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DALLAS, Mar 16, 2005 (BUSINESS WIRE) -- Auction Mills Incorporated (Pink Sheets:AUML) today announced that it has implemented a plan to cut costs by consolidating its business operations while it evaluates the viability of its current business model, the e-Bay drop-off market, and its franchise operations.
As part of the cost-cutting and consolidation plan, the Company will close its McKinney, Texas retail location and will put on hold its franchising efforts. The Company will continue to operate its Dallas retail location.
The implementation of this plan will enable the Company to conserve its remaining cash resources while it completes its evaluation of future operating prospects. Unless the Company generates additional cash flow from its operations or is able to raise additional capital, its ability to continue as a going concern may be jeopardized.
might be a sucker play
Earth_Shaker
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Must be Manipulation by a GROUP. PR is not a GOOD ENOUGH reason for the SPIKE. THE BIG BOYS are A PLAYIN this one. I was in the last RUN. It was fun BUT then it drops OFF.
WinsumLosesum
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Auction Mills, Inc. Clarifies Previous Press Release on Cancellation of 218 Million Shares Outstanding Business Wire - June 17, 2005 08:05
DALLAS, Jun 17, 2005 (BUSINESS WIRE) -- Auction Mills Incorporated (Pink Sheets: AUML) would like to clarify the press release from June 16, 2005. The company stated their plan to cancel 218 million shares outstanding, thus creating more value for current and future investors. The shares that are slated to be cancelled are currently owned by company insiders and not by the current shareholders. "We received a great amount of e-mails as well as phone calls regarding this matter and apologize for any confusion," said Jason Brola, Founder of Auction Mills, Inc.
The company's executives are very excited about the response they received after unveiling the new direction of Auction Mills, Inc. The company will continue to use eBay services for the next 4 - 6 weeks to liquidate overstock, dead stock, and customer returns for retailers and product manufacturers across the U.S. Once the new website is unveiled with similar features to that of Liquidation.com, Auction Mills will utilize its very own auction tools to not only liquidate bulk merchandise, but to also spread brand awareness.
Auction Mills is encouraging all types of businesses across the U.S. to contact them for their liquidation services. Requests for liquidation services should be sent via e-mail to jason.brola@auctionmills.com.
WinsumLosesum
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Yesterday's PR:
Auction Mills Incorporated Unveils New Direction
By BusinessWire Last Update: 6/16/2005 8:05:01 AM Data provided by
DALLAS, Jun 16, 2005 (BUSINESS WIRE) -- Auction Mills Incorporated (Pink Sheets:AUML) today announced the company's plan to move forward in a new direction. Auction Mills Inc. plans to abandon the public drop-off side of the business model and extend all of its efforts towards a B2B and commercial approach. The company's executives plan on building a business model that is very similar to that of Liquidation.com. Auction Mills will not only liquidate overstock, dead stock, and store returns but will actually purchase bulk lots of high-value merchandise from large retailers and product manufacturers across the U.S. and resell the merchandise for larger profits.
The company is currently in the process of updating the website with auction features of its own. "Once we implement the auction features to our website, we will have a choice to either use eBay and PayPal and pay the fees associated with those services or we will be able to use our own auction tools and save the company money," said Jason Brola, Founder of Auction Mills, Inc.
In further efforts to create value for current and future investors, Auction Mills has plans to cancel 218 million shares outstanding bringing the total outstanding to approximately 107,075,000.
Auction Mills is encouraging all types of businesses across the U.S. to contact them for their liquidation services. Requests for liquidation services should be sent via email to jason.brola@auctionmills.com
pensandoenti67
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too bad.
bigwormcb
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how far is this thing gonna run
bigwormcb
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No end in sight, catch it while you can
AshyToClassy
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OH MY GOD, it's up 650% in 1 week. From .02 to .15 and still rising.
What's going on? why's it moving like this? Is it safe to go in?
Magic
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Sweet B'Jesus!!!!!! Again??? If memory serves me right. Last year this same stock ran up from 10 cents to 5 dollars in one month and I didn't get in because I was reluctant to play the pinksheets. Boy was I an idiot.
10,000 shares for at 10 cents woulda gave me a cool $50000 in one month. I hit myself for days on that one.
But whatever, I'm in this year at 14 cents. Looking to get out at one dollar.
johnnydollar
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What? .10 to $5???? No way... Thats like a mini Taser International. I'll watch it for another day and decide if I wanna jump in. Don't know enough about it. But man, if it's running like that I'm real tempted to put in a few bucks today with scottrade.
bigwormcb
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got in a .02
johnnydollar
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You rich son of a gun!!!!! You got in at .02??
Oh man. God bless you. Smile to the bank friend.
Cause something's telling me that it's gonna go way past a buck like last year.
bigwormcb
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one it dropped from .06 to .02 and closed at .03 and i bought on the dip didnt know anything about the company and have been holding ever, one day it just starting running and hasnt quit, I noticed that the 52 week high is like 1.70 something
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