Auri Inc. - Major Acquisition Announcement

Rhea-AI Summary

Auri Inc. announces progress in acquisition negotiations and CEO's visit to Florida. The company aims to vertically integrate and uplist to NASDAQ. Recent distribution deals expected to generate revenues of over $100,000 per month. Share structure changes include retirement of 600 million shares and dividend update. Ex-dividend date set for October 2, 2023.

Positive

• Auri Inc. making progress in acquisition negotiations and CEO's visit to Florida
• Opportunity to own a manufacturing and fulfillment facility with healthy revenues
• Auri Inc. aims to vertically integrate and uplist to NASDAQ
• Recent distribution deals expected to generate revenues of over $100,000 per month

Negative

• Share structure changes involve retirement of 600 million shares
• Lost certificate process delays access to over 1.2 billion shares

DALLAS, TX / ACCESSWIRE / August 17, 2023 / Auri Inc. (OTC PINK:AURI) ("AURI") (the "Company") is proud to announce today the following updates for its shareholders.

The company's negotiations with an acquisition prospect progressed to a positive point that warrants the Auri team to visit the location in Florida and meet the owners. The CEO will fly to Florida on August 18^th for a location inspection and, pending the business review, sign at least a binding LOI.

"Our SEC attorneys are in Florida, so that makes our visit very convenient for the purpose of communications and negotiations. Florida's economy is terrific, and the business climate is very friendly to corporations. As Josh Lowe and RJR bring products and distribution to Auri Inc, and our current CBD and Delta 9 line of products, the opportunity to also own a manufacturing and fulfillment facility that also generated very healthy revenues for the past several years, is very exciting! Auri Inc., current path of acquisitions and "roll up" agenda fits perfectly with the company's plan to "vertically integrate" all our companies and strategic vendors for a combined "market cap" of over 200 million and add similar revenue goals and projections. The end result, is an up list to NASDAQ!" Explained Mr. Vakser/CEO.

During the trip, the company will be posting several media posts on our social media showing the facility and doing a walk through and showing pictures. We are very excited for the next step of this process.

As an added note: The company entered in negotiations with a group that successfully moved and up listed several OTC Markets "Microcap companies" to the NASDAQ for assistance in up listing AURI Inc. Their impressive track record shows how a holding company such as Auri Inc., can set up an intelligent pathway, and actually "get there".

Recently, AURI the company announced the following update to new product launch and pending dividend.

The CEO Edward Vakser goes on to state "Recently our team returned from the "Food + Beverage Cannabis Expo" in Las Vegas. Josh was able to sign several distribution deals for our brands. We are expecting revenues in excess of $100,000 per month, with a very optimistic growth potential, as well as we signed several other distribution deals for both our brand and other brands that contain our CBD and Delta 9 THC components. Our recent distribution roll-out was launched here in Texas several weeks ago, for our exclusive brands for the Texas area. The rest of the states will be handled by several other distributors, with East, Central and West territories. The company will also produce "private label products" for clients that may want their own brand."

"One of many key ingredients is our ‘Powered by fast-acting SENDS Technology', that contributes to fast and full absorption of the product, therefore making an experience more powerful and enjoyable." Explained our chief designer for the formula.

Recent Share Structure changes

Recently the company has filed a share retirement with the Wyoming secretary of state for a 3 billion share reduction from the Authorized common shares. The company will complete the aforementioned Authorized common share reduction down to 3 billion after the close of the Reg A, which will take place post reduction of the anticipated 1.9 billion shares reduction from the Outstanding shares. The company wants to emphasize that this order was decided so that the company can decrease the outstanding shares below 3 billion. Currently the company has retired at least 600 million shares from the Outstanding because those shares were in book entry. The next 1.3 billion are in certificate form and the CEO Edward Vakser has bought back these certificates for the betterment of the company and its shareholders which he is in the process of retiring.

Dividend Update: www.auritoken.io

Recently, the company announced a dividend of the AURI Token 1 for every 200 shares owned. The company is planning on updating the dividend formula so that shareholders get a better ratio. We plan on announcing that this week.

Dividend Information

The company recently posted a ruling given to OTC markets by FINRA regarding trading rights to OTCMarkets for digital currencies.

The company will have an ex-dividend date of October 02, 2023.

Share Retirement update

The company has been in correspondence with the Transfer Agent with regard to several certs that the company is in the middle of going through a "lost Certificate" process before they can be returned to treasury. The certificates amount to over 1.2 billion shares. The transfer agent policy states the company must pay several percents of the cash value. Therefore, as of this current time, we want to indicate that currently the company, nor the 3rd party shareholders can have access to any part of those shares as they are deemed lost. Furthermore, as soon as the company completes payment of said "lost Certificates" we have requested the shares be returned to the treasury.

About Auri Inc.

AURI Inc. 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 company launched its own Crypto Currency, www.Auritoken.io, and has licensed its Art Inventory at nft/blackdracos.com. 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 were developed and based around a plan of acquiring and developing High End Art and Reproductions, backed by AURI Gold Crypto Currency, focusing AURI INC to become a Publisher and Licensor as well as NFT developer. 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. AURI Inc., also owns a "wholly owned subsidiary": EVAP Inc. Evap Inc. has patent pending technology to assist with one of the biggest issues in the oil and gas industry, "PRODUCED WATER". The technology can take produced saltwater and turn it into a steam cleaner than most cities tap water by removing most of the metals and suspended solids.

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.

Press Contact info:

Mark2media Group
auriincpr@gmail.com
(302) 261-9663

Twitter: @AURI_OTC Link: https://twitter.com/AURI_OTC
LinkedIn: https://www.linkedin.com/company/auri-inc/
TikTok: https://www.tiktok.com/@auri_otc?_t=8deaRcgzNs6&_r=1
Facebook: https://www.facebook.com/profile.php?id=100057444009513

Subsidiary Websites

www.evapinc.com
www.aquavertical.com

SOURCE: Auri, Inc.
via PRISM Mediawire, LLC

View source version on accesswire.com:
https://www.accesswire.com/774771/Auri-Inc-Major-Acquisition-Announcement

FAQ

What updates did Auri Inc. announce?

Auri Inc. announced progress in acquisition negotiations and the CEO's visit to Florida.

What is Auri Inc.'s plan regarding vertical integration?

Auri Inc. plans to vertically integrate all their companies and strategic vendors for a combined 'market cap' of over 200 million and add similar revenue goals and projections.

What is the expected revenue from recent distribution deals?

The company expects revenues in excess of $100,000 per month from recent distribution deals.

What changes have been made to Auri Inc.'s share structure?

Auri Inc. has retired 600 million shares and plans to reduce the authorized common shares to 3 billion. They are also in the process of retiring 1.9 billion outstanding shares.

What is the dividend update from Auri Inc.?

Auri Inc. announced a dividend of the AURI Token at a ratio of 1 for every 200 shares owned. The company plans to update the dividend formula to provide a better ratio.

When is the ex-dividend date?

The ex-dividend date is set for October 2, 2023.

What is causing delays in accessing shares?

The company is going through a 'lost certificate' process for over 1.2 billion shares, which is causing delays in accessing them.