DALLAS, Dec. 19, 2011 /PRNewswire/ -- BUYER GROUP
INTERNATIONAL, INC. (BYRG.PK)– advises it has made available its
3rd quarter updated information available online at
http://www.otcmarkets.com/stock/BYRG/financials reflecting yearly
investments which rose to $135,334 in
the 3rd quarter generating $26,400
cash representing a 19.5% return on operating assets and for the
third quarter, showing higher than expected results in a sluggish
economy.
After the 4th quarter closes, the $500,000 participation interest in "Blood Will
Tell" will be bumped to $600,000, a
20% increase for shareholders who currently own and purchase
additional shares of Buyer Group International, Inc. This
will give shareholders some additional time to purchase more shares
to increase their pro rata interest from the cash to be generated
by that film sometime early next year. The deadline for
shareholders to buy new shares to get the increase is expected to
be January 5th, 2011.
The CEO of Buyer Group International, Inc. was quoted as saying,
"The third quarter was very slow yet we were able to squeeze out a
profit from our investments made in the beginning of the year and
this I find extremely positive given we've just started selling
this product and the current economy is horrible. The 4th
quarter should result in investment gains due to the participation
interest we signed up from Gryphon Productions Ltd. on "Blood Will
Tell" and this will increase from $500,000 to $600,000 in preferred stock to those loyal
shareholders. When the projects with placements totaling
$13.5 million start generating cash
expected early next year we will be rewarding our shareholders of
record with returns that grow by leaps and bounds. So we're
tuning up our capital structure of outstanding shares to give
investors a better expected return due to less dilution of the
common stock. Shares exchanged to the company from
shareholders of record will be seeing huge dividends as a result of
holding their shares in the company. Day traders may make
lunch, but they won't be eating at the table next year when results
start to pour in. We wish our long term shareholders a Happy
Holidays and all the best for the New Year."
Upon feedback from shareholders the board decided to lower the
authorized shares since large outstanding amounts are not needed at
this time. Filings to be filed with secretary of state within 10
business days according to the following table as reported on OTC
Markets.
Shares
Outstanding
|
2,826,072,901
|
a/o Dec
15, 2011
|
Float
|
1,137,921,754
|
a/o Dec
15, 2011
|
Authorized
Shares
|
3,000,000,000
|
a/o Dec
15, 2011
|
These numbers are expected to lower significantly in the near
future as stock exchanges and buybacks continue.
Buyer Group International, Inc. (BYRG.PK) in connection with its
capital fund partners will expect to grow its operating holdings in
the entertainment industry to a total of $100 million within 5 years. By managing
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.
Company Contact:
David Bryant
214-810-1317
info@buyergroupint.com
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.
SOURCE Buyer Group International, Inc.