DALLAS, TX / ACCESSWIRE / August 19, 2015 / Auri, Inc. (PINKSHEETS: AURI) (the Company), the company and its affiliate shareholders agreed to retire 500,000,000 shares. The certificates are being sent to the home office for the purposes of having the Transfer Agent retire them.
Currently, since these shares have been held for over 12 months, they are eligible to become free trading shares. In order to achieve a more manageable OS and the float, the company and its insiders agreed to retire these shares. Although, these shares were already under a multiyear lock up agreement, we felt that is would create a much better shareholder value and a greater vote of confidence among our shareholders if the OS was drastically decreased. Stated Mr.Tassan, CFO AURI INC.
The company recently signed a share lock up agreements with its officers, directors and insiders for the purpose of managing the OS and add to the shareholders value. The companys attorney is preparing the filings and assisting the management with the transition to a fully reporting SEC filer. The company is interviewing several PCAOB auditors as well.
The company will continue with updates and progress reports for the up listing and new business developments.
Recently the company announced:
AURI successfully launched the sale of its 3D Paper Tolle Framed Art on Evine Live and Amazon. These pilot programs established market interest and will lead to expanded events and market coverage. Scott Tasson, CFO, stated: "These market events have confirmed that our product resonates well with the American customer."In further news, the Pingo home decorating venture in China has reported a new store count of 150 units and on pace to establish 200 stores by the end of the third quarter. In addition, a successful 'on line' portal has been launched with brisk sales results for home decorating products. Tassan has reported that: "Pingo presents a unique opportunity to integrate a fast growing China home decorating company with growing market share and strong revenue growth with AURI as a public company with access to the USA financial markets."
Last year, in 2014, Pingo stores generated approximately $800,000 USD per store in gross revenue. We were at 60 stores and with this store count we achieved approximately $288,000,000 RMB in total sales. By years end the store count will more than triple to 200 stores. Annual sales are expected to reach over $500,000,000 RMB. With the successful formula of branding, training of store staff through Pingos own training institutes, and the insatiable home decoration market for new home owners in China, Pingo is poised to double in size again by the end of 2016. Audited financials are being prepared to provide details on the performance of Pingo. Scott Tasson, the CFO of Auri stated: The financial indicators are that we project to be at $1 billion RMB in revenue by the end of 2016. AURI will be instrumental in providing the capital to fund the fast growth of Pingo in the China market."
The live on television product sales can be seen at: http://www.evine.com/search/?q=thomas+kinkade&icid=InternalSearch_AutoSearch_thomas+kinkade.
The company continues to expand its market share and add new distribution outlets to its roster.
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.
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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
SOURCE: Auri, Inc.