Auctions International CEO Comments on Market Activity of Its Stock

. December 11, 2007 – Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, issued a statement from President and CEO Doug Mann regarding today’s volume and price change in its common stock. “No material changes in the Company or management would warrant an increase in trading volume or the sudden drop in share price that occurred today.”
Mann explains, “The selling pressure may have been caused by a confusion between our Company and, with whom we have no affiliation. Coincidentally, is also in the auctions business and trades on the pink sheets under the stock symbol AUCC, just one letter off from ours. indicated it would effect a 1-for-1000 reverse split on, and that this split would be effective tomorrow. We want to clarify we are unrelated companies to those who may have mistaken us for this company.”
“Management would like to ensure shareholders that Auctions International Inc. is moving in a very positive direction. With our technology model, AUCI lets people sell, buy and advertise in real-time to close transactions quickly to take advantage of economic conditions, particularly the strong Canadian dollar which is opening up new business opportunities in the U.S. Auctions International has completed extensive dealer testing of AutoBidLive and is now ready to take every dealer in North America live on the system. 2007 marked our entry into the commercialization phase of our technology platform, and management is very optimistic that 2008 will be a tremendous year of growth and increased shareholder value.”
About Auctions International Inc.
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real-time, move inventory, and search and buy vehicles specific to consumers’ needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. For more information, visit and
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Category: Auction News

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