|By PR Newswire||
|November 20, 2012 04:15 AM EST||
MIAMI BEACH, FLORIDA & WINNIPEG, MANITOBA, Nov. 20, 2012 /PRNewswire/ - Auctions International, Inc. ("Auctions") (OTCPINK: AUCI) is pleased to announce that Auctions and Rangemore Productions Corp. ("Rangemore") have commenced production planning of a live auction television show with real-time online bidding. The television program will be produced from Rangemore's Island Studios on the Isle of Man and will allow viewers to bid on displayed items live via the internet using Auction's real time bidding software. The show will initially be focused on high end luxury vehicles and then expand to include yachts, real estate, fine art and expensive collectibles. The series will start with one episode per week for 12 weeks and then expand as interest and demand grows. The program will be tailored to the high net worth consumer with the end goal being a live 24-hour interactive auction television program for luxury goods.
"This is a perfect marriage of what our two companies do best," stated Doug Mann, President & CEO of Auctions. "Viewers will be able to view luxury items on their television or tablet from the comfort of their own homes and bid on the items being displayed in real-time over the Internet. This adds a new and exciting dimension to traditional and online auctions and gives consumers the ability to purchase high-end goods that they normally wouldn't have access to. We are very excited about this project and the number of the markets we can service is potentially unlimited," continued Mr. Mann.
"Rangmore Productions Corporation is looking forward to creating new television shows at our studios or on location for broadcast incorporating Auctions established software for transmission in 2013." Stated Paul Mullins, President & CEO of Rangemore. "New program content will include auctions for exceptional and unusual items including property, boats, planes, artworks, and high value objects of interest to collectors." Continued Mr. Mullins.
About Auctions International, Inc.
Auctions International, Inc. is a publicly traded company whose core business is 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.
On October 24, 2012, Auctions announced that it had entered into a binding Letter of Intent to merge with Rangemore Productions Corp.
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.
For more information on Auctions International, Inc. please call 250.317.8885 or email [email protected]
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 Rangemore Productions Corp. please visit www.rangemoreproductions.com or call 305.851.2469.
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 Smith Jones Capital Corp.
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