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ILUS Announces Completion of QIND Acquisition by Fusion Fuel (NASDAQ_ HTOO)

GlobeNewswire LogoGlobeNewswire11h ago

ILUS Announces Completion of QIND Acquisition by Fusion Fuel (NASDAQ_ HTOO) - GlobeNewswire

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Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements.

NEW YORK, Nov.27, 2024 (GLOBE NEWSWIRE) -- Ilustrato Pictures International Inc.(OTC: ILUS) ("ILUS” or the "Company”), a diversified holding company, is pleased to announce the successful completion of the previously disclosed Stock Purchase Agreement with Fusion Fuel Green PLC (NASDAQ: HTOO) ("Fusion Fuel”) and certain other shareholders of Quality Industrial Corp.(OTC: QIND) ("QIND”).

This transaction also lays the foundation for Emergency Response Technologies (OTC: SAML) to follow a similar trajectory and for ILUS itself to evolve into a resilient and diversified mini-conglomerate.” Fusion Fuel: A Leader in Green and Industrial Energy Solutions Fusion Fuel, a leader in energy engineering and advisory services, specializes in green hydrogen and industrial gas solutions.

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Article Details

Author / Journalist: ILUS International Inc.

Category: Technology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 17:35:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 854 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 23908320

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News Last Updated: 8 hours ago

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