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MIAMI BEACH, FL,
April 1, 2013 /PRNewswire/ -
Rangemore Film Productions Corp. (formerly Auctions International Inc)(OTCPINK: AUCI) today confirmed the closing of its previously announced merger with Rangemore Productions Corp. effective
March 31, 2013.
The surviving entity, Rangemore Film Productions Corp. will be headquartered in
Miami Beach and
Manchester, England and continue to trade on the OTCPINKS under the symbol AUCI. The Board of Directors will consist of
Andrew McLaughlin and
Richard Smith and the officers will be
Andrew McLaughlin - CEO,
Doug Mann - President and
Richard Smith - Secretary & Treasurer. An application for a new stock symbol will be filed with FINRA imminently.
In accordance with the terms of the merger agreement, each common share of Rangemore Productions Corp. has been converted into one
PREFERRED SHARE of Rangemore Film Productions Corp. in exchange for all the assets, liabilities and operations of Rangemore Productions Corp.
The corporate website has also been changed to
"It's a great day for our shareholders," stated
Doug Mann, President. "The new direction our company has taken is very unique and exciting. Rangemore is poised for significant growth in the coming months and years now that we are officially in the movie business." continued Mr. Mann.
"We are pleased to have the merger completed," stated
Andrew McLaughlin, CEO. "We can now focus on building our company and the development of the film projects" continued Mr. McLaughlin.
About Rangemore Film Productions Corp. (Formerly Auctions International Inc.)
Rangemore Film Productions Corp. (formerly Auctions International Inc.) is a publicly traded company whose core business was the development and implementation of a proprietary technology that enabled virtual auctions for any type of product or commodity over the internet.