WINNIPEG, MANITOBA--(Marketwire -08/02/12)- Auctions International Inc. ("Auctions") (AUCI) would like to announce that the Company has entered into formal discussions with a Western Canadian Recycling firm regarding a potential merger/acquisition. The target company is a specialist in recovering ferrous and non-ferrous metals and would benefit from Auctions' experience in establishing markets in the Eastern Pacific Rim region, specifically China.
Auctions already has established Corporate relationships in China, Hong Kong, and other Pacific Rim Countries. Post acquisition, the target company will be able to benefit from those existing contacts and our already established markets in the far east. Selling prepared recyclable material into these countries will allow Auctions to establish an "Intra-Corporate Balance of Trade" which will benefit shareholders with increased revenues and lower operating costs.
The intention is that the acquisition will be made through a combination of Share Exchange and Cash, said cash to be generated by the target company over a period of five years.
Due diligence investigation of the target company will begin immediately and Jean-Eric Plamandon will immediately take an active role in the management of the target.
About Auctions International
Auctions International Inc. (AUCI) is a Nevada Based company with a proven track record in management of real time over the net auctions of various commodities as well as the acquisition and enhancement of existing companies with good cashflow. AUCI spent 3 years looking for a revenue generating vehicle that would supplement its current business model. The company recently acquired Amero International through deferred Stock Swap and intends to grow through the further acquisition of revenue generating companies that could benefit from the efficiencies that Auctions can bring to the table.