ILUS is changing the business direction of SAML from luggage manufacturing and distribution towards the acquisition and growth of businesses in the public safety sector. The existing luggage business will be spun out of SAML and ILUS will be merging several of its existing emergency response focused companies into SAML, which will function as a Special Purpose Vehicle for the financing and growth of ILUS’ emergency response subsidiary.
On
In connection with the acquisition of the note and the subsequent conversion to shares of common stock, the current officers and directors, Mrs.
As previously mentioned, several of ILUS’ emergency response focused companies will be merged into SAML for a stock consideration to ILUS shareholders, following which SAML will continue to function as the emergency response subsidiary of ILUS, known as Emergency Response Technologies (ERT). The subsidiary intends to pay a special equity dividend to ILUS shareholders and is finalizing this with its legal counsel. ILUS will retain the controlling interest in SAML.
As was the case with ILUS’ Industrial subsidiary, Quality Industrial Corp. (OTC: QIND), which effected its name and ticker change in
ILUS believes that the SAML acquisition will add significant value to its structure and operations, specifically the eagerly anticipated expansion of its emergency response subsidiary. SAML has its own funding line in place for purposes of expansion, and such access to capital will be non-dilutive to ILUS shareholders. With this more streamlined structure and access to capital in place through SAML as its Special Purpose Vehicle, ILUS anticipates the aggressive expansion of its emergency response subsidiary in 2024. Such expansion plans include the acquisition of a large US headquartered emergency vehicle manufacturer and distributor. Following this acquisition, the subsidiary intends to uplist to a major stock exchange.
SAML will become more proactive on its relevant social media channels and ILUS will keep shareholders informed of the progress across all of its subsidiaries. SAML itself will provide regular updates through its social media and formal press releases. Several updates will be made to the ERT website as assets are officially merged into the company. ILUS shareholders and parties interested in tracking SAML’s progress are requested to do so by following its Twitter account or by keeping an eye on its website, the details of which are listed below:
Websites: https://ilus-group.com, https://ert-international.com
Twitter: @ILUS_INTL, @ERT_ILUS
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.
Note: ILUS Coin does not sit within
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