Ilus is in the process of completing the large US vehicle manufacturing acquisition which is currently in negotiation. I would also like to note that they are merging the four Emergency Response Technologies companies in the Middle East under Emergency Response Technologies, Middle East, managed by a newly appointed General Manager reporting to Dan Peters. In addition to this, they are consolidating all manufacturing outside the US for all products and vehicles from the UK and Dubai to Serbia, leveraging Serbian government incentives in the process. This transition is currently already underway. The measures taken will streamline Emergency Response Technologies operations and significantly improve their financials while reducing operational costs by 20-25%.
(0)
(0)
Ilustrato Pictures International Inc. (ILUS) Stock Research Links