Rangemore identifies acquistions for studio property portfolio

Rangemore identifies acquistions for studio property portfolio


MIAMI BEACH, FL, June 18, 2013 /PRNewswire/ - Rangemore Film Productions Corp. ("Rangemore") (OTCPINK: RANF) announces the initial results of the previously announced studio
expansion plan.



The expansion plan calls for management to identify suitable properties
to service four key markets:



-- Asia
-- South Africa
-- Europe
-- North America


Target properties must meet minimum criteria:



-- Low cost per square foot
-- Easy conversion into usable studio space
-- Established local infrastructure
-- Limited or non-existent competition
-- Government incentives


After an extensive search, Rangemore has identified suitable properties
in the following locations:






Asia

Yangon, Myanmar (Burma)

Excellent positioning for Asian film market. Myanmar was known
as "Asian Hollywood" until the mid 1960's and has a very rich
history of film making. The Myanmar government is keen to
reestablish its film industry and increase its appeal as an
international filming location. With global film industries
hungry for new and exotic places to showcase to their audiences,
Myanmar is starting to attract attention on a global scale and as
a result its movie industry is experiencing a rebirth with 20th
Century Fox leading the way by releasing its first film in
Myanmar since 1962. The management of Rangemore recognizes that
the Myanmar film industry is poised to take off and offers a
unique opportunity to get positioned in the Asian film market a
very reasonable cost. It has identified a number of properties
that meet the minimum criteria and is in the process of
completing due diligence.

Saipan, Commonwealth of the Northern Mariana Islands (CNMI)

Another excellent location to service the growing Asian film
industry. CNMI is part of the Common Wealth of the United States
which adds a level of political stability and because of its
favorable climate and close proximity to Asia; the CNMI has the
potential to become a prime destination for the production of
movies, television shows, commercials, and music videos. Recent
film shootings on the island include the Japanese and Chinese
versions of "Survivor" and a music video by South Korean girl
band "Secret". The Northern Marianas College in the CNMI operates
supportive and postproduction programs including facilities for
the film industry and the CNMI government is also very
progressive offering with incentive plans and partnership
arrangements. Rangemore is has identified one specific property
that meets requirements on the island.

South Africa

I Santa Maria, Sal Island, Cape Verde - Burgeoning film industry.
Just in its infancy but growing rapidly. Cabo Verde
International Film Festival is now in its fourth year and gaining
international recognition. Again, another opportunity to get in
on the ground floor with little up front capital. Cape Verde is
attempting to become part of the European Union which will add
stability and growth. Rangemore has identified one property that
has met the minimum criteria.






The identified acquisitions will be either purchased outright utilizing
a debt structure or leased on a short or long term basis.  Andrew
McLaughlin, Rangemore's CEO, is currently heading up the expansion
project utilizing his contacts from years in the property development
industry.



"There are a number of real prospects for the expansion of our studio
operations" stated Andrew McLaughlin, CEO of Rangemore.  "We know there
is huge growth projected for the Asia film industry and we want to be
well positioned to take full advantage.  By acquiring properties in
Myanman, Saipan or both we will be able to participate in this
phenomenal growth at a fraction of the cost of studio facilities in
more traditional locations.  We are very excited about the
opportunities we have uncovered and are aggressively moving forward to
develop each of these situations" continued Mr. McLaughlin.


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

Rangemore Film Productions Corp. is a publicly traded company who in the
business of operating film studios and co-producing independent film
productions.



Rangemore is currently in the process of identifying and acquiring
studio suitable properties in four key markets: Asia; South Africa;
Europe and North America.  Potential acquisition sites will have to
meet certain criteria including: a low cost per square foot; easy
conversion into usable studio space; established local infrastructure;
establish local film industry; limited or non-existent competition;
available government tax incentives and mortgage financeable.  The
identified acquisitions will be either purchased outright utilizing
debt funding and tax credit incentive programs or leased on a long term
basis.



Along with the studio operations, Rangemore will be actively investing
in and co-producing independent film productions.  Currently Rangemore
has a preliminary agreement to participate in the royalties of an
independent film production being developed in the United Kingdom.  The
agreed upon terms will allow Rangemore to purchase interest in the film
royalties in exchange preferred shares for up to a maximum of 10% of
the total royalties.  The final terms and a definitive agreement are in
the process of being prepared.



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 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.On the web go to www.rangemorefilmproductions.com.


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