Rangemore to focus on growing Asian film industry
Rangemore to focus on growing Asian film industry
MIAMI BEACH, FL, April 23, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (formerly Auctions
International Inc.)(OTCPINK:AUCI) today announces the management of Rangemore has identified the Asian
film industry as being poised for exponential growth and as a result
will be committing a significant portion of their marketing budget to
this emerging market.
China is now number two after the U.S. in box office revenues and
generated approximately $2.7 billion in 2012, a 30.2% increase over
2011. With an average of 9 new screens opening every day, China's
film-exhibition business is growing at a rate that is unparalleled in
the history of the movie industry. Since 2002, when there were fewer
than 1,300 theaters in China, the industry has grown tenfold. Even
with 13,000 theaters, 1 for every 220,000 people, China's film industry
remains relatively unsaturated. In the United States, there is 1
screen for every 9,000 people. At this rate, China could top the U.S.
film market by 2020.
"Lost in Thailand", a Chinese comedy, was released on December 12, 2012
and has already grossed more than US$200 million at the Asian box
offices. It is on the path to be one of the highest grossing films
ever released. This is another indication of the strength of the Asian
film industry. The management of Rangemore wants to capitalize on this
growth and realizes that to get a foot hold in the Asian markets you
have to develop relationships with key individuals who hold influence.
In February of this year, Andrew McLaughlin, CEO of Rangemore attended
a high profile Chinese cultural event at the Kennedy Centre in
Washington, DC. During the post performance reception, Mr. McLaughlin
took the opportunity to network with some of these key individuals and
a number of opportunities were discussed including a potential joint
venture between Rangemore and the producers of the event.
"I can't emphasize how important developing personal relationships will
be in growing our business in Asia and attending this cultural
performance was a chance to get face-to-face with some of the key
players within the Chinese film industry" commented Mr. McLaughlin "A
large part of our marketing efforts will be focused in Asia and by
attending events like these, we will be able to meet these influential
individuals and establish relationships which will be key to our
success. As a result of our representation at this event, a number of
opportunities presented themselves and one in particular looks very
promising" continued Mr. McLaughlin.
Drawing on this success, Rangemore is planning on having representation
at the following events:
-- June 15-23: Shanghai Film Festival (Shanghai, China)
-- October 7-10: Busan Asian Film Market (Busan, South Korea)
-- October 11-21: Hawaii International Film Festival/EuroCinema
Hawaii
-- October 22-24: TIFFON (Tokyo, Japan)
-- December 10-12: CineAsia (Hong Kong, China)
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.
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 Auctions
International Inc'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.On the web go to www.rangemorefilmproductions.com.
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