Rangemore partner now approved to issue tax credits under HMRC Enterprise Investment Scheme

Rangemore partner now approved to issue tax credits under HMRC Enterprise Investment Scheme


MIAMI BEACH, FL, March 12, 2013 /PRNewswire/ - Auctions International Inc.
("Auctions") (OTCPINK: AUCI) announces that Rangemore Productions
Corp's. ("Rangemore") new joint venture partner Flick Me Productions
Limited ("Flick Me") has been approved by the Her Majesty's Revenue and
Customs (HMRC) to issue tax credits under the HMRC Enterprise
Investment Scheme.



This approval will allow Flick Me to issue a 30% tax credit for any cash
investment made into one its independent films for up to £16 million
annually and traditionally there is a very strong demand for these
types of investments.  Public companies cannot apply for this tax
credit scheme, so the intent is to raise funds for the film productions
under Flick Me using the Enterprise Investment Scheme and then allow
Rangemore to purchase royalties in each of the films by issuing
preferred stock to Flick Me once the initial funding has been
completed.



"Flick Me's ability to now issue tax credits is a huge plus for us"
stated Andrew McLaughlin, President & CEO of Rangemore Productions. 
"Flick Me will be able to raise up to £16 million per year without
having to rely on Rangemore issuing large blocks of stock at a very low
price to fund the film productions.  The combination of the tax credits
along with the preferred stock issuances for the royalties was the only
feasible solution we could see whereby Rangemore could participate in
the profit sharing of the Flick Me films without experiencing massive
dilution." finished Mr. McLaughlin.


About Auctions International Inc.


Auctions International Inc. is a publicly traded company whose core
business was the development and implementation of a proprietary
technology that enables virtual auctions for any type of product or
commodity over the internet. In addition to the development and launch
of its technology, the management of Auctions is dedicated to
identifying and acquiring undervalued opportunities that have
significant upside with the focus being to add to shareholder value. As
a result, on December 31, 2012, Auctions entered into a Merger
Agreement with Rangemore Productions Corp. For more information on
Rangemore Productions Corp. please see below or visit www.rangemoreproductions.com.



Auctions is a Development Stage Company, as defined by Financial
Accounting Standards Board ("FASB") Accounting Standards Codification
("ASC") 915, Development Stage Entities, and has not yet generated
significant revenues from their intended business activities.


About Rangemore Productions Corp.


Rangemore Productions Corp. ("Rangemore") is an independent film company
that operates a film studio on the Isle of Man known as Island Studios.
Island Studios is a complete film production facility located two miles
outside the town of Ramsey and is approximately 7 acres in size and
houses a film studio, sound studio, make-up studio, dressing rooms,
canteen and dormitory, administration offices, and storage facility.
The studios have been operating since 2002. Along with the studio
operations, Rangemore will be actively producing independent film
productions. Management of Rangemore is in the process of reviewing a
number of film projects and joint venture opportunities.


Forward-Looking Statements

Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See Auctions'
filings with OTCMarkets which may identify specific factors that may
cause actual results or events to differ materially from those
described in the forward-looking statements.

SOURCE Auctions International, Inc.

Auctions International, Inc.

CONTACT: For more information on Auctions or Rangemore please call Rangemore Productions Corp. at 305-851-2469 or visit www.rangemoreproductions.com.


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