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ILUS Confirms Its Second Quarter of 2022 Results, Including a 553% Revenue Increase Over Its Previous Quarter, to $19,677,222

NEW YORK, NY, Aug. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc ILUS is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. The company, which increased its revenue over the same quarter in 2021 by 588%, and by 553% over the first quarter of 2022, is confidently on track to exceed its annual run-rate revenue forecast. 

Highlights for the three months ended June 30th, 2022, are as follows:

  • Revenue: $19,677,222.51 
  • Net Profit: $1,132,322.21 
  • EBITDA: $ 1,659,141.95 
  • Assets: $55,308,410.82
  • Working Capital: $9,640,172.49

Progress during the second quarter included ILUS acquiring the majority stake of the fully reporting OTCQB company, Wikisoft Corp. which then underwent a name and ticker change to Quality Industrial Corp QIND. QIND has signed a binding Letter of Intent to acquire 51% of a United Arab Emirates based process equipment manufacturer which is generating more than $100 million in annual revenue. 

Following its participation at the FDIC Exhibition in Indianapolis in April, where the ILUS Group product range gained positive attention from potential US and international customers, the company continued to focus on business development and improvement of the businesses within its group. ILUS has been especially pleased with the progress made by Georgia Fire Rescue, which delivered its strongest quarterly performance to date after moving into its new larger facility. Steady growth has been delivered across the board within the group and with the third quarter already well underway, ILUS is confident of an even stronger performance in its third and fourth quarters. 

During the third quarter, ILUS expects its audit to be completed, following which it plans to file its Form 10 with the SEC to become a fully reporting entity, change its registered name, and apply to OTC Markets to up list from the OTC Pink Market to the OTCQB. The company is also progressing with closing negotiations for important acquisitions which will add specialized technology, additional manufacturing capability and further significant revenue to the group. ILUS also plans to make important announcements regarding its roadmap and important milestones during the period. 

ILUS Managing Director, John-Paul Backwell, commented: "We have delivered very impressive growth during the second quarter, and we are just starting to get into our stride as a global company which aims to become a dominant conglomerate. With even bigger deals on the table and so many exciting developments taking place behind the scenes, we are thrilled about all that the back half of the year holds in store for our company and our Shareholders."

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

Twitter: @ILUS_INTL



Source: ILUS 

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