Bayside Corporation (BYSD)

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Bayside Corp. Announces Joint Venture with C-Trade Group, for Heavy Fuel Oil Exports

DALLAS, July 24, 2013 /PRNewswire/ -- Bayside Corp. (OTC: BYSD) an energy exploration, development and production company today announced a joint venture with C-Trade Group, Inc. a petroleum logistics trade and finance company for heavy fuel oil exports.

Under the agreement C-Trade Group, Inc. will help to provide financing and contract support in the form of monthly bank guarantees in the amount of $160,500,000 for international heavy fuel oil exports.

Additionally, the C-Trade Group and Bayside Corp. have previously worked together successfully under a joint venture financing agreement for the redeveloping of existing oil fields using today's technology to restore and access more production from wells that were drilled 30 plus years ago.

Gordon Johnson was quoted as saying, "We are pleased to be able to partner with the C-Trade Group once more to continue our efforts to expand our revenue base."

About Bayside

Bayside Corporation is an energy exploration, development and production company building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'marginal' oil & gas wells located in the thousands of mature oil & gas producing fields across much of the United States.

For additional information on the Company visit our website at: http://baysidepetroleum.com/