EQS-News: Auri Inc. Share Buyback Program

AURI defines new share reductions, share buyback and retirement program   

 

DALLAS, TX -

(NewMediaWire) - May 28, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is sharing the detailed buyback, share reductions and share retirement program.

 

The company established a percentage-based program for acquiring shares in the market. The first 3 billion AS have already been cancelled. The new Transfer Agent, Legacy, will also retire another 1 billion from recent common shares that EQ TA, and then Signature TA were assigned to complete. The DTCC finally cleared Legacy as the new TA. The share retirement formula is structured based on the percentage of sales. Regardless of the PPS, the share acquisition will continue as long as 10% of gross revenues are used as purchasing budget. The company will have an agent as well as a BD as an acquisition representative. 

 

In addition, the company is spinning off several of its wholly owned subsidiaries and will use the proceeds for additional funding buyback. This includes the sale of several art assets. 

 

“The whole concept of reducing the outstanding and authorized shares is to encourage the market to recognize the supply and demand as well as taking advantage of the most recent PPS. We are not using any investment based, share sales or any other structured financing. We devised a program where the company will automatically use 10% of its products sales to acquire shares from the markets, regardless of current or future PPS. Today, we are picking up shares due to a very low PPS. The great news is that we paid for all the products developments and www.thechamp.io launch, so the company owes no debt, and now is creating revenues with product sales. The undervalued PPS allows for the company to reduce the float at a very aggressive price,” stated Edward Vakser. 

The company recently disclosed: 

“We are experiencing a very positive response to our product line, ‘Knockout’, featuring the champ Riddick Bowe, at www.thechamp.io. The product is getting traction due to its formula that features four (4) incredible ingredients combined to create a very powerful formula. The Knockout line features CBD, Delta 9, and Lion’s Mane Smart Shrooms combined with a patented S.E.N.D.S emulsion technology that enhances flavor, absorption, potency, and longer lasting experience,” explains Edward Vakser.

Riddick Bowe management and marketing teams are linking all their social media and contacts to Auri Inc., portals and marketing teams, www.thechamp.io and wholesale processing www.knockoutshops.com. The overall following presents a very healthy audience with approximately 400,000 to a million followers and viewers.

 

About Riddick Bowe

“THE CHAMP”, Riddick Bowe, world greatest boxing champion with the undisputed 4 major boxing championship belts. The Champ, Riddick Bowe started his career with a Super Heavyweight medal win in 1988 Summer Olympics and finishing his stellar “Knockout” career with a total of 45 fights, 43 wins, AND an impressive 33 wins by KO (Knockout) with only 1 loss. The “Knockout” products launch features the Knockout #Pain, #CBDcream, #Gummies, followed by Knockout punch and a full line on non-alcohol drinks, with #CBD, #Delta-9, #THC and #lionsmane smart #shrooms’, that completes the full “pain and sleep management products offerings” while giving the consumers a long lasting and enjoyable experience.

 

AURI Inc. is 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. Recently, the company used its intellectual properties and contacts to launch a celebrities endorsed full line of #CBD, #Delta-9, #THC gummies, drinks, and nutritional products under  www.thechamp.io.

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.

 

Press Contact info:

Ev24903@gmail.com auriincpr@gmail.com

+1 214-418-6940

Twitter: @AURI_OTC

LinkedIn: https://www.linkedin.com/company/auri-inc/

Token Website: www.auritoken.io

Facebook: https://www.facebook.com/profile.php?id=100057444009513 

TikTok: https://www.tiktok.com/@auri_otc?_t=8deaRcgzNs6&_r=1 

Twitter: https://twitter.com/AURI_OTC

www.thechamp.io

https://salavi.com/en-US/regist?iv=SA3QEQG8.

And Apple product users, and others: https://www.salavi.com/en-US/download

News Source: Auri Inc.