Outstanding shares lock up to complete an
acquisition project.
Dallas, TX -- May 28th, 2015 -- InvestorsHub NewsWire
-- Auri, Inc. (OTCPK:
AURI) (the Company)
AURI reports continued strong sales in its consumer products
division operated under the wholly owned subsidiary, Phoenix
Fulfillment Group LLC. The talent and experience of the new design
office in El Segundo has let to opening of several new national
accounts. With the growth of the company and growing commitments in
China, Mr. Weinert, CEO and Chairman has made a three year
commitment to relocate to CA, moving to Rolling Hills Estates on
the Palos Verdes Peninsula just south of Los Angeles. This affords
access to the design team in El Segundo and closer proximity to our
China joint venture opportunity in Pingo. The Pingo home decor
stores, design and service company based in Shunde, China has
continued to expand, opening 30 new stores per month during the
first quarter of 2015. Mr. Weinert will be dividing his time
between the sales & marketing management responsibilities of
the consumer art products sold to North American retailers and the
Pingo home decor and decoration company in China.
The company will continue to maintain and operate its
headquarters offices in Dallas, Texas.
In order to continue and complete the acquisition path of AURI
Inc., the company management, major shareholders and insiders
agreed on a three (3) year outstanding shares lock up agreement.
This agreement will enable the company to have an intelligent path
to the completion of one of its largest acquisitions. This
corporate action will position the company in a healthy market
capitalization structure of: 1) TOTAL locked SHARES of
1,249,342,479. 2) TOTAL OUTSTANDING SHARES 1,311,670,675.and
leaving TOTAL FREE TRADING SHARES (the float in the market) of
62,328,196
The company, management, and its attorneys will commence the
process of up listing
the company to the next tier and to a fully reporting status;
OTCQB and OTCQX.
We are excited with the financial goals and milestones that we
have already achieved, and are ready for the next level. This
company, once we complete the acquisition and the audits, has all
the ingredients to qualify for the up listing on the big boards,
such as NASDAQ. The managed float, share structure and market cap
should enhance our shareholders value and create a better path for
the next level. Commented James S. Tassan, CFO.
Recently company posted greater revenues from last year and the
following updates:
AURI announces the first deliveries to retail customers of the
new oversize KD stretched canvas product call MuralArt. The first
deliveries of 8 foot by 10 foot stretched canvas product shipped in
a unique knock down configuration were received by Rooms To Go, a
furniture retailer based in Florida with stores throughout many
southern states and Texas. This is a very exciting development with
this product in development for well over a year. Chairman and CEO,
Scott Weinert stated: This unique and proprietary product is one of
the most innovative and ground breaking product opportunities in
wall decor, with application industry wide for both retail,
hospitality and visual retail display. We are very excited to see
this finally come to fruition and appreciate the partnership with
Rooms to Go so see this product launched. AURI expects this product
to continue to have an immediate impact in the market place with
exciting new applications from this new oversize canvas wall decor
product that is transportable and also may be shipped efficiently.
Mr. Weinert stated that this is a game changer for customers
looking to purchase large art pieces to decorate an entire wall,
large over the sofa murals and many industry applications.
Recently the company announced:
The company has achieved tremendous milestones of development
and is poised to become a great Distribution Company. During the
past several quarters the company acquired a revenue producing
Phoenix Fulfilment Group LLC and achieved over 200% increase in
revenues! The financial forecast for 2015 is already looking a lot
better than 2014. The Management is composed of the most seasoned
and knowledgeable staff with a clear plan and superior positioning
compared to the competition.
FAMOUS QUOTES AND HISTORICAL TRENDS:
It's a Beautiful Thing. AURI inc., were as good as gold!
Stocks plunged during the recent recession, but the economic
downturn's impact on the art market was minimal. At the height of
the recession in 2008, the art market fell a slight 4.5%, according
to the Mei/Moses All Art Index, which tracks the long-term
performance of fine art. This isn't the first time the art market
fared well in a poor economic climate - it also out-performed the
stock market during the 2001 recession.
So far, art market has enjoyed seven years of price
appreciation. According to Bloomberg, the average compound annual
return has been 33% since 2004. The high historical performance has
attracted the attention of hedge fund managers, endowments and
foundations, and ultra-high-net-worth individuals.
Read more: http://www.investopedia.com/financial-edge/0310/fine-art-funds-a-beautiful-investment.aspx#ixzz3bPOFjGPb
Follow us: @Investopedia on Twitter
ABOUT AURI:
AURI Inc.Were as good as gold!
The Company was formed by a group of investors whose talents and
interests were based in Production, Content Development,
Audio/Visual Presentations, Intellectual Properties Development and
acquisitions, as well as oil and gas and real-estate investments.
The management is based around seasoned corporate officers,
directors and consultants who are experienced in management and
mergers/acquisitions of multimillion dollar companies. The companys
plan and concept was developed and based around a plan of acquiring
and developing High End Art and Reproductions, focusing AURI INC to
become a Publisher and Licensor. Then, retaining the duplication
and reproduction rights, on an exclusive basis, in order to sell
and distribute the products worldwide. The company and management
believe that they can create, sustain and grow one of the largest
art publishing companies in the world.
ABOUT Phoenix Fulfillment Group LLC.
Phoenix Fulfillment Group LLC is a marketing, sales and
distribution company focused on delivering consumer products to
retailers and distributors in various market sectors in North
America. Phoenix Fulfillment Group LLC has well established
manufacturing relationships with factories in China and Southeast
Asia where products are produced and shipped to its customers.
Phoenix provides design direction and logistics support to the
factories as well to insure a high level of customer satisfaction
from its customers. The company has decades of experience in
trading with China and other Asian countries and also decades of
experience in building relationships with retail partners.
Phoenix Fulfillment Group LLC markets art and other wall dcor
products to major retail customers throughout North America.
Phoenix Fulfillment Group sells and distributes to leading home
dcor retailers such as Kirklands, Home Goods, AC Moore, Dollar
General and many other major retail customers across various market
sectors.
Safe Harbor Statement:
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934. Certain
statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance or achievements,
and may contain the words "estimate", "project", "intend",
"forecast", "anticipate", "plan", "planning", "expect", "believe",
"will likely", "should", "could", "would", "may" or words or
expressions of similar meaning. Such statements are not guarantees
of future performance and are subject to risks and uncertainties
that could cause the company's actual results and financial position to differ materially
from those included within the forward-looking statements.
Forward-looking statements involve risks and uncertainties,
including those relating to the Company's ability to grow its
business. Actual results may differ materially from the results
predicted and reported results should not be considered as an
indication of future performance. The potential risks and
uncertainties include, among others, the Company's limited
operating history, the limited financial resources, and domestic or
global economic conditions --
activities of competitors and the presence of new or additional
competition and conditions of equity markets.
CONTACT: Auri.Arts@gmail.com 844-287-4278 (844) AURI-ART
