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Bayport International Holdings, Inc. Announces Sale of Assets Transaction
S For Story/10687739
FORT LAUDERDALE, Fla. - s4story -- Bayport International Holdings, Inc. is pleased to announce the sale of its assets which was approved by the Board of Directors and shareholders owning a majority of the company's outstanding voting shares.
The consideration for the transaction is shares of common stock of the purchaser, Ideal Group of Companies Inc. We intend to distribute said shares received by BAYP on a one to one basis equal to each shareholders individual shareholdings as of the date of the transaction.
"We are thrilled to complete this transaction with IDGR. We believe IDGR's vision for leveraging these assets to drive growth and create value represents a win-win opportunity for both organizations" said Jerrold Krystoff, CEO.
About Bayport International Holdings, Inc.
Bayport International Holdings, Inc. (https://bayportintlholdings.com). Prior to this transaction, Bayport had diversified interests in resort real estate development with innovative venues and platforms in healthcare and technologies designed to provide expanding opportunities and optimize shareholder value.
Contact:
Bayport International Holdings, Inc.
More on S For Story
Investor Relations
Phone: 954-764-3979
corp@hdgusa.com
DISCLAIMER AND FORWARD-LOOKING STATEMENTS
Certain statements herein are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, and are intended to be covered by the safe harbors created thereby.
All statements other than statements of historical fact are forward-looking, including those related to the viability of business plans, the effect of acquisitions on profitability, product effectiveness and marketability, protection of proprietary information, general economic conditions, and the volatility of operating results and financial condition.
These statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections. Actual results may differ materially from those expressed or implied by such statements.
The companies undertake no obligation to update forward-looking statements to reflect subsequent events, changed circumstances, or revised expectations, except as required by law. Although management believes these expectations are reasonable, no assurance can be given that they will prove correct.
Investors are cautioned that actual results may differ materially from anticipated results.
The consideration for the transaction is shares of common stock of the purchaser, Ideal Group of Companies Inc. We intend to distribute said shares received by BAYP on a one to one basis equal to each shareholders individual shareholdings as of the date of the transaction.
"We are thrilled to complete this transaction with IDGR. We believe IDGR's vision for leveraging these assets to drive growth and create value represents a win-win opportunity for both organizations" said Jerrold Krystoff, CEO.
About Bayport International Holdings, Inc.
Bayport International Holdings, Inc. (https://bayportintlholdings.com). Prior to this transaction, Bayport had diversified interests in resort real estate development with innovative venues and platforms in healthcare and technologies designed to provide expanding opportunities and optimize shareholder value.
Contact:
Bayport International Holdings, Inc.
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Investor Relations
Phone: 954-764-3979
corp@hdgusa.com
DISCLAIMER AND FORWARD-LOOKING STATEMENTS
Certain statements herein are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, and are intended to be covered by the safe harbors created thereby.
All statements other than statements of historical fact are forward-looking, including those related to the viability of business plans, the effect of acquisitions on profitability, product effectiveness and marketability, protection of proprietary information, general economic conditions, and the volatility of operating results and financial condition.
These statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections. Actual results may differ materially from those expressed or implied by such statements.
The companies undertake no obligation to update forward-looking statements to reflect subsequent events, changed circumstances, or revised expectations, except as required by law. Although management believes these expectations are reasonable, no assurance can be given that they will prove correct.
Investors are cautioned that actual results may differ materially from anticipated results.
Source: Bayport International Holdings, Inc.
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