MIAMI BEACH, FL, March 13, 2013 /CNW/ - Auctions International Inc.
("Auctions") (OTCPINK: AUCI) announces that Rangemore Productions Corp
("Rangemore") and its new joint venture partner Flick Me Productions
Limited ("Flick Me") are currently in negotiations to finance and
produce a 13 episode cartoon series. The name of series will be
announced at a later date.
The initial negotiations are for Flick Me to raise funds for the
development and production of the series utilizing its ability to issue
tax credits under the HMRC Enterprise Investment Scheme while Rangemore
will provide the studio and production facilities and a third party the
intellectual property and story line. It is expected that an agreement
will be finalized within two weeks and preproduction commencing shortly
"This is the first of three negotiations that we are currently closing"
stated Mr. Andrew McLaughlin, President & CEO of Rangemore. "With the
Flick Me/Rangemore partnership now in place and the ability to raise
funds utilizing the HMRC tax credits, we have had a surge of interest
from script writers and film directors looking to get their projects
off the ground. Flick Me provides the vehicle to get projects funded
while Rangemore the studio and production facilities. It is a win-win
situation for all involved." 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.
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: Auctions International, Inc.
For further information:
For more information on Auctions or Rangemore please call Rangemore Productions Corp. at 305-851-2469 or visit www.rangemoreproductions.com.