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.
