Auri, Inc., (AURI) Announces Agreement to Acquire Phoenix Fulfillment Group LLC, and an Addition of a New President
12 August 2014 - 4:07PM
eTeligis
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.
ABOUT AURI:
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.
CONTACT:
Auri, Inc.
844-287-4278
(844) AURI-ART
Auri.Arts@gmail.com
SOURCE: Auri ,
Inc.
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