Mergers and acquisitions firm focusing on acquiring and developing public safety technology globally, ILUS International Inc (OTCMKTS:ILUS) on September 9, 2022, confirmed making vital announcements on different milestones.
Trading Data
On Friday, ILUS stock jumped 2.82% to $0.0730 with 5.73 million shares, compared to its average volume 6.62 million shares. The stock moved within a range of $0.0710 – 0.0767 after opening trade at $0.0745.
ILUS Confirms Planned Milestone Announcements for September 2022
ILUS filed Form 10-12G Registration Statement with U.S. Securities and Exchange Commission. It also announced on planned Share lock-up and share buy-back. ILUS also confirmed the first site, which it acquired in Serbia, and also gave details on the Investment Project and its incentives. The company said that more acquisitions are in the final stage. Additionally, the company confirmed a $100 million revenue acquisition by its industrial subsidiary, Quality Industrial Corp.
ILUS Managing Director, John-Paul Backwell said that the company expects on reaching various phenomenal milestones in the next few months. Backwell added that the company is staring at an amazing quarter four, which should show stunning results.
To become fully reporting, the company underwent the audit of 2020 and 2021 financials and it is in the final stages of preparing its Form 10-12G Registration Statement. ILUS has been in discussion with a major investment bank on the planned up-list of a subsidiary to a major stock exchange.
ILUS’ industrial subsidiary, Quality Industrial Corp, is in the final stages of finishing the acquisition of a $100m+ revenue process manufacturing company. Headquartered in the United Arab Emirates, the subsidiary has signed a binding agreement with the acquisition target. The firm’s emergency response subsidiary, Emergency Response Technologies, is working on completing the four acquisitions.
Key Quote
ILUS Managing Director, John-Paul Backwell, commented: “We expect to reach several phenomenal milestones over the coming months and our September milestones form an important step towards an outstanding fourth quarter which should contain even more stunning results and announcements.”
Technical Data
ILUS stock is trading below the 20-Day and 50-Day Moving averages of $0.0706 and $0.0808 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1660.
