Auctions International Announces-Revenue Stream While Merger Proceeds
March 28 2011 - 8:30AM
Marketwired
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.
Contacts: Auctions International Inc. Doug Mann President and
CEO 250-317-8885 dgmann@shaw.ca Amero International Inc. Jean-Eric
Plamondon President 204-963-5326 john@ameroimports.net