Auctions retains Information Solutions Group to provide investor relations services
MIAMI BEACH, FL, March 18, 2013 /PRNewswire/ - Auctions International Inc. ("Auctions") (OTCPINK: AUCI) is pleased to announce that it has retained Information Solutions Group ("ISG") to provide market awareness and investor relations services on a monthly basis. The management of Auctions felt that it was time to bring in a partner to accurately and professionally convey our story to the investment community. The choice to retain ISG was made after weeks of interviewing potential candidates and executing extensive due diligence.
ISG is a marketing and investor relations advisory firm based in the State of New York. The services to be provided by ISG will encompass marketing to and maintaining a professional investor audience for Auctions through the distribution of press releases and development focused updates along with corporate branding and accurate and timely communication between Auctions and its potential shareholders.
In consideration of the services to be provided by ISG, Auctions has agreed to a monthly agreement with a retainer of USD$10,000 per month. ISG does not have any interest, directly or indirectly, in the Auctions or its securities nor does ISG have any right or intent to acquire such an interest.
"We are pleased to begin work with Auctions as they progress through with their merger with Rangemore. We are confident that we can provide the proper balance of professionalism and marketing to the public without any exaggerated hype." Joseph Nacca, Managing Partner, ISG
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
Certain statements in this release may be considered forward-looking statements within the meaning of federal securities laws. In addition, not all securities will have the characteristics discussed in this release. Before investing in any issued security, you should read the prospectus and prospectus supplement pursuant to which such security is offered. You should also read our most current Annual Report on Form 10-K and our reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") available on the Investors page of our Web site at www.rangemoreproductions.com and on the SEC's Web site at www.sec.gov.
SOURCE Auctions International, Inc.