This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Auctions International And Rangemore Productions Remove Due Diligence Pre-conditions

MIAMI BEACH, FL, Dec. 4, 2012 /PRNewswire/ - Auctions International, Inc. ("Auctions") (OTCPINK: AUCI) is pleased to announce that in anticipation of the closing of the merger between Auctions and Rangemore Productions Corp. ("Rangemore"), both parties have completed their pre-condition due diligence and are moving forward to signing and closing a definitive Merger Agreement.

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.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,803.39 +26.96 0.16%
S&P 500 1,983.89 -3.16 -0.16%
NASDAQ 4,756.4240 -24.84 -0.52%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs