Exit Only, Inc. Acquires Bayport Corporation and Begins Gold Production
12 July 2011 - 1:00AM
Marketwired
Exit Only, Inc. (PINKSHEETS: EXTO) today announced that it has
acquired Bayport Corporation, a Nevada corporation. With this
acquisition, Bayport Corporation has obtained the controlling
interest in the company. James L. Porter will serve as the
President while Louis Porter will serve as the CEO of the surviving
company. The new name of the company will be filed with FINRA to be
changed to Bayport Corporation along with requesting a new stock
symbol. Bayport has hired legal counsel for organizing financial
data to immediately prepare for becoming current within the OTC
market exchange.
Bayport Corporation has several subsidiaries and affiliates in
gold mining as well as Rare Earths, precious minerals and metals.
These interests are in Nevada, Utah, Colorado, and Wyoming. Its
wholly-owned subsidiary, Cosmic American Rare Earth, Inc. (CARE),
has secured a $50,000,000 Rare Earth IPO with Aegis Capital
Corporation. Details will be announced in the future.
Non-dilutive financing has been secured. Equipment has already
been mobilized and put in place beginning its placer gold mining
operations on July 10, 2011 of which all required state permits and
approvals have previously been in place with the U.S. Department of
the Interior Bureau of Land Management (BLM). These interests are
also in Nevada, Utah, Colorado and Wyoming. When mining operations
have been up and running for a while, the company would like to
invite shareholders out to an open house to give all investors a
chance to see the company's operations and to meet management.
In addition to mining, Bayport has many interests in Seafood
with their Lobster Pounds in Maine, plus their shrimp and lobster
sales outlet in Las Vegas, Nevada. Bayport has other specialty sea
foods from Louisiana, Alaska and Ecuador. Information about these
interests along with Bayport's mining historical and progress
reports will be published on the company's website to include the
company's organizational chart to reflect the variety of assets
owned by Bayport Corporation. The company's website is currently
under construction and will be available in the near future to keep
shareholders updated.
Bayport Corporation and Shats International Holdings, Inc. have
both mutually agreed to cancel previous transactions that
originated with Shats international Holdings, Inc. and other
companies to allow for Bayport Corporation to focus on its primary
mining operations and seafood sales. More announcements will be
released to further explain Bayport Corporation's interest in three
newly acquired gold mines and other advancements from their
assets.
About Aegis Capital Corporation Aegis
Capital has been in business for the past 26 years and maintains a
conflict free service platform catering to the needs of private
clients, institutions and corporations. Aegis Capital Corporation
was founded in 1984 by the current CEO and Chairman. Aegis origins
were based on servicing the specific needs of an extremely affluent
customer base. Today, we have become a premiere full-service
investment banking firm with twelve locations and employees
stretching from Florida to Rochester, NY. We have clients in all 50
states and overseas. Aegis has been able to bring quality service
through its clearing relationships of Penson and JP Morgan.
http://www.aegiscap.com/
About Bayport Corporation Bayport
Corporation is a 100% debt-free 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, digital media services and network
marketing. 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.
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, SIH'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: President James L. Porter or
CEO Louis Porter 702-629-6312
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