DALLAS, Nov. 29, 2011 /PRNewswire/ -- BUYER GROUP
INTERNATIONAL, INC. (BYRG.PK) - following arrangements to place
capital agrees to assign $500,000 of
the participation interest pro rata to active shareholders of
record. Buyer Group anticipates exchanging or buying back 500
million float shares for the interest. So for every 1,000
shares held by an active shareholder of record one share of the
preferred class share backed by the participation interest will be
exchanged. That represents a $.001 per share dividend for each share tendered
for the pro rata participation interest. The original date was
November 11, 2011 but has been moved
to November 25th, 2011 as that is the
earliest Broadridge could process the list of shareholders.
Further, Buyer Group will increase this amount to $600,000, a 20% increase, a six for five (6 for
5), to those shareholders of record consisting of the same
preferred class shares of BYRG.PK. Essentially, for every
$1 preferred share of BYRG.PK
shareholders own they will receive a full $1.20 in participation interest in the very near
future, date of distribution to be released.
For participation partners, an additional $1 million will be assigned of Gryphon
Productions Ltd. in the near future in exchange for cash, cash
equivalents and liquid stock. The first assignments are to close
within a few weeks and an increase of $150,000 cash investments to Buyer Group is
expected. 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.
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:
Buyer Group International, Inc.
info@buyergroupint.com
214-810-1317
SOURCE Buyer Group International, Inc.
