MIAMI BEACH, Dec. 18, 2012 /PRNewswire/ – Auctions International, Inc. (“Auctions”) (OTCPINK: AUCI) would like to announce to its shareholders that in anticipation of the
closing of the previously announced merger between Rangemore
Productions Corp. and Auctions, that the management has decided to
consolidate its business operations and to focus on the development of
its live auction television program and the day to day running of the
film studios know as “Island Studios”. Auctions will be winding down
its technology development operations and will be terminating its
relationship with Amero International (“Amero”).

The decision to terminate the relationship with Amero was not taken
lightly but it was felt that the Amero business model did not fit the
Auctions new business direction and that it would be best for all
parties involved to cancel the arrangement. In addition, the
management of Amero is having difficulties meeting the ongoing
financial reporting requirements set out by the regulators and Auctions
did not prepare consolidated financial statements as a result.

At this time Auctions would like to also announce that any other pending
mergers, joint ventures and acquisition that Auctions management were
contemplating have been cancelled. The soul focus of Auctions is now
the day-to-day running of Island Studios and the development on the
online auctions television program.

As previously announced, on October 12, 2012 Rangemore signed a Binding Letter of Intent to merge with Auctions International Inc. where at the closing
Rangemore and Auction will become one entity operating under the name
Rangemore Productions Corp. It is anticipated that the closing will
occur in January 2013.

About Rangemore Productions Corp.
Rangemore Productions Corp (“Rangemore”) is an independent film producer
that operates a film studio on the Isle of Man known as Island
Studios. Island Studios is a complete film production facility
providing producers and directors with a turnkey solution for their
creative needs. The studios have been operating since 2002 and generate
revenue up to $13,000 per week depending on the size and number of
projects utilizing the facilities. On October 12, 2012 Rangemore
signed a Binding Letter of Intent to merge with Auctions International Inc. where at the closing
Rangemore and Auction will become one entity under the name of
Rangemore Productions Corp.

For more information on Rangemore Productions Corp. please visit www.rangemoreproductions.com

Island Studios
Island Studios is located two miles outside the town of Ramsey on the
Isle of Man in a semi-rural area. The studio facilities consist of
28,885 sq ft of structures on approximately 7 acres. The buildings on
the site include:

		Film studio	Music studio
		Changing rooms	Make-up studio
		Canteen facilities	Dormitory
		Offices	Storage

For more information on Island Studios go to: www.rangemoreproductions.com/#!studiofacilities/c1h6a

Production History
Since opening in 2002 the following films have been shot at Island
Studios: 2002 Suzie Gold, 2003 Trauma & Piccadilly Jim, 2004 The
Libertine, 2005 Stormbreaker & Mistress of Spices, 2006 Mutant
Chronicles, 2008 Heartless, 2009 The Disappearance of Alice Creed, and
on December 11, 2012, Auctions and Rangemore announced that the filming
of “Dom Hemingway”, featuring Jude Law and Richard E. Grant and
directed by Richard Shepard, had been completed at Island Studios on
the Isle of Man. Rangemore will be getting production credits and a
royalty for the use of the studios.

Film Productions
Along with the studio operations, Rangemore will be producing their own
independent films. Each project will have its own corporate structure
and management team. Rangemore is actively pursuing a number of film
projects that they feel will provide shareholders with a better than
average rate of return. Rangemore will also be negotiating co-producer
agreements with outside productions coming into the Studios in exchange
for studio time (cost set-off against a contracted agreement for profit
share). This gives Rangemore the flexibility to participate in other
productions that they feel will become successful without having to
make cash investment.

For more information on the Film Projects go to: www.rangemoreproductions.com/#!filmproduction/cjsc

Financial Projections for Studio Operation (US Dollars)
The following is a brief proforma for the Island Studios operation.
These numbers do not include the projected results of the film
production operations and are prepared by management and have not been
audited, reviewed or otherwise verified by a qualified third party.
Readers are cautioned that these statements may not be appropriate for
their purposes.

Studio Operations	2013		2014		2015
Revenue	551,445		898,650		939,500
Operating Costs	271,795		356,630		375,800
Net	279,650		542,020		563,700

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 October 24, 2012,
Auctions announced that it had entered into a Binding Letter of Intent
to merge with Rangemore Productions Corp. For more information on
Rangemore Productions Corp. please see above.

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.

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.