NEW YORK, NY, March 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a mergers and acquisitions firm focused on acquiring and growing public safety technology-based businesses around the world. The Company recently appointed AJSH & Co LLP as auditors. As a result, AJSH recently began the audit of ILUS, hoping to complete it by summer 2022. Once the audit is complete, ILUS will file its Form 10 with the SEC to become a separate reporting entity. whole. It will also change its registered name from Ilustrato Pictures International Inc to ILUS International Inc, and request OTC Markets to change from OTC Pink Market to OTCQB.
AJSH & Co LLP is an independent firm of accountants and business advisors based in New Delhi, India. AJSH is registered with the Public Company Accounting Oversight Board (PCAOB) in the United States and is also ISO 9001:2015 certified. With over 14 years of in-depth experience, AJSH provides a wide range of professional services globally, including Accounting & Bookkeeping, Audit & Assurance, Tax & Regulatory, Consulting commercial and corporate law advice. In addition to this, AJSH has rendered its insurance services to many other listed companies (OTC and NASDAQ markets) in the United States.
ILUS selected AJSH as auditors due to their ability, capacity and knowledge of operations between the Middle East, Europe and the United States, while being in a convenient time zone. AJSH is registered with the PCAOB, USA, and with the Canadian Public Accountability Board (CCRC, Canada). He is also a member of The International Accounting Group (TIAG), which is a global alliance of independent accounting firms. AJSH has extensive growth plans to support US-based businesses and already has extensive operations in the EMEA region. ILUS is confident that it will file its documents earlier than the previously stated timeline of April 2023.
ILUS International’s audit is taking place alongside ILUS’s plans for Emergency Rescue Technologies (ERT) and its other subsidiaries, of which ILUS has previously informed its shareholders. ILUS confirms that listing on the OTCQB does not detract from the plans it has for its subsidiaries, which are continuing concurrently.
ILUS CEO Nick Link commented: “The progress we have made with our plans for ERT and other ILUS subsidiaries this year has been excellent. Now, in parallel, the parent company itself has the possibility of going back to the OTCQB. This is another significant step forward for ILUS, especially since it is happening sooner than expected. Given the interest in our company and the corresponding volume at which our shares are trading, listing ILUS on the OTCQB will only attract even more interest from institutional investors and large private investors. We are pleased to have AJSH on board for this audit as they have worked with many NASDAQ companies with complex operations in regions like ours. They meet our needs well and we look forward to completing this audit this summer. »
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Certain information in this press release contains “forward-looking information,” including “forward-looking 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, (i) the projected financial performance of the Company; (ii) the realization and use of the proceeds of the sale of the shares offered hereunder; (iii) the anticipated development of the Company’s businesses, projects and joint ventures; (iv) execution of the Company’s growth vision and strategy, including with respect to future mergers and acquisitions activity and global growth; (v) the sources and availability of third party funding for the Company’s projects; (vi) the completion of the Company’s projects that are currently underway, under development or otherwise under consideration; (vi) the renewal of current agreements with customers, suppliers and other material agreements of the Company; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as a factor in evaluating an investment. These statements are not guarantees of future performance and should not be unduly relied upon. These 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 projections of future performance or results expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this presentation are based on what management of the Company believes to be reasonable assumptions, there can be no assurance that the 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. Readers are 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 nonpublic 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, question and answer sessions, public conference calls and webcasts may also 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 matters. Information we post on social media may be considered material information. Therefore, in light of SEC guidelines, we encourage investors, the media, and others interested in our business to review the information we post on the following social media and media outlets:
website:https://ilus-group.com Twitter: OTC_ILUS
Note: ILUS Coin is not part of ILUS International Inc (Ilustrato Pictures International Inc), so the public is recommended to follow the correct media channels relating to the public OTC company: ILUS.