Every now and then a little guidance from company executives can go a long way. Following the announcement of the first-quarter progress in 2021 as well as the highlighting of plans to come in the remaining three quarters of the year, shares of Ilustrato Pictures International Inc. (OTCPK:ILUS) saw a nice rally.
CEO Nick Link went onto say that “as a team, we have made phenomenal progress in the last three months. Our sales pipeline has grown exponentially with both acquired businesses feeding off the synergies that exist between them.
“As the second quarter kicks off, we are now closing in on the acquisition of more innovative technology to complement our current suite whilst also focusing on adding more talent to our global sales, marketing and operational teams. We are all working extremely hard and are incredibly excited about the future for ILUS International.”
ILUS a public M&A investment company operating out of New York, London and Dubai focused on adding shareholder value by innovation and growth. The company is primarily focused but not limited to acquiring businesses in the Technology, Engineering & Manufacturing space globally. Historically, the company has evolved out the industrial sector mainly from Emergency Services products, Emergency Response vehicles, Vehicle conversions, EVs, Wearable tech & Smart Tech.
Shares traded up to $0.108/share (+12.5%) at the session high following the update, which could be an indication of things to come as the stock tries to dig out of the multi-week pullback it has been experiencing.