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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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