Rangemore Film Productions provides update on symbol change and commences process to move to current information
MIAMI BEACH, FL, April 9, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (formerly Auctions International Inc.) (OTCPINK: AUCI) today announces that subsequent to the press release of April 3, 2013, Rangemore's transfer agent has now filed the application for a new CUSIP number as part of the process for the symbol change. Upon the issuance of the new CUSIP number, the application with FINRA will be complete and the new symbol issued. Management of Rangemore will update shareholders as the process moves forward.
In addition, the management of Rangemore has begun preparing the documents required to move up to the "Current Information" level on the OTC Pink Sheets. The process involves filing an updated "Information & Disclosure Statement" along with current financial statements and legal opinion. The "Information & Disclose Statement" has been drafted and the financial statements are in the process of being completed.
"Now that we have completed the merger and operations are in revenue, we can focus on preparing the documentation necessary to move to the 'Current Information' level of the Pink Sheets" stated Richard Smith, Secretary & Treasurer of Rangemore. "Becoming a 'Current Filer' is the first step in becoming fully reporting which is where we need to be to gain credibility with the investment community which is important as we move our company forward" 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 Auctions International Inc'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.