AUCI - Update

(OTCPINK: AUCI) would like to update its shareholders and potential investors on corporate developments that have occurred over the last three months and respond to a number of shareholder inquiries that we have received recently.

The most important development is the ongoing merger with Rangemore Productions Corp. A number of shareholders have inquired as to why Auctions would merge with a movie production company. This was explained in the press release issued on November 20, 2012 (see below) but to summarize: Rangemore and Auctions are working together on a television program where viewers can bid on items being displayed. The program will be filmed in the studios operated by Rangemore and will utilize bidding software provided by Auctions. During the negotiations, the opportunity presented itself for Auctions to not only work with Rangemore but to merge. The management of Auctions reviewed the opportunity and felt it was in the best interest of the company and its shareholders to proceed with the merger.