Dallas, TX -- August 19th, 2015 -- InvestorsHub NewsWire --
Auri, Inc. (OTCPK:
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
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