Buyer Group International, Inc. (BYRG.PK) Investments Up, Positive 19.5% on Growth, 20% Participation Increase Coming Up
DALLAS, Dec. 19, 2011 /PRNewswire/ -- BUYER GROUP INTERNATIONAL, INC. (BYRG.PK)– advises it has made available its 3rd quarter updated information available online at http://www.otcmarkets.com/stock/BYRG/financials reflecting yearly investments which rose to $135,334 in the 3rd quarter generating $26,400 cash representing a 19.5% return on operating assets and for the third quarter, showing higher than expected results in a sluggish economy.
After the 4th quarter closes, the $500,000 participation interest in "Blood Will Tell" will be bumped to $600,000, a 20% increase for shareholders who currently own and purchase additional shares of Buyer Group International, Inc. This will give shareholders some additional time to purchase more shares to increase their pro rata interest from the cash to be generated by that film sometime early next year. The deadline for shareholders to buy new shares to get the increase is expected to be January 5th, 2011.
The CEO of Buyer Group International, Inc. was quoted as saying, "The third quarter was very slow yet we were able to squeeze out a profit from our investments made in the beginning of the year and this I find extremely positive given we've just started selling this product and the current economy is horrible. The 4th quarter should result in investment gains due to the participation interest we signed up from Gryphon Productions Ltd. on "Blood Will Tell" and this will increase from $500,000 to $600,000 in preferred stock to those loyal shareholders. When the projects with placements totaling $13.5 million start generating cash expected early next year we will be rewarding our shareholders of record with returns that grow by leaps and bounds. So we're tuning up our capital structure of outstanding shares to give investors a better expected return due to less dilution of the common stock. Shares exchanged to the company from shareholders of record will be seeing huge dividends as a result of holding their shares in the company. Day traders may make lunch, but they won't be eating at the table next year when results start to pour in. We wish our long term shareholders a Happy Holidays and all the best for the New Year."
Upon feedback from shareholders the board decided to lower the authorized shares since large outstanding amounts are not needed at this time. Filings to be filed with secretary of state within 10 business days according to the following table as reported on OTC Markets.
Shares Outstanding |
2,826,072,901 |
a/o Dec 15, 2011 |
Float |
1,137,921,754 |
a/o Dec 15, 2011 |
Authorized Shares |
3,000,000,000 |
a/o Dec 15, 2011 |
These numbers are expected to lower significantly in the near future as stock exchanges and buybacks continue.
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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