$AUCI
Auctions International Inc. Implements Bright Pearl Software
WINNIPEG, MANITOBA, Apr 19, 2012 (MARKETWIRE via COMTEX) -- Auctions International Inc. ("Auctions") ("the Company") (PINKSHEETS: AUCI) announced today that it is completing the implementation of the Bright Pearl Software platform this week. Bright Pearl is a fully integrated Net-based platform that will allow seamless purchasing and inventory control at Wholesale, Retail, and E-Bay Points. Jean-Eric Plamandon of Amero International, a wholly owned subsidiary of AUCI is quoted as saying, "Bright Pearl will save us thousands of dollars per month over the software package we have been using and give our customers a higher level of service because of better inventory control, faster shipping times and seamless delivery of product. We are in exactly the style of business the software was designed for so it is an excellent fit."
About Auctions International Inc.
On January 15, 2011, Auctions entered into a share exchange agreement to acquire 100% of the issued and outstanding shares of Amero International, Inc. ("Amero"), a private Manitoba based corporation. The agreement obligates both companies to complete the share exchange transaction, subject to certain conditions, including execution of the agreement by the Amero shareholders, with the result being that Amero will become a wholly owned subsidiary of Auctions.
About Amero International Inc.
Amero International Inc. is a closely held private corporation duly registered in the province of Manitoba, Canada and Amero International is in the process of merging with Auctions International. Amero International Inc. has several divisions and product lines. This diverse company is involved in the manufacture, wholesale distribution, and both wholesale and retail sales via the Internet, of products ranging from outdoor recreational products to fine detail collectibles including precious metal mint items.
Amero International has current annual revenues of approximately $1.5 million with net revenues of over $600,000 and has a well planned and aggressive growth strategy. Amero International is the sole owner of CMC Mint with manufacturing facilities in China, warehousing in China, the USA and Canada. Company President Jean-Eric Plamandon 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).
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.
