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Press Release Source: Buyer Group International, Inc.
Buyer Group Finalizes Lucrative Acquisition and Increases Net Revenues
Thursday May 29, 4:36 pm ET
MCKINNEY, Texas--(BUSINESS WIRE)--Buyer Group International, Inc. (Pink Sheets:BYRG - News) is pleased to announce, through its subsidiary BGI Group LC, the acquisition of 85% interest in MD Caperton Dirt & Paving LLC, an excavation and paving company located outside of Amarillo, TX. This acquisition brings additional positive equity to the balance sheet of Buyer Group International, Inc. With annual revenues exceeding $400,000 and gross margins over 60%, the profitability of the acquisition gives Buyer Group International, Inc. a solid, in-the-black entry into the excavation and engineering business, paving the way to business expansion in the real estate development and construction arena. The acquisition includes a management contract for personnel of the former family-operated business which brings 70 years experience spanning three generations.
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With paving equipment, asphalt loaders, lay-down machines, trucks, and trailers, the total asset base of the company will add additional equity to the balance sheet of Buyer Group International, Inc. In addition, current contracts in force put the company on revenue targets of over $300,000 by summer's end. Furthermore, the company operates a freight brokerage business under a Brokerage Motor Carrier Number granting the company the ability to book its own trucking and freight services for aggregate and material haulers that operate across the state.
Buyer Group International, Inc. has committed to residential property investment for the average investor. Through strategic partnerships we aim to assist property owners and developers in the turbulent markets by utilizing time-tested techniques to acquire and hold real estate, bring our clients ease of ownership, as well as some of the best wealth building strategies available.
With operations in Texas, New York, and Florida the company offers investors with an international range the prospects of residential property development in the US. By co-venturing with partners in Dubai and the Caribbean, we offer the institutional investor the opportunity to invest in business and real estate that adds value.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.
Contact:
Buyer Group International, Inc., McKinney
David Bryant, CEO, 214-592-0794, 866-455-2188 fax
www.buyergroupint.com
info@buyergroupint.com
or
Investor Relations:
Paradise Capital Group
Jason DeOliveira, 954-254-3247
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Source: Buyer Group International, Inc.
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