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OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Secures $15 Million in Funding From Three Funders

NEW YORK, NY - (NewMediaWire) - February 15, 2022 - ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. The company has recently completed several acquisitions and is in the process of reaching agreements on several more. ILUS confirmed that it has now recently signed three funding deals for a total of $15 million, putting the company in a strong cash position to execute its current plans and move on its next phase of opportunities. 

 

Following an extensive period of thorough due diligence conducted by the funders, ILUS secured $15 million of funding from a syndicate of three funds/family offices who are typically focused on the funding of high growth technology companies. The three companies are RB Capital, Discover Fund and Luki Ventures. No dilution is taking place for the funding, which was secured through fully repayable, 1-year term, non-toxic promissory notes. The funding also includes a cash warrant option for a further $6 million, should ILUS require it. 

 

ILUS confirmed that the first two draw down tranches of funding have already been received with the third tranche being received next week. The funding will be used by ILUS to expand its operations, streamline production, ramp up marketing and complete its next round of acquisitions, where ILUS is focused on the acquisition of high value technology and its own distribution channels. In addition, over the next quarter, some of the funding will be used to remove the GPL Ventures, LLC debt and completely remove them as a noteholder from the company. Although non-toxic, the ILUS management understands that Shareholders would have more comfort knowing that this debt is being removed. ILUS have reached an arrangement with GPL to settle this debt on suitable terms and this debt is being settled out of this current phase of funding. 

 

The first of the three funders, RB Capital, is a well-known and reputable financier in the OTC and public markets. The company is known for partnering with emerging companies and supporting them to refinance on better terms, remove historic toxic debt, and strengthen their balance sheets. 

 

Brett Rosen, Managing Partner of RB Capital added, “After meeting with the leadership of ILUS and conducting our due diligence, it became clear that this was a company we wanted to invest in. We invest in people and their teams, and Nick is the type of leader we believe can move the company forward with the right capital behind him.”

 

The Discover Fund is a well-known fund in the main board markets, such as NASDAQ. The company typically writes much larger cheques than their initial investment in ILUS, however they see the longer-term value in the company. 

 

Luki Ventures is a lesser-known, small boutique family office which is particularly active in the private sector. The company, which has been working closely with ILUS for some time, usually offers tailored medium to long-term finance in the $5 million range. 

 

ILUS CEO, Nick Link, commented, “This round of funding is important primarily because it will drive forward our overall aggressive growth and acquisition strategy, and because of its significance in the removal of the GPL debt. We remain focused on protecting the best interests of our Shareholders and our long-term sustainability.” 

 

 

ILUS also confirmed that the first phase of its Southeastern Europe deal is expected to close in the next week or two, with the company due to receive substantial subsidies within the next six to eight weeks. ILUS will be moving into a very large facility provided by the government. This facility will be used to boost production of ILUS’ commercial electric vehicle range and for research and development, particularly for its brand new 2023 EV range. ILUS will take pre-orders for the new vehicles from May this year and aims to take orders for in excess of 500 vehicles between then and December 2022. 

 

This week, the ILUS board is in its quarterly strategy meetings where it is planning for its next phase of rollout and implementation, whilst streamlining and approving its next shortlist of acquisitions to pursue. ILUS is also wrapping up the paperwork on two previously mentioned deals in the coming days or week, which means it will have concluded its first phase of deals for complete manufacturing and distribution capability. 

 

ILUS formally apologises for an error made at its recent Annual Shareholder’s Meeting when it was mentioned that disclosures were due today (15 February 2022) when they are due in March 2022 for the year ending December 2021. ILUS has since confirmed its 2021 revenue, which for its first year of operations was very impressive. 

 

For further information on the companies, please see their communication channels:

 

Website:https://ilus-group.com

Twitter: OTC_ILUS

 

Contact:

 

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 webcastsalso 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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