Quality Industrial Corp. is Acquiring the Majority Stake of Quality International Co Ltd FZC

SAN FRANCISCO, CA / ACCESSWIRE / January 27, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Mergers and Acquisitions company focused primarily on the Industrial and Oil and Gas sectors. QIND is a majority owned subsidiary of ILUS International Inc. (Ilustrato Pictures International Inc; OTC: ILUS). The company confirms that on the 18^th of January 2023, it signed a definitive Share Purchase Agreement (SPA) to acquire 52% of Quality International Co Ltd FZC.

Headquartered in the United Arab Emirates, Quality International has been manufacturing for more than two decades and now operates from approximately 10 million square feet of manufacturing facilities, employing aworkforce of more than 1000. The company delivers turnkey integrated solutions for the Oil and Gas, Energy, Water Desalination, Wastewater and Offshore sectors and boasts an extensive list of reference customers, including the likes of BP, Shell, Total, Chevron, Sonatrach, Sasol, ADNOC and many more.

Chairman of Quality International Co Ltd FZC, Adnan Sharafi, commented: "We welcome ILUS International Inc. and the Quality Industrial Corp team in joining hands with Quality International in its exciting growth journey and to scaling new heights in our customer delivery experience. Our aim is to provide the best in class equipment to each of our customers who place their trust in our engineering and manufacturing capabilities and be their longstanding preferred supply partner of choice".

Historically, Quality International has delivered approximately $100 million in annual revenue and holds a current order book of over $150 million. The company is also working on closing additional orders from an active project list of over $2 billion. Quality International is experiencing a powerful resurgence following the Covid-19 pandemic as the Oil and Gas industry expects record profits in 2023, aided by increased investment in infrastructure for strategy fulfilment in 2023 and beyond. Quality International is on several global preferred vendor lists and is one of very few with all the required Oil and Gas industry certifications and large-scale manufacturing facilities in place. Furthermore, the company is now also actively engaged in delivering equipment for green hydrogen projects in the region