Bayport International Holdings, Inc. Issues Revenue Earnings Report & Shareholder Update
October 22 2013 - 7:34AM
Marketwired
Bayport International Holdings, Inc. Issues Revenue Earnings Report
& Shareholder Update
TULSA, OK--(Marketwired - Oct 22, 2013) - Bayport International
Holdings, Inc. (OTC Pink: BAYP). We are 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 a business plan, Industry
Standard Asset Questionnaire, Articles of Incorporation, Bylaws,
Meeting Notes and Amendments. Our auditor has received 3 years
of 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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