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Aureus Inc. Updates Financials Recognizing Yuengling's Acquisition and Discusses Corporate Progress

Tuesday, 28 April 2020 09:00 AM

Aureus Incorporated

ATLANTA, GA / ACCESSWIRE / April 28, 2020 / Aureus, Inc. (OTC PINK:ARSN) ("Aureus" or the "Company") (www.AureusNOW.com) an emerging leader in the food brand development industry which owns the Yuengling's Ice Cream brand ("Yuengling's Ice Cream" or "Yuengling's") (www.yuenglingsicecream.com) including all intellectual property and its distribution at select retail locations announced today that it will no longer need it's Regulation A as a source of funding for company operations.

"After much delay, we are finished with the preparation of our K. This period was fairly complex, in that, it was the first period we were able to recognize the Yuengling's acquisition. This complexity protracted the preparation of the financial statements when we were nearly finished Covid-19 hit. Our service providers were forced to make provisions to work from home. Everyone has adapted, we will have the next Q complete by the end of the week. This enables us to continue with the process of completing the Audits and bringing the company back to fully reporting status " Stated Everett Dickson CEO, Aureus.

About Aureus, Inc. The company's focus is on acquiring specific assets in and related to the food industry. Aureus owns the assets and trademarks of the Yuengling's Ice Cream brand, and the exclusive right to market and sell the products of the brand. The goal of Aureus in the operation to consolidate all factors that are positive for the Yuengling brand into a synergistic success for Aureus shareholders as well as the next generation of Yuengling consumers.

About Yuengling's Ice Cream

Developed by American businessman Frank D. Yuengling, as a dairy business to help support the Yuengling family brewery during the 1920s Prohibition period, Yuengling's Ice Cream has a strong tradition of making exceptional gourmet ice cream products in central Pennsylvania. The fan-favorite brand continues advancing its legacy and its renowned dairy quality, by using locally sourced dairy ingredients that contain no added hormones. Yuengling's Ice Cream is a super-premium ice cream, which means it has a butterfat content of 14% or greater. In addition to having high butterfat, Yuengling's also has a low overrun (or a lower amount of air). This makes the ice cream less whipped and much denser. Yuengling's also is constantly working to keep its product as "clean" as possible, by using as few ingredients as necessary, and those that are used are of very high quality. The brands Yuengling's is most similar to are Häagen-Dazs and Ben & Jerry's.

David Yuengling and Rob Bohorad revived the brand in 2014, and an American classic was re-born. In 2018, positioned for the brand's next stage of development, Yuengling's Ice Cream forged a partnership with YIC - Online Distributors, to distribute the iconic ice cream brand online, now via Aureus. Today, Yuengling's Ice Cream is delivered directly to the doorsteps of its consumers across the nation.

The Yuengling's Ice Cream Corporation, as it has been since 1935, is a separately owned and run company from D. G. Yuengling and Sons, Inc Brewery.

Safe Harbor Statement

This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of US Highland, Inc and members of its management as well as the assumptions on which such statements are based.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For More Information

Contact & Media Inquiries:
[email protected]
404.885.6045
www.AureusNow.com
Twitter: www.twitter.com/AureusNow

SOURCE: Aureus Incorporated

Topic:
Company Update
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