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ILUS Provides a First Quarter Filing Update

NEW YORK, NY - (NewMediaWire) - May 16, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company that is committed to acquiring and growing businesses in the public safety and industrial sectors. 

Yesterday, the company’s industrial subsidiary, Quality Industrial Corp. (OTC: QIND), displayed impressive first quarter results in its 10-Q. Senior management of QIND and ILUS recently met with executives from senior exchange-listed companies in Dubai where the parties made progress towards completion of a transaction.  

Since the restatement of ILUS’ 2022 and 2023 financials which had led to a significant delay in filing of the company’s annual report while consuming substantial management and professional services resources across the group, the ILUS team has been working hard to get back on schedule with its filing deadlines. Simultaneously, an exceptional amount of work has gone into the extensive list of documents required for the uplisting of ILUS’ subsidiaries. 

ILUS has remained determined to achieve its milestones, making it a challenging period in terms of resource demand. The company believes it is close to having caught up with the workload required and having recently hired two additional finance resources, ILUS expects to file its first quarter report soon. Going forward, the company believes it has the resources in place to file timely. 

ILUS apologizes to Shareholders for the late filing of its quarterly report and is confident that the progress made thus far in 2024 has strengthened the company without detracting from the achievement of its uplisting milestones.  

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 

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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: ILUS_INTL 

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