Bayport International Holdings, Inc. (BAYP) Updates Shareholders
TULSA, OK--(Marketwired - May 8, 2015) - Bayport International Holdings, Inc (OTC PINK: BAYP) is pleased to announce that the company's audit is near completion. We have added year end 2014 to the audit, as well as oil and gas reserve reports. Once SEC Fully Reporting status is achieved, we will submit the proper paperwork to migrate to the OTC-QB tier.
The Company's JV partner, JFK Oil terminal Corp., is raising five million dollars for financing major projects, including one project at its Pennsylvania terminal.
JFK and Bayport will share in revenues from all such associated projects, as well as any future joint ventures between the two companies.
Michael Walczak, CEO of JFK Oil Terminal, said, "This financing is progressing and JFK anticipates closing in the summer of 2015. We wish to thank the T. Boone Pickens Push.PickensPlan.org organization and our association with them on any and all matters."
Jim Porter, CEO of Bayport International Holdings Inc., said, "Bayport is excited to be a part of the JFK Oil Terminal project and looks forward to many more acquisitions to diversify its shareholders portfolio."
Investors in the JFK Oil Terminal Form D financing will receive equity shares of JFK Oil Terminal Corp. Bayport International Holdings is not currently nor has any intentions of participating in this offering. No shares of Bayport International Holdings will be included in this offering.
While Bayport International Holdings, Inc. supports the Form D financing as presented by JFK Oil Terminal Corp., Bayport is not involved with the offering in any manner. No Bayport shares will be included to those investors.
About M&K CPAS, PLLC
M&K CPAS, PLLC, is a full-service CPA firm in Houston serving the audit, financial reporting and tax needs of growing micro and small-cap publicly traded companies across the U.S. and worldwide, as well as a wide range of privately held companies. They also offer personal tax services and consulting solutions.
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 Oklahoma, Texas, and Pennsylvania.