SOURCE: Aurus Corporation

September 12, 2007 10:09 ET

Aurus Chooses Transfer Online, Inc. as Stock Transfer Agent

NEW YORK, NY--(Marketwire - September 12, 2007) - AURUS Corp. (PINKSHEETS: AURC) advises its shareholders that its former transfer agent, Select America Transfer Company, is under investigation by the Ontario Securities Commission for certain irregularities within the framework of the work it did for a number of its clients. Aurus Corp. is not included in the list of companies under investigation. Nevertheless, this situation hindered Aurus to properly fulfill its obligation towards its shareholders especially due to the fact that Select America Transfer Co. has ceased its operations. Consequently, Aurus was not able to issue the dividends destined for its shareholders on February 15, 2007.

AURUS Corp. announced its decision to choose Transfer Online Inc. as stock transfer agent and registrar for its common stock. Transfer Online is an SEC regulated stock transfer agent based in Portland, Oregon specializing in Pink Sheets as well as Bulletin Board companies. Transfer Online Inc. is a Deposit Trust and Clearing Corporation (DTCC) participant which will allow AURUS Corp. to issue and transfer stock in certificate form as well as in an electronic form through DWAC.

AURUS Corp. has decided to change from Select America Transfer Company to Transfer Online Inc. in order to facilitate the management of the capital shares of the company and permit as well as speedup the payment of the dividends in shares that was declared in February 2007. ''As soon as our account will be setup to execute DWAC shares issuance, AURUS Corp. will proceed with the payment of the dividend in shares as promised to the shareholders,'' said Fedor Dovgan, chief executive officer of AURUS Corp. This shall be accomplished within a thirty-day period. Mr. Dovgan adds that the Company is in good standing with all taxes having been settled and paid. Furthermore, reports will now be forthcoming regarding the activities over the past summer months.

AURUS CORP. (www.auruscorp.com)

AURUS CORP. is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pink sheets market. AURUS seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging countries and operates its mines through joint ventures and/or partnerships.

Forward-Looking Statements

Few statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current estimates and projections about AURUS CORPORATION's business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors includes, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategies, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

Contact Information

  • Contact:
    Christine Lagace
    1-888-923-9381 ext. 28