WINNIPEG, MANITOBA--(Marketwire - May 30, 2012) - This is the beginning of a new and exciting future for this new company. Auctions International Inc. (PINKSHEETS:AUCI) will remain as the company's main identity for the foreseeable future. This will be the case at least until AUCI becomes fully reporting at which time, would be the logical point to rethink the identity for the future.
This merger brings tremendous value and opportunity for AUCI shareholders and enables AUCI to evolve and mirror the structures of larger conglomerates that are profitably doing business in various industrial and retail sectors in the global marketplace.
AMERO International is the sole owner of CMC Mint with manufacturing facilities in China, warehousing in China, the USA and Canada. CMC Mint has offshore production with worldwide 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 intention of AUCI Management, is to continue to seek out additional corporate entities that would enhance the potential flexibility of AUCI in the rapidly changing marketplace, allowing better security for investors. This structure has been implemented to help identify sources of increased profit, manage risk, and provide flexibility.
During the lengthy merger process, AUCI has identified and has been in negotiation with an industrial company that has major business clients in China and Korea. It is a perfect fit for the new AUCI and will add another arm to the revenue stream.
Conditions exist with the discussions to provide a WIN-WIN for AUCI and the current owners.
Further information will be provided as the negotiations continue.
AUCI management, led by Jean-Eric Plamandon, want to insure AUCI shareholders that the company has solid plans and is not deterred by market noise. Value is growing and announcements will be made, as necessary, to advise the marketplace of material importance.
About Auctions International
Auctions International Inc. (PINKSHEETS:AUCI) is a Nevada Based company with a proven track record in management of real time over the net auctions of various commodities. AUCI has spent 3 years looking for a revenue generating vehicle that would supplement its current business model.
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.