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Exit Only, Inc./Bayport Corporation Announces 71.6% Reduction of Authorized Shares
Aug 29, 2011 8:45:00 AM
SANTA MONICA, CA -- (MARKET WIRE) -- 08/29/11 -- Exit Only, Inc. (PINKSHEETS: EXTO) today announced that its recently acquired Bayport Corporation, at a directors' meeting on August 26, 2011, approved an amendment to its Articles of Incorporation reducing the number of Authorized Shares from 3,000,000,000 down to 850,000,000. This change is effective immediately and will be reflecting in the Nevada SOS database shortly.
President of Bayport James L. Porter was quoted as saying, "Reducing the Authorized Shares down by 71.6% should enhance investor confidence while eliminating any illusion of dilution." In addition, the company has registered with FINRA to commence the process for a name change to Bayport Corporation as well as a new symbol. When these changes are made, the company will apply for a new CUSIP number.
About Bayport Corporation
Bayport Corporation is a company formed to exploit the various precious minerals in the U.S. and Canada and to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport Corporation is a multi-faceted holding company active in strategic metals and precious minerals, energy production, wholesale seafood sales, natural foods processing, health and beauty products. The company is primarily focused on precious metals, rare earth, and other critical strategic metals. Bayport Corporation is developing mining properties with economic potential and the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located in the prolific western USA in Nevada, Utah, Colorado, and Wyoming.
www.bayportcorporation.com
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