DALLAS, Sept. 20, 2011 /PRNewswire/ -- Buyer Group
International, Inc., (Pink Sheets: BYRG) September 19, 2011 following placement of
$127,500 in Class C Shares to limited
partners receives Confidential Term Sheet committing to purchase
interest for $13,500,000 cash to
finalize preproduction of Blood Will Tell, a major motion picture
for worldwide theatrical release. Funds will be invested in
the film, a $15 million budgeted
production, yet, BYRG will reserve some funds for share buybacks.
Interest in the film is backed by worldwide receipts from
theatrical, DVD and Blu-ray rentals and sales.
Successful closing of all current commitments will produce a
total of approximately $13,625,000
minus cost of closing expected at 7%. In addition to the
share buybacks, BYRG expects to offer a dividend to shareholders of
10-20% in the near future, record date to be announced soon based
upon upcoming projects. Information may be found at
www.buyergroupint.com as it is released to the public.
New Capital Project: Coming online this quarter is a joint
venture in British Columbia on a
past producing placer claim of Zinc, Tungsten, Gold, Silver, Lead,
Copper, and other precious metals with market values in the hundred
millions and formerly explored by Newmont Exploration Company of
Canada. BYRG has signed an
LOI for 97% of the interest in the property expected to go into
production by Spring 2012 with 10-20% interest being allocated for
BYRG shareholders of record.
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.
Media Contact:
David Bryant
214-810-1317
info@buyergroupint.com
SOURCE Buyer Group International, Inc.
