SOURCE: OTC Report

June 16, 2005 09:29 ET

Auction Mills Incorporated Unveils New Direction and Cancels 218 Million Shares, Announces The OTC Report

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC Report.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 16, 2005 -- The OTC Report recommends Auction Mills Incorporated (OTC: AUML), which today announced the company's plan to move forward in a new direction. Auction Mills Inc. plans to abandon the public drop-off side of the business model and extend all of its efforts towards a B2B and commercial approach. The company's executives plan on building a business model that is very similar to that of Liquidation.com. Auction Mills will not only liquidate overstock, dead stock, and store returns but will actually purchase bulk lots of high-value merchandise from large retailers and product manufacturers across the U.S. and resell the merchandise for larger profits. For more information, visit http://www.vlcn.com/auml61605.htm.

Other active stocks are Raptor Investments Inc. (OTC: RAPT), Net2Auction Inc. (OTC: NAUC) and Ivanhoe Energy Inc. (NASDAQ: IVAN).

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