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Auri, Inc., (AURI) Announces Agreement to Acquire Phoenix Fulfillment Group LLC, and an Addition of a New President(August 12, 2014)
DALLAS, TX(ETELIGIS INC.)
DALLAS, TX, United States, via ETELIGIS INC., 08/12/2014 - - Auri, Inc. (OTC Pink: AURI) (PINKSHEETS: AURI) (the "Company"), AURI INC announces the acquisition of Phoenix Fulfillment Group LLC for stock and other considerations. Phoenix Fulfillment Group LLC, owned and operated by Scott N. Weinert, will continue as a wholly owned subsidiary of AURI. Also, as part of the acquisition, AURI will control 100% of the shares of the associated Hong Kong company, Phoenix Fulfillment Group Limited.
AURI also announces that Scott N. Weinert has been named as the President of AURI Inc., Mr. Weinert will continue to manage both of these subsidiaries in his capacity as the President of AURI Inc.
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 Kirkland's, Home Goods, AC Moore, Dollar General and many other major retail customers across various market sectors. With top line sales of over $20,000,000 annually, Phoenix Fulfillment Group LLC brings well-established channels of distribution to AURI. Also associated with Phoenix Fulfillment Group are several off-shore factories where product is produced and shipped to its customers. Mr. Weinert has sourced product in Asia over the past 30 years and has developed relationships with the most reliable factories in the industry. He brings a wealth of experience in sourcing and sales to AURI Inc.
Phoenix Fulfillment Group LLC is also in the warehouse and distribution business with a facility in Dallas, which serves the furniture industry with 'just-in-time' delivery of canvas art and mirrors. With $330,000 in on hand inventory, Phoenix is able to serve such customers as Century 21 and Ace Hardware and DD's with immediate deliveries on a 'store by store' basis. Mr. Weinert commented: "Our ability to provide immediate delivery to customers sets us apart from other suppliers who rely exclusively on full container deliveries. There are opportunities that arise from our ability to provide this service. We will continue to deliver a majority of our products container direct but having the added ability to provide back up inventory has proven to be an additional profit producer and marketing tool."
Phoenix Fulfillment Group LLC also sells to furniture industry retail leaders such as Coaster of America and Bob's Discount Furniture. Mr. Weinert remarked that "the key to our success is the development of proprietary product for each customer that is perfectly suited to meet their individual style and price point needs. In this way Phoenix Fulfillment Group is able to service the needs of a broad range of customers, holding distinctly different positions in the market place."
AURI Inc is in the process acquiring various art assets and trademarks. By adding Phoenix Fulfillment Group LLC as a wholly owned and operating subsidiary, AURI is positioned to manage the production and distribution of each art brand and product derivatives as they are acquired, with well established strategic relationships in Asia and North America. Mr. Weinert stated: "I am thrilled to be associated with this fast growing company, dedicated to the promotion of the arts, serving both individual consumers and serious collectors. Art is what brings individual expression and feeling to life; it brings meaning and beauty to our environment. I look forward to leading AURI to fulfill its mission in the art world of finding the best and the brightest talents of both ancient and modern history and developing products that will meet a full range of customers' needs --- from popular values to the most exclusive. This will be an exciting challenge and a rewarding work for which I have been uniquely prepared. I am excited to work with wonderful associates --- designers, factory resources and trading partners---all of whom are important to our success."
"Our Management team is excited to add a dynamic and seasoned executive such as Scott Weinert. Mr.Weinert has built and managed a company that is one of the leaders in sales and distribution for art and home decor market space. The fact that the company is already generating sales and revenues will help increase our shareholders value and add such powerful sales and distribution company to our portfolio." Confirmed Scott Tassan, CFO, AURI Inc.
Phoenix Fulfillment Group LLC will continue to operate from its existing offices centered in the heart of the Dallas fine art district, at 1717 McKinney Avenue.
AURI Inc."We're 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 company's 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.
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.
SOURCE: Auri , Inc.