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Stock impact report

ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend

ILUSTRATO PICTURES INTL (ILUS) 
Company Research Source: GlobeNewswire
NEW YORK, NY, April 10, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company that is committed to acquiring and growing businesses in the public safety, industrial, defense, and renewable sectors. ILUS has two subsidiaries, Quality Industrial Corp. (QIND) and Emergency Response Technologies Inc. (SAML), in which it holds the majority stake. QIND functions as ILUS' Industrial subsidiary, while SAML functions as its Public Safety subsidiary. The ILUS Board of Directors has recently approved the uplisting of both subsidiaries by reverse merger, following progress in discussions with National Exchange listed companies. Additionally, the board has approved the distribution of an equity dividend in the form of SAML shares to ILUS Shareholders of record on a date to be defined. SAML has acquired seven public safety businesses from ILUS, and the subsidiary is in the process of completing an important new acquisitio Show less Read more
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