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Stock impact report

SAML Acquires Seven Public Safety Companies from ILUS and Pursues Aggressive Growth Plan [Yahoo! Finance]

ILUSTRATO PICTURES INTL (ILUS) 
Company Research Source: Yahoo! Finance
As previously reported, Ilustrato Pictures International Inc. (OTC: ILUS) acquired the controlling interest in the company on January 5, 2024, and changed the business direction of SAML from luggage manufacturing and distribution towards the public safety sector. SAML has already filed a corporate action for its name change to Emergency Response Technologies Inc. and preferred trading symbol, RESQ. On February 23, 2024, SAML signed a Stock Purchase Agreement with ILUS to acquire its existing public safety focused companies for an aggregate purchase price of 350,000,000 shares of common stock issued as 350,000 shares of Series B stock in SAML. Through completion of the transaction, SAML acquired all the equity interests in seven companies owned by ILUS: Firebug Mechanical Equipment LLC Georgia Fire & Rescue Supply LLC Bright Concept Detection and Protection System LLC Bull Head Products Inc E-Raptor The Vehicle Converters AL Shola Al Modea Safety and Security LLC, the o Show less Read more
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