Exit Only, Inc./Bayport Corporation Announces 71.6% Reduction of Authorized Shares
August 29 2011 - 8:45AM
Marketwired
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
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives of Exit
Only, Inc. (the "Company") related thereto contain, or may contain,
among other things, "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact included
herein are "forward-looking statements," including any other
statements of non-historical information. These forward-looking
statements are subject to significant known and unknown risks and
uncertainties and are often identified by the use of
forward-looking terminology such as "guidance," "projects," "may,"
"could," "would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "ultimately" or similar
expressions. All forward-looking statements involve material
assumptions, risks and uncertainties, and the expectations
contained in such statements may prove to be incorrect. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results (including, without limitation,
Bayport's ability to advance its business, generate revenue and
profit and operate as a public company) could differ materially
from those stated or anticipated in these forward-looking
statements as a result of a variety of factors, including factors
and risks discussed in the periodic reports that the Company files
with OTC Markets (Pink Sheets). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. The Company
undertakes no duty to update these forward-looking statements
except as required by law.
For any questions, contact: Louis Porter CEO 702-629-6312
Bayport (CE) (USOTC:BAYP)
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