DALLAS, Jan. 26, 2012 /PRNewswire/ -- BUYER GROUP
INTERNATIONAL INC. (BYRG.PK) – Buyer Group International Inc.
announces it has completed phase one of its recapitalization plan
with the reduction in authorized common shares from 50 billion to
1.3 billion, a reduction of over 97 percent. THE COMPANY also
includes a preferred share structure of 300 million authorized.
CEO David Bryant announced in
late 2011 the intention to reduce the share structure of BYRG.PK
significantly and position projects for increasing shareholder
value going into 2012. With phase one complete, BYRG.PK is better
positioned to identify the next authorized share reduction and to
realize higher value for long term investors and shareholders
alike. In 2011, the Board of Directors of BYRG.PK authorized the
exchange or buy back of a total of 2.75 billion shares. The
completion of phase one marks a
significant step towards this goal.
Incorporated and in good standing with the State of Wyoming, BYRG is positioning itself
for growth in 2012 by increasing its holdings in the entertainment
industry and by expanding projects in Colorado and British
Columbia. David Bryant states
"2012 is the year for us. Our long term investors know what we have
been working on in Colorado and
British Columbia for a while
now. I think they'll be pretty excited in the next couple
weeks or months. I'm also very happy about the progress we are
making towards getting this feature motion picture together. We
have the money and the talent on the table to get it made, we just
want to make sure we have the best deal for shareholders and
investors to see this project through to completion."
In additional news, BYRG announces it has amended its itemized
budget for the Texas Moving Image Industry Incentive Program as
promised in the prior news release dated January 17, 2012. The incentives, upon
acceptance, would generate an estimated $2
million in revenue from State of
Texas guaranteed credits on in-state spending approximating
$7 million.
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 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.
