Buyer Group International Releases Financial Data and Exceeds Expectations
09 Juillet 2008 - 1:30PM
Business Wire
Buyer Group International, Inc (BGI) (Pink Sheets: BYRG) announces
midyear earnings on a consolidated basis. Merger & Acquisition
of Buyer Group International subsidiary, MD Caperton Dirt &
Paving LLC posted as of 2007 fiscal year (starting in April) had
Earnings of $248,050 on Revenues of $468,010. Upon merger and
consolidation May 1st 2008, the new fiscal year for Buyer�s new
subsidiary �MD Caperton Dirt & Paving LLC,� an excavation and
paving company, realized for BGI before accounting adjustments for
fiscal differences quarterly earnings of $37,064 on revenues of
$44,600. BGI President David Bryant stated, �Most excavation
contracts will occur in the fall and winter giving us a boost to
wrap up fiscal year March 31, 2009. This will be adjusted to fill
in with the calendar fiscal year for Buyer Group International.�
Overall, Buyer Group International has accumulated earnings of
$60,089 on revenues $109,360 for the quarter starting April 1, 2008
and ending June 30, 2008, not reconciled for Fiscal Year
differences and adjusted for quarterly variations in revenue
recognition which may result in minor adjustments upwards or
downwards. BGI Strategic Growth The excavation business has added
equity of $228,631 including hard assets (trucks, equipment, tanks,
etc.) of $115,300. Buyer Group International, Inc. conducted three
land placements investments receiving $4,674,000 in 10-year 6%
preferred dividend subordinate debentures with a five year
deferment option. Buyer Group International, Inc. placed contingent
warrants at $.03 per share option for equivalent contribution on
the placement investments. The resulting 50% profit and equity
shares will generate tremendous growth for BGI over the next few
years. These acquisitions and placements of investments brings
BGI's total asset base to $5,205,656 and raises contingent
liabilities to $2,337,000 including contingencies for placement of
warrants against outstanding investments, putting us on track to
surpass our growth goal of $4,000,000 positive net equity for the
year. The funds raised with the placements will be utilized to
develop roads and excavate pad sites over 40 acres that will be
used as recreational spots for RV equipment and cabins totaling
more than 50 units plus additional development of over 120 units
for "pocket community" home sites or cottages. The growth corridor
anticipates population of the region to triple in size in the 4 to
5 years. The anticipated development value in today's dollars
reflects a future revenue value of $36,000,000 over the next five
years not including market appreciation or adjustments for
inflation. We anticipate margins of 30-35% given our integrated
strategy and vertical costs management. About: 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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