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SOURCE Auctions International, Inc.
MIAMI BEACH, FL, Feb. 19, 2013 /PRNewswire/ - Auctions International Inc. ("Auctions") (OTCPINK: AUCI) would like to announce the commencement of the marketing phase of the business plan for Rangemore Productions Corp. ("Rangemore"). The focus of management will be to aggressively seek business for the studio and to identify potential joint venture film opportunities. A large part of the marketing plan will consist of attending and presenting at high profile industry related events with the intent to establish working relationships with key industry players. Having a presence at these events is an effective way to develop these relationships. Rangemore has attended two events so far this year and is planning on having representation at the following:
"Developing personal relationships within the film industry is key to the success of our studio and the development of portfolio of film projects" stated Andrew McLaughlin, CEO of Rangemore. "Already we have had numerous opportunities generated from the two events that we attended in January. If the success from these events is any indication of things to come, we are going to be very busy both in the near and long term future" continued Mr. McLaughlin.
About Auctions International Inc.
Auctions International Inc. is a publicly traded company whose core business was the development and implementation of a proprietary technology that enables virtual auctions for any type of product or commodity over the internet. In addition to the development and launch of its technology, the management of Auctions is dedicated to identifying and acquiring undervalued opportunities that have significant upside with the focus being to add to shareholder value. As a result, on December 31, 2012, Auctions entered into a Merger Agreement with Rangemore Productions Corp. For more information on Rangemore Productions Corp. please see below or visit www.rangemoreproductions.com.
Auctions is a Development Stage Company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities, and has not yet generated significant revenues from their intended business activities.
About Rangemore Productions Corp.
Rangemore Productions Corp. ("Rangemore") is an independent film company that operates a film studio on the Isle of Man known as Island Studios. Island Studios is a complete film production facility located two miles outside the town of Ramsey and is approximately 7 acres in size and houses a film studio, sound studio, make-up studio, dressing rooms, canteen and dormitory, administration offices, and storage facility. The studios have been operating since 2002. Along with the studio operations, Rangemore will be actively producing independent film productions. Management of Rangemore is in the process of reviewing a number of film projects and joint venture opportunities.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Auctions' filings with OTCMarkets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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