Bayport International Holdings, Inc. Issues Revenue Earnings Report & Shareholder Update
October 21 2013 - 11:21PM
OTC Markets
Bayport
International Holdings, Inc. Issues Revenue Earnings Report &
Shareholder Update
Tulsa, OK, October 22, 2013
Bayport International Holdings, Inc. PINKSHEETS:
BAYP. We pleased to announce the
revenues generated from our Oil and Natural Gas
Interest. 2013 began
with a new business model, focused in the Oil & Natural Gas
industry. So far we
have achieved a 100 percentage purchase to revenue asset
valuation.
We are aggressively moving forward with
new and ongoing operations in Oil Gas exploration and development,
such as the Letter of Intent we announced last week to purchase 15%
WI and 11.25% NRI in the Scott Lease located in Venango County,
Pennsylvania, wells 1, 2, 3, 4 and 5.
In the last 45 days we have received
Revenue payments totaling:
Pennsylvania wells: $5225.00 (Stefflebeam wells 1-4
5% WI and 3.75% NRI)
Texas and Mississippi wells: $740 (Does not include Gaines
County Interest)
Our total: $5965.00
We feel this revenue is a major step in
the right direction for the company. As we increase our portfolio of
Revenue Interests, we feel that we will see exponential
growth. Shareholders
or not, may get a copy of the bank check stubs from the Steffelbeam
Interest upon request from our investor relation
dept.
We would like to also update our
shareholders on the progress of the Audit and Form 10
completion. In the
last several weeks we have been working towards SEC Fully Reporting
Status and OTC:QB up listing. It is our understanding
that the process is going well, and we expect to achieve Fully
Reporting Status before the end of the 4th quarter.
We have supplied our attorney with
business plan, Industry Standard Asset Questionnaire, Articles of
Incorporation, Bylaws, Meeting Notes and Amendments. Our auditor has received 3 years
bank statements, digital financial documentation, permission forms
to speak to all associated banks, transfer agent and other
financial institutions, mining bonds, asset valuations, and a
series of receipts and invoices for cash payment
support. As they
request additional documentation we will promptly provide the
requested information.
About Bayport International Holdings,
Inc.:
Bayport International Holdings, Inc. is a
company formed to exploit the various precious minerals in the U.S.
to acquaint the public with practical investment opportunities in
strategic metals and minerals. Bayport International Holdings, Inc.
is primarily focused on precious metals, rare earth, and oil and
gas ventures. Bayport International Holdings, Inc. is developing
mining and oil and gas properties with economic potential with the
aim of bringing such properties to commercial production. The
company's portfolio of properties is primarily located in the USA
in Utah, Texas and Pennsylvania.
www.BayportInternational.com
Cautionary Note Regarding
Forward-Looking Statements
This press release and the statements of
representatives of Bayport International Holdings, 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, Bayport'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.
Investor Relations
Contact:
Briggs Smith
813-438-5225
info@olibrigroup.com
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