Bayport International Holdings, Inc. Provides Comprehensive Shareholder Update
17 Janeiro 2019 - 10:24AM
InvestorsHub NewsWire
Colorado Springs, CO -- January 17, 2019 -- InvestorsHub NewsWire
-- Bayport International Holdings, Inc. (OTC Pink: BAYP) (“the
Company” or “Bayport”) operates as a diversified holding company
with subsidiaries active across cannabis technology, and
environmentally-friendly car wash services. Bayport is pleased to
provide a comprehensive shareholder update clearly detailing our
corporate vision and assessing the current holdings of the
Company.
Bayport remains extremely active in its cannabis technology
ventures. In late December 2018, management decided to consolidate
its WeedWiser and Ecannago platforms, under the Ecannago name. The
reasoning was the growing issue of illegal cannabis operators
trying to utilize Weedwiser in an attempt to look like legitimate
legal cannabis companies. While it was viable to manually delete
these accounts early on, the sheer volume became too much to handle
and thus the decision was made to consolidate the
platforms.
Management is still very active and excited about the
opportunities in the cannabis technology industry, particularly now
that industrial hemp is legal in the United States. Further
announcements and details on development on the newly combined
Ecannago are expected to be out shortly. In addition, management is
considering options with regards to the Weedwiser.com domain.
Bayport may look to capitalize on a sale of the domain, if findings
conclude there is value in Weedwiser.com.
The 360 Eco Wash is an exciting new addition that is nearly
officially 100% owned by Bayport. The initial signing of
the LOI was announced on January 10, 2019, followed by
signing of binding term sheet on January 15, 2019. Once
the deal officially closes, Bayport will be officially generating
regular revenues.
Bayport’s decision to diversify is due to revenue growth
initiatives, expanding technology portfolio, and building a holding
company that is comprised of novel companies generating revenue
and/or working on innovation. This is all part of management’s plan
to continue generating value to shareholders.
Summary of Holdings:
- Ecannago (cannabis technology platform; combination of old
Weedwiser and Ecannago platforms)
- 360 Eco Wash (revenue-generating mobile car wash service in
California)
- 10% ownership in 420skybnb (cannabis-based travel and
accommodations website)
Bayport would like to thank its shareholders for their patience,
as the company shifts to a diversified holding company model.
Management sees the changes as a way to unlock shareholder value
and drive greater capabilities for Bayport.
Bayport CEO, Clay Franks stated, “This is going to be an
exciting and productive year for Bayport. We have a well mapped out
plan for growth and we are thrilled to execute it throughout
2019.”
Follow us on Twitter https://twitter.com/BayportBAYP
About Bayport International Holdings, Inc. (OTC PINK: BAYP):
Bayport International Holdings, Inc. is a holding company
actively engaging acquisition targets with growth
potential. Bayport has active operations across cannabis
technology and an eco-friendly, mobile car war operation located in
California.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Bayport International Holdings, its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Bayport International
Holding's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Bayport International Holding's
filings with the Securities and Exchange Commission.
Bayport International Holdings, Inc. 985 Pico Point Colorado Springs, CO 80905 Phone: 719-306-0005 www.baypcanna.com info@bayportholdings.com Investor Relations Contact: Spotlight Growth Matt Rego mrego@spotlightgrowth.com
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