Buyer Group Finalizes Lucrative Acquisition and Increases Net Revenues
29 Mai 2008 - 9:36PM
Business Wire
Buyer Group International, Inc. (Pink Sheets:BYRG) is pleased to
announce, through its subsidiary BGI Group LC, the acquisition of
85% interest in MD Caperton Dirt & Paving LLC, an excavation
and paving company located outside of Amarillo, TX. This
acquisition brings additional positive equity to the balance sheet
of Buyer Group International, Inc. With annual revenues exceeding
$400,000 and gross margins over 60%, the profitability of the
acquisition gives Buyer Group International, Inc. a solid,
in-the-black entry into the excavation and engineering business,
paving the way to business expansion in the real estate development
and construction arena. The acquisition includes a management
contract for personnel of the former family-operated business which
brings 70 years experience spanning three generations. With paving
equipment, asphalt loaders, lay-down machines, trucks, and
trailers, the total asset base of the company will add additional
equity to the balance sheet of Buyer Group International, Inc. In
addition, current contracts in force put the company on revenue
targets of over $300,000 by summer's end. Furthermore, the company
operates a freight brokerage business under a Brokerage Motor
Carrier Number granting the company the ability to book its own
trucking and freight services for aggregate and material haulers
that operate across the state. Buyer Group International, Inc. has
committed to residential property investment for the average
investor. Through strategic partnerships we aim to assist property
owners and developers in the turbulent markets by utilizing
time-tested techniques to acquire and hold real estate, bring our
clients ease of ownership, as well as some of the best wealth
building strategies available. With operations in Texas, New York,
and Florida the company offers investors with an international
range the prospects of residential property development in the US.
By co-venturing with partners in Dubai and the Caribbean, we offer
the institutional investor the opportunity to invest in business
and real estate that adds value. Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995 Statements
contained in this document that are not historical fact are
forward-looking statements based upon management's current
expectations that are subject to risks and uncertainties that could
cause actual results to differ materially from those set forth in
or implied by forward-looking statements. The company is not
required to update its forward-looking statements.
Buyer (PK) (USOTC:BYRG)
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