DALLAS, Nov. 17, 2011 /PRNewswire/ -- BUYER GROUP
INTERNATIONAL, INC. (BYRG.PK) - following agreement to place
capital to GRYPHON PRODUCTIONS LTD. garners optioning screenplays
of Sacrifice, the 3rd and final book in the trilogy Nicci Beauvoir
by Alexandrea Weis, following To
My Senses (ISBN-13: 978-1419661112), Recovery (ISBN-13:
978-1453875704), Sacrifice (9781937593162), and The Keepers
of the Dead and For You, from the NOLA series by Alexandrea Weis.
http://www.amazon.com/Alexandrea-Weis/e/B0028OJO6C/ref=ntt_dp_epwbk_0
Coming off recent capital placements Gryphon Productions Ltd.
has set the production budgets and established preproduction on the
following slate of theatrical film releases, BLOOD WILL TELL,
TREASURES IN HIDING, THE KEEPERS OF THE DEAD, and FOR YOU, at a
total of $54 million budget for
production, release dates to be announced by January 5th.
With preproduction established for the aforementioned certified
tax incentivized feature motion picture expenditures Gryphon's
participation interest generates $9.45
Million in cash incentives or 17.5% of the budgeted motion
picture expenditures.
Assignments of the participation interest will be made through
Buyer Group International, Inc. (BYRG.PK). Buyer Group plans
to invest $6-7 million with third
parties contributing film capital and investors who are in process
of closing or negotiating private placements and to also distribute
$500,000 of the advance participation
interest as a dividend in a special distribution to certain
shareholders of record. The shareholder distribution is based
upon the record date of November 11th,
2011 and will be distributed pro rata to those shareholders
who owned or purchased shares prior to that date in the form of one
(1) dollar preferred certificates
redeemable by the issuer in one year. A similar special
distribution will be planned for early next year to shareholders of
record at that time.
Buyer Group executives and employees have agreed to exchange an
additional 2.75 Billion shares sometime next month limiting the
float to somewhere around 500-600 million shares issued. A ratio of
500 million shares to five hundred thousand dollars is a price of
$.001 per share equivalent
distribution to existing market shareholders at which time those
shares will be exchanged for the distribution.
The CEO of Buyer Group International, Inc. was quoted as saying,
"As the entertainment business continues to defy the recession, we
continue to find ample opportunity to assist in the growth of a
true American industry that remains solid today. By focusing
on capital, the ability to generate almost nine and a half million
dollars in cash incentives prior to selling one theatre ticket
shows the 2004 Jobs Creation Act is a sound stroke of American
legislation. Buyer Group is committed to our loyal buy and hold
shareholders. By offering these loyal friends of the company a
piece of the pie we cut out the day traders and vultures looking
for a quick lunch and will continue to strengthen it in the
future."
Buyer Group International, Inc. (BYRG.PK) in connection with its
capital fund partners will expect to grow its holdings in the
motion picture industry to a total of $100
million in capital placed to the industry. By
achieving $54 million project
milestone the goal is more than half way there. By managing
precious metals, wealth stabilization 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.
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.
Contact:
David Bryant
info@buyergroupint.com
214-810-1317
SOURCE Buyer Group International, Inc.
