AURI Auri Inc New (PK)

DALLAS, TX, United States, via ETELIGIS INC., 10/10/2014 - - Auri, Inc. (OTC Pink: AURI) (PINKSHEETS: AURI) (the "Company"), and its subsidiary, Phoenix Fulfillment Group LLC, announce the new expansion to China. Joint Venture Agreement Signed with PINGO, Shunde, China

The President of Auri Inc., Scott N. Weinert, returned from an extended trip to China at the end of September, having signed a joint venture agreement with Mr. Jon Liang, President & CEO of PINGO. This joint venture will combine the expertise of both Auri and PINGO to fulfill the mission of "providing home decorating products and services to satisfy 'life style' dreams of the aspiring Chinese individual and family". PINGO is quickly capturing a major share of the market in which they now operate, with the 'buildout' services and technology for converting raw apartment and condominium space into a livable home. They are growing at a rate of 100% per year with projected revenue this year of $250,000,000RMB. PINGO currently has 50 design stores and additional after market service centers. They plan to expand the number of stores at a rate two to three design stores per month for the next nine months. To support this growth and sustain the integrity of this brand, a PINGO vocational school has been built in Shunde, China which will provide training for the design store consultants who service the customers and sell their products and services. Furthermore, the school will train the installers and technical staff. The reputation of PINGO and the strength of the brand has attracted the attention of independent designers in their markets. PINGO boasts that at present they have 1000 designers recommending and selling their products and services. With this opportunity, AURI will introduce home decor products, including home furnishings, wall art and other home decor and accessories, to the PINGO network of home decoration centers, interior designers and individual customers. AURI will have the exclusive relationship with PINGO to operate Pingo Home Centers offering complete packages of home decor products. Together PINGO and AURI will capitalize and operate these stores on a 50/50 basis. A flagship PINGO Home Decor Expo Center will be opened during the first half of 2015. The demand for Western home decor designs and products is very strong among the 25 to 40 year old age group. Vendors are lining up to participate in this opportunity AURI executives will be attending the High Point Furniture Market, in High Point North Carolina to discuss specific product needs by category with industry leaders. In addition, the various art acquisitions which AURI has made will be a key component to drive sales and revenue from the assets and publishing rights owned by the company.

The expressed goal of PINGO and AURI is to develop over the next 10 years, 2000 home decoration design centers in China and additional 400 PINGO Home Decor Expo Centers. AURI will also build with PINGO four to six high end fine art and furniture galleries, offering exclusive home decor products. These locations will include fine art AURI GALLERIES offering collector art pieces, both originals and fine art limited editions. The super wealthy in China are looking for the very best in designer goods, and home furnishings is a key market sector which is currently underserved in China particularly in cities that are way form the major centers of Beijing, Shanghai and Shenzhen/Hong Kong.

PINGO has a proven track record over the past three years with their platform showing steady growth and profit. The Liang family has a history of success inside of China having built the Huarun paint & coatings (Huarun Paints Holding Co.) and the Huarun brand to become the leading paint supplier in China. Huarun Paint was acquired in 2006 by Valspar. AURI is privileged to establish this strategic relationship with PINGO. Mr. Weinert has known Jon Liang for over 10 years having traded in wall decor items with the subsidiary company Huarun Decor. The combined expertise and experience of these two executives, Mr. Liang and Mr. Weinert, will provide the PINGO/AURI joint venture with the knowledge and direction to fulfill the huge markets opening up in China. Currently there is an estimated 800 million apartments in need of home decoration services and home decor products. Mr. Weinert stated, "we have a proven track record in meeting the needs of the Chinese customer in decorating their homes. We will now add to this success the best of western designed home decor products, including the wealth of art products which AURI has acquired. We are just meeting the strong demand in this category." Mr. Weinert will return to China in November to discuss specifics on the design and implementation of the first PINGO Home Decor Expo Centers and AURI GALLERY concept store.

ABOUT AURI:

AURI Inc."We're 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 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 was developed and based around a plan of acquiring and developing "High End Art and Reproductions", focusing AURI INC to become a Publisher and Licensor. 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.

ABOUT Phoe nix Fulfillment Group LLC.

Phoenix Fulfillment Group LLC is a marketing, sales and distribution company focused on delivering consumer products to retailers and distributors in various market sectors in North America. Phoenix Fulfillment Group LLC has well established manufacturing relationships with factories in China and Southeast Asia where products are produced and shipped to its customers. Phoenix provides design direction and logistics support to the factories as well to insure a high level of customer satisfaction from its customers. The company has decades of experience in trading with China and other Asian countries and also decades of experience in building relationships with retail partners.

Phoenix Fulfillment Group LLC markets art and other wall dcor products to major retail customers throughout North America. Phoenix Fulfillment Group sells and distributes to leading home dcor retailers such as Kirkland's, Home Goods, AC Moore, Dollar General and many other major retail customers across various market sectors.

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.

CONTACT:

Auri, Inc.

Auri.Arts@gmail.com

844-287-4278 (844) AURI-ART

SOURCE: Auri , Inc.

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28110 - Link to submission on http://www.eteligis.com

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