More Info from Upcoming Press Release

ARUR can report arrangements have been made for the 100% acquisition of Innovative Weaponry Inc. (IWI). IWI holds 7 different patents for fixed and adjustable sights for various firearms. Plans are for the sights to be manufactured at a Brasilian facility for international export.

Additional Info from Upcoming Press Release

On this blog I have been posting news and pictures about ARUR President Fred Oden’s recent trip to Brasil and his meetings with ARUR affiliate Brasil Asset Management (see post July 16th). As you may have read, Brasil Asset Management’s plans for a corporate facility are awaiting final approval from the governing authority. We can now announce that Public Notification of approval of these plans is scheduled for the first week of August 2010. Upon approval, a tentative date will be set for ground-breaking ceremonies.

ARUR Preparing Financial Information for Audits

A new upcoming press release will discuss ARUR’s contracting of an accounting firm to prepare its financial records for the auditors. Our 10-Q’s and 10-K’s for the 2008 and 2009 Fiscal years are being reviewed as well as the 10-Q’s for 2010. We believe the process will take less than 60 days and our intent is to file all documents to be current with SEC filing requirements. We will continue to post our current financials on the website. Check under “Related News” on the right of the page for the current press release postings.

New Blog Picture

The new blog header picture is from one of the wells on the Ownbey lease recently put on line.

New Radio Interview

A new radio interview featuring ARUR President Fred Oden has been posted on the Princeton Research website. The show is dated July 15th. Here is the link: http://www.princetonresearch.com/radio.htm. Scroll down the page to the July 15th date.

More News From Brazil

On his recent trip to Brasil, ARUR President Fred Oden (left) met with Robert Guzman (center), President of Invy Energy Group and Felipe Park (right), President of Samsung Electro-Mechanics-Brasil. The initial meeting (arranged by Brasil Asset Management) discussed the locating of a manufacturing facility for Invy Energy in Goiania, Goias Brasil. Invy Energy markets and distributes a new power factoring unit which substantially increases the efficiency of the use of electric current. The increased efficiency from the unit will save energy by reducing electric power usage in both residential and commercial applications.

Article of Interest

Brazil Capital Market Activity Up 54.6% In 1st Half - Anbima


By Rogerio Jelmayer

Dow Jones Newswires

SAO PAULO -(Dow Jones)- Brazilian debt and share issuance rose 54.6% in the first half of 2010, as local companies returned to raise money in the capital market, the Brazilian Association of Financial and Capital Market Institutions, or Anbima, said Tuesday.

Total capital-market activity in the January-June period, including both share and debt offers, rose to 49.23 billion Brazilian reals ($28 billion), from BRL31.85 billion in the same period of 2009.

In the year-earlier period, Brazilian debt and stock issuance were affected by the global financial crisis, which restricted capital-market activity.

The volume of debt issues totaled BRL34.85 billion in the first half of 2010, while equity issues amounted to BRL14.38 billion.

In 2009, Brazilian debt and share issuance was BRL110.3 billion, up from BRL102.3 billion in 2008.

Copyright © 2009 Dow Jones Newswires

Future Home of Brasil Asset Management

Recently ARUR President Fred Oden (pictured on the right) accompanied Brasil Asset Management President James Rowton (left) to Anapolis, Goias, Brasil to visit the site of its future administrative and manufacturing facility. BAM received title to 21 hectares of commercial property located in the duty free zone, DAIA, of Anapolis Goias, Br. Plans for the new facility are being presented for final approval. BAM executives expect to begin construction on the new facility within the next twelve months.

July 16th Press Release

A new press release is out today. You can find the link on the right side of this page under Related News. The link takes you to the MarketWatch page where the release is posted.   

Press Release Correction

The press release dated July 1, 2010 (listed here under Related News) states “The operator expects the first wells on the Linn Lease to be completed and online the first week of July 2010”. The Linn Lease is incorrect; it should read the “Ownbey Lease”.