Ilustrato Pictures International Inc (OTCMKTS:ILUS) is a Mergers and Acquisitions that acquires and develops public safety tech-based companies globally. The company is currently trying to acquire companies in Europe and the U.S. It is working on several initiatives in its current acquisitions, updating its share structure, developing and certifying new complementary technologies.
In an interview with Jonathan Burbank, the company’s managing director, John-Paul Backwell, confirmed that ILUS is currently working on 20 initiatives. It has ten recent acquisitions in Europe, the Middle East and the U.S as part of its initiatives.
The acquisitions are in various stages of development, with four being in the final stages of negotiations. The acquisitions being in various stages has created a strong deal flow for ILUS. A strong deal flow is important as some negotiations take longer than intended, and some don’t go through at all. Of the four acquisitions, two have agreed upon purchase offers.
In Europe, the company is working on a major acquisition that will lead to large-scale manufacturing and might come with a manufacturing contract. ILUs is currently going through the needed governmental procedures and hopes to complete the deal soon.
Market Reaction:
On Monday, ILUS stock soared 18.50% at $0.1836 with more than 94.95 million shares, compared to its average volume of 18.72 million shares. The stock has moved within a range of $0.1570 – 0.2017 after opening the trade at $0.1622.
