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NewMediaWire --
NEW YORK, NY, March 15, 2022 (GLOBE NEWSWIRE) -- via ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety technology-based companies across the globe. The Company has recently appointed AJSH & Co LLP as its auditors. Accordingly, AJSH has recently begun the audit of ILUS, expecting to complete it by the summer of 2022. After completing the audit, ILUS will file its Form 10 with the SEC to become a fully reporting entity. It will also change its registered name from Ilustrato Pictures International Inc to ILUS International Inc, and apply with OTC Markets to up list from the OTC Pink Market to the OTCQB.
AJSH & Co LLP is an independent firm of Chartered 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 profound experience, AJSH renders a wide array of professional services globally, including accounting and bookkeeping, audit and assurance, tax and regulatory, business consultation and corporate law advisory. In addition to this, AJSH has been rendering its assurance services to many other publicly listed companies (OTC markets and NASDAQ) in the United States.
ILUS chose AJSH as its auditors due to its capabilities, capacity, and knowledge of operations between the Middle East, Europe, and the United States, whilst being in a convenient time zone. AJSH is registered with the PCAOB, US as well as Canadian Public Accountability Board (CPAB, Canada). Its also a member of The International Accounting Group (TIAG), which is a worldwide alliance of independent accounting firms. AJSH has extensive growth plans for supporting US-based companies, and already holds extensive operations in the EMEA region. ILUS is confident that it will bring its filings earlier than the previously stated timeline of April 2023.
The audit of ILUS International is running in parallel to ILUS’ plans for Emergency Rescue Technologies (ERT) and its other subsidiaries, which ILUS has previously made its Shareholders aware of. ILUS confirms that up listing to the OTCQB does not detract from any plans it has for its subsidiaries, which are continuing simultaneously.
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 opportunity to up list to the OTCQB. This is another significant step forward for ILUS, especially since it is happening ahead of schedule. Given the interest in our company and the corresponding volume at which our stock trades, listing ILUS on the OTCQB will only attract even further interest from institutional investors and larger private investors. We are pleased that AJSH is onboard for this audit as they have worked with many NASDAQ companies with complex operations in regions such as ours. They are a good fit for our requirement, and we look forward to the completion of this audit in the summer.”
For further information on the companies, please see their communication channels:
https://ilus-group.com
Website:Twitter: OTC_ILUS
Contact:
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com