Buyer Group International, Inc. (BYRG.PK) Investments Increase, Revenues Climb 30%, Profits Soar 550% - Acquisitions in the Works
DALLAS, Jan. 4, 2012 /PRNewswire/ -- BUYER GROUP INTERNATIONAL, INC. (BYRG.PK) – will soon announce that 4th quarter revenues climbed to $34,354 as project investment rose to $144,788 representing a 24% turn on operating assets with profits showing higher than expected results in a sluggish Christmas economy. After expenses, profits ended out at $7,234 for the quarter up 550% from last quarter.
Now, the 4th quarter has closed the $500,000 participation interest in from Gryphon Productions in "Blood Will Tell" will be bumped to $600,000, a 20% increase for shareholders who currently own and purchased additional shares of Buyer Group International Inc. date of record to be announced January 5th, 2012. See web site www.buyergroupint.com for details.
The CEO of Buyer Group International, Inc. was quoted as saying, "The fourth quarter economy remained weak but we were able to increase our profit from last quarter and on our investments made throughout the year. The 4th quarter gains should result in increased interest in our projects."
The CEO was further quoted as saying, "We are close to finalizing Letters of Intent to acquire options on property in Colorado approximating 60,000 oz. of Au proven reserves with an estimated potential as high as 500,000 oz. and other trace commercial elements in unexplored areas on the property. As well we are negotiating an options for 775,000 to 1.5 million oz. of high grade Ag in British Columbia, both past producers of commercial grade metals. Pre-development costs are expected run shallow since the areas are already scoped and prepared by major companies who in the past did not commercialize the reserves proven at the sites. And the upside is massive as our cut is no less than 50% of these potential gold and silver in the mines."
Bryant went on to say, "Recently, Buyer Group filed with the state to reduce the authorized shares back to book value of 1.3 Billion shares, equating our authorized shares to the $1.3 Billion value of the current mineral holdings at $1 per share. We are waiting for them to finalize the paperwork at the agent. We are close to capping that number. Any shares we don't get back in buybacks we may ask to exchange from shareholders who will be interested in seeing huge dividends as a result of holding long term shares in the company which will include dividends from gold and silver reserves we anticipate acquiring and rolling into the company. A Very Happy New Year to everyone involved."
Buyer Group International, Inc. (BYRG.PK) in connection with its capital fund partners will expect to grow its operating holdings in the entertainment industry to a total of $100 million within 5 years. By managing and high net worth assets Buyer Group International, Inc. continues to grow its capital base while generating capital returns to investors exceeding traditional funds.
Information may be found at www.buyergroupint.com as it is released to the public.
Company Contact:
David Bryant
214-810-1317
[email protected]
News for BYRG is located at http://www.buyergroupint.com/news.html
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A & 27E of the Securities Act of 1933, 1934. Statements herein that are not historical facts are deemed forward-looking statements based upon management's current expectations. Investors are cautioned that forward-looking statements are inherently uncertain and subject to risks and uncertainties that could cause actual results to differ materially from those set forth and management undertakes no obligation to update or revise such statements. Actual performance results may differ materially from those suggested herein due to uncertainties including, without limitation, ability to obtain financing, regulatory and shareholder approval, and the ability to attract or retain key management personnel.
SOURCE Buyer Group International, Inc.
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