Auctions International appoints transitional management team
MIAMI BEACH, FL, Jan. 22, 2013 /PRNewswire/ - Auctions International, Inc. ("Auctions") (OTCPINK: AUCI) is pleased to announce that it has received and accepted consents from Mr. Andrew McLaughlin and Mr. Richard Smith to join its board of directors. Mr. McLaughlin will also be joining Auctions as the new CEO and Mr. Smith as Secretary/Treasurer. The new appointments are a direct result of the previously announced merger between Auctions and Rangemore Productions Corp. ("Rangemore") and take effective immediately. Doug Mann will remain temporarily a director and President of Auctions to assist with the transition.
Andrew McLaughlin
Mr. McLaughlin was educated at Oglethorpe University and currently
resides in Miami Beach, Florida. Mr. McLaughlin has background in
business management with extensive experience in developing and
marketing commercial real-estate. He was very instrumental in
Rangemore's negotiations for Island Studios (the "Studios"). Mr.
McLaughlin will be active in the day-to-day operations of the Studios
while being responsible for sourcing independent film projects aimed at
enhancing Rangemore's bottom line. Mr. McLaughlin's extensive
negotiating skills together with his strong project management
background will be invaluable in the operations of the Studios and the
development and marketing of related film and TV projects.
Richard Smith
Mr. Smith has over 20 years of experience in the investment industry
with a specialty in micro cap IPOs and mergers. His extensive
knowledge of the investment industry was garnered by years of
experience in all areas of the industry including a two year tenure as
the Manager of Listings for Western Canada for the Canadian National
Stock Exchange. He was a pioneer in cross listing companies between
North America and Europe; being the first to list a CNSX traded company
on the Berlin Stock Exchange. His wide range of knowledge and contacts
have made him invaluable with client companies, being able to advise on
market strategy and arrange funding in a timely manner. Mr. Smith will
be responsible for closing the merger between Auctions and Rangemore
and providing ongoing public market support and financing to
successfully implement the new business plan.
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.
Forward-Looking Statements
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.
SOURCE Auctions International, Inc.
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