Rangemore announces first quarter revenue

Rangemore announces first quarter revenue


MIAMI BEACH, FL, April 29, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (formerly Auctions
International Inc.)(OTCPINK:RANF) would like to announce that Rangemore is reporting gross revenue of just
over $90,000USD for the first quarter ending March 31, 2013 and is on
target to meet the projected base annual earnings for the year ended
December 31, 2013.  The revenue being generated is from the studio
operations which are the finite portion of the Rangemore business
model.  The studio operations are very simple - you have studio space
and you rent it.  Each location will have a maximum amount of revenue
it can generate based on square footage and you grow by acquiring
additional space.  The current studio facility is generating revenue at
approximately 70% of maximum capacity and management is actively
looking for additional space to acquire either under lease or to
purchase.



"The annual gross revenue from our studio operation for the first year
is anticipated to be $500,000 and we are on target with this
projection" stated Andrew McLaughlin, President & CEO of Rangemore.
"The current studio operations are operating at approximately 70%
capacity and it is time we begun to look for additional space to grow
this side of our business" continued Mr. McLaughlin.



In addition to the studio operations, Rangemore is currently in
negotiations for royalties in two independent film projects.  The
royalty side of the business is where the large returns are going to
be.  Low budget pictures produced by independent production companies
in the past have been able to routinely generate revenues in excess of
$2 million. Looking at the top low budget independently produced
pictures, the average 10-year gross was in the neighborhood of $9
million while the top 8 grossed more than $30 million and the number 1
picture earned just over $120 million. The lowest picture in the sample
earned approximately $2 million. Occasionally, feature films produced
for less than $50,000 will gross hundreds of thousands or even break
the multi-million dollar mark.



"The royalty side of our business is where we are going to get our
exponential growth" continued Mr. McLaughlin.  "The studio operations
are predictable and measurable while the royalty side is where the
excitement is - the 'Blue Sky'.  Our end goal is to build a large
portfolio of royalties in independent films while maintaining to grow
our studio operations" concluded Mr. McLaughlin.


About Rangemore Film Productions Corp. (Formerly Auctions International
Inc.)

Rangemore Film Productions Corp. (formerly Auctions International Inc.)
is a publicly traded company who operates a film studio on the Isle of
Man known as Island Studios.  Island Studios is a complete film
production facility located two miles outside the town of Ramsey and is
approximately 7 acres in size and houses a film studio, sound studio,
make-up studio, dressing rooms, canteen and dormitory, administration
offices, and storage facility.  Along with the studio operations,
Rangemore will be actively investing in and producing independent film
productions.



Rangemore Film Productions Corp. is a Development Stage Company, as
defined by Financial Accounting Standards Board ("FASB") Accounting
Standards Codification ("ASC") 915, Development Stage Entities, and has
not yet generated significant revenues from their intended business
activities.


For more information on Rangemore please call 305-851-2469.

On the web go to www.rangemorefilmproductions.com.

Forward Looking Statements

Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Actual
results may differ materially from those described in forward-looking
statements and are subject to risks and uncertainties. See Rangemore
Film Productions Corp.'s filings with OTCMarkets which may identify
specific factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.


SOURCE Rangemore Film Productions Corp.

Rangemore Film Productions Corp.

CONTACT: For more information on Rangemore please call 305-851-2469.


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