NEW YORK, NY, Oct. 20, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Ilustrato Pictures International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on the acquisition and growth of public safety and industrial companies across the globe. Today, the company has filed its Form 10-12G Registration Statement with the U.S. Securities and Exchange Commission (the "SEC").
“We are pleased confirm the filing of our Form 10 today which provides detailed and audited information about our company’s operations, including an overview of our business strategies, risk factors, financial statements, and further material information. Our ongoing obligation to file with the SEC in a timely manner will help current and new investors make more informed and educated investment decisions about our company. This is an important and essential step in our commitment to provide our investors with further transparency and accountability,” said ILUS Managing Director, John-Paul Backwell.
Shareholders and interested parties are urged to read the filed Form 10-12G which is available at the U.S. Securities and Exchange Commission’s website (www.sec.gov), under the name of Ilustrato Pictures International Inc. Some of the highlights and key information in the Form 10 includes:
- Audited revenues for year ended 2021 of $ 11,263,875 which was ILUS’ first year of operating since taking over from previous management in January 2021
- $ 19,677,222 Net Revenue in the second quarter of 2022
- A complete statement of business operations, including but not limited to organizational structure, operating companies, subsidiaries, details of acquisitions, and risk factors
- Financial information, properties, and security ownership
- Profile of Directors, Officers, executive contracts, and compensation
- Financial statements filed with auditors’ consent and Exhibits
Once the filing is effective, ILUS will be subject to the full reporting requirements of the SEC. This means the company will be begin filing Form 10-K annual reports, Form 10-Q quarterly reports and Form 8-K periodic reports with the SEC. The company will also be subject to additional reporting obligations related to proxies, shareholder actions and stock ownership rules. The Form 10-12G will have automatic affect 60 days after the filing, following which the company plans to change its registered name and apply to OTC Markets to up list from the OTC Pink Market to the OTCQB.
ILUS CEO Nicolas Link commented, "As a company with over 40,000 current shareholders as confirmed by the NOBO list and which is already delivering exponential growth, the filing of our Form 10 and the events to follow as a result, all form part of ILUS delivering on its conglomerate plan, whereby a solid foundation of reliable operations, financial stability and ongoing transparency serve as the springboard for our even greater and completely unrivalled growth.”
For further information on the company, please see its respective communication channels:
ILUS Website: https://ilus-group.com
ILUS Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
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:
ILUS Website: https://ilus-group.com
ILUS Twitter: @ILUS_INTL
