DALLAS, TX, United States, via eTeligis Inc., 07/01/2014 - - Auri, Inc. (OTC Pink: AURI) (PINKSHEETS: AURI) (the "Company"), announces the Company has agreed to purchase a sizable collection of Sky Jones original artwork from Global Universal Inc. Global is the holder of the largest collection of Sky Jones original art which includes the artist's rights for reproduction. This is a very unique opportunity. Global Universal Inc. has agreed to grant AURI the option of purchasing the original art and exclusive rights to create open end and limited edition reproductions of the original artwork. AURI has unique capabilities to manufacture and distribute selected Sky Jones art pieces making this famous artist's work accessible to world markets.
Sky Jones has been considered both obscure and controversial. He has been considered a national treasure, sometimes being called "the 'Picasso' of American artists." He was a prolific artist in his lifetime. During the time in his Dallas/Fort Worth studio he produced thousands of paintings. Sky Jones art has had a significant influence on Hollywood, Wall Street, and the American Culture. His works are part of museum collections and grace the walls of corporations, city halls, and private art collectors.
"We are very pleased to have this opportunity to acquire such a large collection of Sky Jones original art. This collection will be one of several acquisitions that will confirm our commitment to own important art, to manage the collections, and create affordable art reproductions that are representative of the quality and vision of the artist and of AURI. We look forward to bringing both the originals and reproductions to the market place," commented Todd Moore, Chairman of AURI.
The Company has arranged meetings in New York, Florida and LA, with several major hedge funds and their representatives. The Sky Jones collection is attracting a significant interest in the investment community for its previous value and fund raising track record. In the past, several funding groups have loaned $100,000,000.00 (100 Million), and $120,000,000.00 (120 million) for the collection on several different occasions. Recently, due to the fact that the artist "Sky Jones" died, the speculation and anticipation is that the value of the collection is significantly greater than the previous appraisals of over $250,000,000.00. The company intends to raise the funds by leveraging the art in order to fund the company's business plan, operations and several future acquisition that are already in the negotiation stages. The management feels that by leveraging the art rather than a traditional equity investment, the company can create a great shareholder value without dilution or pressure on the price per share.
About AURI INC:
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". 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 companies in the world.
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
SOURCE: Auri, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
AURI_7-1-2014_LST_ETL.docx
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