ILUS Updates on OTCQB Application and NYSE American Listing Application of its Industrial Subsidiary
19 Abril 2023 - 12:23PM
InvestorsHub NewsWire
NEW YORK, NY -- April 19, 2023 -- InvestorsHub NewsWire
-- ILUS International Inc. (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and growing companies in the public safety, industrial,
defense and renewable sectors. Having recently filed strong 2022
annual results and confirmed that its industrial subsidiary,
Quality Industrial Corp. (OTC: QIND), is preparing its application
for listing on the New York Stock Exchange American (NYSE), ILUS
also confirms that it is submitting its application for uplisting
to the OTCQB, before moving forward with its own senior exchange
listing plans after the uplist of QIND.
As QIND’s majority Shareholder, ILUS has agreed for QIND to be
uplisted to the NYSE American. After originally beginning
preparation for a senior exchange listing with another advisory
firm, ILUS chose to expedite this process and approved QIND’s
appointment of Exchange Listing, LLC (Exchange Listing) as Capital
Market Advisor for its NYSE American application. Given that
extensive progress had been made prior to Exchange Listing’s
appointment, ILUS believes that QIND’s uplist remains on track to
take place during the summer of 2023. Further information on the
successful track record of Exchange Listing and its Founder and
CEO, Peter Goldstein, is covered in QIND’s press release regarding
the appointment.
While QIND is preparing its NYSE American application, ILUS is
now commencing with its application for uplist from the OTC Pink
Market to the OTCQB Venture Market, which is the mid-tier of the
OTC equity market. ILUS will very soon be submitting its
application, with the approval process usually taking four weeks,
unless OTC Markets finds reason to deny or delay the
application.
ILUS determined that it is not worthwhile for QIND to uplist to
the OTCQB due to the expected timeframe of its application to the
NYSE American, and the company plans to pursue its own senior
exchange listing after the uplisting of QIND, subsequent to a share
lock-up opportunity being made available to Shareholders.
“We are excited with the progress that QIND is making towards
uplisting to the NYSE American and the value that this adds to ILUS
and our Shareholders, including through an expected exponential
increase in our ILUS balance sheet and greater access to capital
for the execution of our more ambitious growth plans. The planned
uplist of ILUS itself to the OTCQB should cement our progress made
in becoming fully audited and SEC Reporting and serve to separate
our company from many of the more speculative OTC companies,” said
ILUS Managing Director, John-Paul Backwell.
“We regard QIND’s uplist to the NYSE American and an ILUS uplist
to the OTCQB as waypoints on our path towards an ILUS senior
exchange listing. It has been a very busy few months for ILUS
behind the scenes and we have made important progress across each
of our subsidiaries. Therefore, we will be releasing several
positive business progress and subsidiary updates as well as
announcements over the coming weeks,” said ILUS CEO, Nicolas
Link.
For further information on ILUS, please see its communication
channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, considering the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
website: https://ilus-group.com
Twitter: OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC:
ILUS
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