Aurora Acquisition Corp (AURC)

[wjw2sq]

still waiting for this to happen.

SOURCE: Aurus Corporation


Oct 11, 2006 12:17 ETAurus Yields Immediate Returns From the Krong Acquisition and Projects Revenues to Reach USD $700 Million Annually Within Three Years
NEW YORK, NY -- (MARKET WIRE) -- October 11, 2006 -- Aurus Corporation (PINKSHEETS: AURC) announced today that the acquisition of Krong Ltd enables the Company to yield immediate results and benefits from both the reserves as well as further synergies in terms of production, process and technologies. ''The process and technologies acquired with the Krong reserves will enable our company to maximize the production and immediately increase revenues and profits," said Gerald Parkin, president of Aurus Corporation.

The Company reports that it expects annual revenues of USD 300 million from its three properties by end of fiscal 2007 and when consolidated with the companies other reserves annual revenues are estimated to reach $700 million by fiscal 2009. In addition, the low production costs in the federation of Russia permits profit margins which exceed the world standard, whereby the company estimates earnings per share to reach $2.00 by the same period.