Exit Only, Inc. (PINKSHEETS: EXTO) today announced that it has acquired Bayport Corporation, a Nevada corporation. With this acquisition, Bayport Corporation has obtained the controlling interest in the company. James L. Porter will serve as the President while Louis Porter will serve as the CEO of the surviving company. The new name of the company will be filed with FINRA to be changed to Bayport Corporation along with requesting a new stock symbol. Bayport has hired legal counsel for organizing financial data to immediately prepare for becoming current within the OTC market exchange.
Bayport Corporation has several subsidiaries and affiliates in gold mining as well as Rare Earths, precious minerals and metals. These interests are in Nevada, Utah, Colorado, and Wyoming. Its wholly-owned subsidiary, Cosmic American Rare Earth, Inc. (CARE), has secured a $50,000,000 Rare Earth IPO with Aegis Capital Corporation. Details will be announced in the future.
Non-dilutive financing has been secured. Equipment has already been mobilized and put in place beginning its placer gold mining operations on July 10, 2011 of which all required state permits and approvals have previously been in place with the U.S. Department of the Interior Bureau of Land Management (BLM). These interests are also in Nevada, Utah, Colorado and Wyoming. When mining operations have been up and running for a while, the company would like to invite shareholders out to an open house to give all investors a chance to see the company's operations and to meet management.
In addition to mining, Bayport has many interests in Seafood with their Lobster Pounds in Maine, plus their shrimp and lobster sales outlet in Las Vegas, Nevada. Bayport has other specialty sea foods from Louisiana, Alaska and Ecuador. Information about these interests along with Bayport's mining historical and progress reports will be published on the company's website to include the company's organizational chart to reflect the variety of assets owned by Bayport Corporation. The company's website is currently under construction and will be available in the near future to keep shareholders updated.
Bayport Corporation and Shats International Holdings, Inc. have both mutually agreed to cancel previous transactions that originated with Shats international Holdings, Inc. and other companies to allow for Bayport Corporation to focus on its primary mining operations and seafood sales. More announcements will be released to further explain Bayport Corporation's interest in three newly acquired gold mines and other advancements from their assets.
About Aegis Capital Corporation
Aegis Capital has been in business for the past 26 years and maintains a conflict free service platform catering to the needs of private clients, institutions and corporations. Aegis Capital Corporation was founded in 1984 by the current CEO and Chairman. Aegis origins were based on servicing the specific needs of an extremely affluent customer base. Today, we have become a premiere full-service investment banking firm with twelve locations and employees stretching from Florida to Rochester, NY. We have clients in all 50 states and overseas. Aegis has been able to bring quality service through its clearing relationships of Penson and JP Morgan.
About Bayport Corporation
Bayport Corporation is a 100% debt-free company formed to exploit the various precious minerals in the U.S. and Canada and to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport Corporation is a multi-faceted holding company active in strategic metals and precious minerals, energy production, wholesale seafood sales, natural foods processing, health and beauty products, digital media services and network marketing. The company is primarily focused on precious metals, rare earth, and other critical strategic metals. Bayport Corporation is developing mining properties with economic potential and the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located in the prolific western USA in Nevada, Utah, Colorado, and Wyoming.
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives of Exit Only, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, SIH's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
For any questions, contact:
President James L. Porter
CEO Louis Porter