AURUS CORP (U-AURC) - News Release
Aurus Corp Is Back in Good Standing
2007-08-02 10:43 ET - News Release
NEW YORK, NY -- (MARKET WIRE) -- 08/02/07
AURUS Corp (PINKSHEETS: AURC), a junior mining company specializing in gold extraction, has announced today that it has made a final settlement with the Franchise Tax section of the Delaware Department of State with immediate effect to clear all overdue Franchises Taxes.
The agreement reached with the Delaware Department of State gives permission to Aurus Corp to process the Renewal and Revival of its Corporate Charter. Effective, July 31st, 2007, Aurus has proceeded to the Renewal and Revival of its Corporate Charter with immediate effect to cancel the 'void' status pending against Aurus and bring back the Corporation in good standing with the State of Delaware.
AURUS management is highly committed to raise the level of compliance and good corporate governance to ensure that the Corporation is well managed. AURUS is committed to work towards creating sustainable growth for its shareholders. Our efforts to bring AURUS back in good standing is a tangible proof that we are engaged in protecting shareholders interests said Fedor Dovgan, chief executive officer of AURUS Corp.
AURUS CORP (www.auruscorp.com)
AURUS CORP is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pink sheets market. AURUS seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging countries and operates its mines through joint ventures and/or partnerships.
Forward-Looking Statements
Few statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on current estimates and projections about AURUS CORPORATION's business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategies, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.
Contact:
Jeremy Krause
Managing Director
Business Development Consultants LLC
1-858-384-0294
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