Auctions International Inc.

Auctions International Inc.

March 28, 2011 08:31 ET

Auctions International Announces-Revenue Stream While Merger Proceeds

KELOWNA, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Auctions International Inc. (PINK SHEETS:AUCI), originally a technology company that owned and marketed proprietary software that enables real-time on-line auctions of virtually any commodity in the wholesale market, announces today that as the proposed merger between itself and Amero International, (Press Release January 27, 2011) the two companies will begin working together immediately. Auctions International will immediately become the retail sales arm of Amero International, and is expected to generate revenue of about $30,000 per month based on Amero International's current retail sales volume. 

Doug Mann, President and CEO of Auctions International Inc., said, "This is a significant opportunity for a company that has previously been revenue starved. It puts arms length distance between Amero International and its retail sales so that it is no longer seen as competing with its other retail customers. As the Audits and other processes required by the merger proceed, the companies will be working together and sharing processes to the benefit of both."

About Auctions International Inc.

Auctions International has significant experience and expertise in the creation and operation of on line real time auctions for both the retail and wholesale markets. Auctions International is poised to complete a Reverse Merger with Amero International once Audits and Legal due diligence are complete.

About Amero International Inc.

Amero International Inc. is a closely held private corporation duly registered in the province of Manitoba Canada. Amero International Inc. has several divisions. This diverse company is involved in the manufacture, wholesale distribution, and retail sales via the Internet, of products ranging from outdoor recreational products to fine detail collectibles including mint items. 

Amero International has current annual revenues of approximately $700,000 with net revenues of over $400,000 and has planned an aggressive growth strategy. Amero International is the sole owner of CMC Mint (web address). CMC Mint manufactures in China, with Warehousing in China, The USA and Canada. Company President Jean-Eric Plamondon has several years experience in the start-up of Internet based companies and has extensive experience in offshore production and world wide sales and distribution of quality mint collectibles and investment pieces (jewelry, coins and antique replicas with varying quantities of gold and other precious metals). The process begins immediately to implement proper legal and accounting procedures to reduce the time required to implement a reverse merger from beginning to end. The goal is to have Amero international, publicly trading as an audited company that is fully reporting to the SEC; ASAP.

Further press releases with disseminate relevant information as the merger process proceeds.

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. 

Contact Information

  • Auctions International Inc.
    Doug Mann
    President and CEO
    Amero International Inc.
    Jean-Eric Plamondon