotiations with 2 further acquisition targets. Further information will be released and investors are encouraged to follow the company's Twitter and social media feeds for updates.
For further information on the company please see their communication channels
website: www.ilus-group.com
Twitter: OTC_ILUS
Telegram: OTC_ILUS
Contact:
Nicolas Link CEO
email: nick.link@ilus-group.com
Irina Shatalova PhD,MBA,
(PA to the CEO and Investor Relations)
Email: Irina.Shatalova@ilus-group.com
Source: OTC: ILUS
Related Links
http://firebuggroup.com
Media Contact
ILUS International Inc
813 646 4639
New York
Source :OTC:ILUS
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