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SOURCE Auctions International, Inc.
MIAMI BEACH, FLORIDA, March 11, 2013 /PRNewswire/ - Auctions International Inc. ("Auctions") (OTCPINK: AUCI) announces that Rangemore Productions Corp. ("Rangemore"), with whom Auctions has entered into a merger agreement, has just opened an operations office in Manchester, England.
The new office is located a few minutes drive from MediaCityUK, the new home to BBC and ITV. Manchester has been described as the only other British city to rival London in terms of television broadcasting and is the second largest centre of the creative and digital arts industry in Europe.
"With the partnership now in place with Flick Me Productions, it was necessary for Rangemore to have a presence in the UK and Manchester seemed the logical choice" stated Andrew McLaughlin, President & CEO of Rangmore. "Our office in Miami will continue to service North America, while the new operations in Manchester will ensure that we have a strong foothold into the lucrative UK/European film market. This is a very exciting time for our company as we begin to lay the foundation for the execution of our business and marketing plan" 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.
For more information on Auctions or Rangemore please call Rangemore Productions Corp. at 305-851-2469 or visit www.rangemoreproductions.com.
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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