MIAMI BEACH, FL, May 8, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK:RANF) today announces that management has prepared all the necessary paperwork required to move to the 'Current Information' tier of the OTC Markets quotation system. In addition to the internally prepared documentation a third party legal opinion will also need to be provided as part of the filing process and that is currently underway. It is anticipated that all documentation including the legal opinion will be filed with OTC Markets on or before May 24th, 2013.
"It is important that we become a 'Current Information' filer with OTC Markets to gain credibility with the investment community" stated Richard Smith, Secretary & Treasurer of Rangemore. "As our company develops corporately we want to ensure that we are doing everything we can to get maximum return for our shareholders and moving to 'Current Information' is just one forward step in our long-term plan to become fully reporting" continued Mr. Smith.
About Rangemore Film Productions Corp. (Formerly Auctions International
Rangemore Film Productions Corp. (formerly Auctions International Inc.) is a publicly traded company who 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. Along with the studio operations, Rangemore will be actively investing in and producing independent film productions.
Rangemore Film Productions Corp. 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.
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 Rangemore Film Productions Corp.'s 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 Rangemore Film Productions Corp.