At the previous close, Ilustrato Pictures Internationl Inc (OTCPINK: ILUS) stock had risen 0.29% to $0.0687. Over the last week, the performance of ILUS stock was 8.87% as opposed to 20.20% over the last month. Price of ILUS stock stabilized after an announcement of a new acquisition that would build on the company’s business plans.
In what ways has ILUS achieved its goals?
ILUS International is an M&A investment company based in New York, London, and Dubai with the mission of adding shareholder value through innovation and growth. Since its founding, ILUS International has evolved along with its involvement in the technology and manufacturing sectors. As an innovator and leader in emergency services, life safety and related technology, ILUS advocates the creation and delivery of innovative emergency response vehicles, electric utility vehicles, specialist vehicle conversions, innovative firefighting devices, and wearable technology.
Today, ILUS International announced that it is accelerating with its expansion after accomplishing a number of key M&A goals in the second quarter aimed at acquiring and developing technology-based companies.
- ILUS has made two acquisitions in the first quarter and one in the second (BCD Fire) with an eye toward making several more, including one in the United States, in the third quarter.
- Since moving into a new factory in Dubai, ILUS has begun production in the United Arab Emirates and has obtained ISO9001 and 14001 certifications.
- Additionally, ILUS plans to set up a new facility in the U.S. in the third quarter for the production of Plastic Fire Truck Superstructures bodies.
- A number of key staff members have been recruited by ILUS in order to support its rapid growth, and it continues to identify and hire more exceptional team.
- ILUS recently hired a General Manager from the UK and Europe, and it is currently hiring a specialist EV Engineer for the US market and global distribution of the E-Raptor.
- Additionally, ILUS is on the lookout for a Technical Director to direct its U.S. factory and is looking to appoint a Director of Fixed Systems to accelerate certification of its fixed firefighting systems.
What does ILUS plan to do?
ILUS’ accounting team is working full-time to have its financials consolidated by the quarterly deadline, with the second quarter just ended. Ilustrato Pictures Internationl (ILUS) generated almost $3 million of revenue in the second quarter despite the lockdown in two of its major markets. ILUS is on track to achieve its forecast of $15 million to $20 million annual Revenue Run Rate by the end of 2021. In 2022, ILUS is eyeing a revenue run rate of $50 million.
