AUSTIN, TX, August 30, 2013 - (ACCESSWIRE) - Buyer Group International, Inc. (OTC Pink: BYRG) the ("Company") announced two days ago that it executed an agreement to sell cashless warrants in exchange for 200 Million Euro Standby Letter of Credit drawn on a top world bank from LoneStar Capital Group LLC. The SBLC will become active upon LoneStar Capital Group LLC receiving $390,000 USD. Once paid, the credit facility will go active and the SBLC operative, whereas then BYRG will subsequently issue warrants, not up front, but only after the SBLC is confirmed to BYRG's bank. In effect, they are buying the stock at approximately $.0625 per share.
In a recent phone interview, the CEO David Bryant was quoted, "Once funds are confirmed on our behalf we will be announcing some changes and restructurings such as stock buybacks and distributions of cash and shares. We feel building liquid value up for our shareholders will support us further in the market in the long run. Details will come in the following days as we execute on our business plan."
SBLC and Attorney files can be viewed at http://www.otcmarkets.com/stock/BYRG/filings
See BYRG public disclosure at http://www.otcmarkets.com/stock/BYRG/company-info for full details. Completion of proposed transactions and project development are dependent upon important contingencies, including BYRG obtaining financing and guarantees, of which there is no assurance.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Buyer Group International, Inc. (BYRG) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. Words and phrases "can be", "expects", "may affect", "believed", "estimate", "project" among others are intended to identify forward-looking statements. BYRG cautions that forward-looking statements are not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, some of which are beyond BYRG's control, including attracting and retaining key talent. In addition to press releases, all public filings and forward-looking statements made by management, are to include, but are not limited to, the estimate of the sufficiency of capital resources, the ability to raise additional capital to fund future operations, repay existing indebtedness, and uncertainties involving estimating market opportunities include, and in identifying which contracts matches BYRG's capability to be awarded such contracts. All such forward-looking statements are current only as of the date on which statements were made. BYRG does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE: Buyer Group International, Inc
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