Aura Bio Corp.
OTC Bulletin Board : AUBC

Aura Bio Corp.

October 19, 2010 14:01 ET

Aura Bio Corp.-Possible Reverse or Forward Split

REGINA, SASKATCHEWAN--(Marketwire - Oct. 19, 2010) - Aura Bio Corp. ("Aura") (OTCBB:AUBC) today provided the following update on corporate developments:

As previously announced via 8K as of September 29, 2010, the issuer has abandoned all claims, interest and partnership agreement with Agricultural Biodiesel project in Cross River State, Nigeria, with Tolao Energy of Nigeria ("Tolao").

The Company is currently looking for possible new acquisitions and merger candidate that will best fit or meet the current business model of the issuer. The Management and board of directors will be meeting in the upcoming days to discuss the possible new direction and name for the Company. At this time the company will also make a decision in regards to a possible Reverse or forward split. The Board of Directors believe that this is in the shareholder's and Corporation's best interests. Certain factors will be discussed among the members of the Board of Directors concerning the need for the Reverse or forward Stock Split, including: (i) current trading price of the Corporation's shares of common stock on the OTC Bulletin Board and potential to increase the marketability and liquidity of the Corporation's common stock; (ii) possible reluctance of brokerage firms and institutional investors to recommend lower-priced stocks to their clients or to hold in their own portfolios; and (iii) desire to meet future requirements of per-share price and net tangible assets and shareholders' equity relating to admission for trading on other markets.

Aura Bio Corp. is a company focusing on developing and investing in clean energy projects.

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "might", "plan", "predict", "project", "should", "will", and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

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