Buyer Group International Inc. (BYRG.PK) Receives Letter of
Interest for 2013 Exclusive Joint Business Development with
Indonesia Business Development Organization
AUSTIN, Texas, Feb. 4, 2013 /PRNewswire/ -- Buyer Group
International, Inc. (OTCPINK: BYRG) ("BYRG" or the "Company") today
announced it has received Letter of Interest for joint development
of projects in Indonesia from
business development organization Indonesia Chamber of Commerce and Industry
(KADIN).
Company information available at: http://www.byrg.org
"We are excited to be moving into
this accelerated phase of business development. The
indication in writing by the chamber to establish a joint venture
and provide exclusive support through their organization is a
capstone for our business development strategy," said BYRG CEO
Dave Bryant. He
further stated, "Indications are that KADIN wishes
to be the sole regional supporter for Buyer Group
International. This is a testament to the
fundamental strength of our approach to
business development and capitalization in the
region. The projects they have indicated support
for is focused towards mineral benefication including
shelter, infrastructure, energy, and financial and capital services
development exported by our organization to assist their government
with providing job programs."
Some of the lands that will be considered for development
include areas from the mineral rich Sumbawa district,
consisting of three groups with indicated showings. Area of
15 Hectares (Ha), has two confirmed areas with sampling showing .36
gr/t of Au, 120 gr/t of Ag, 5.05 Ha including 35 samples, 23 rock
surface samples, showing 13.8 gr/t Au, 15.5 gr/t Ag, and 183 ppm of
Mo, and finally, 31.25 Ha with 3000m of trending copper gold with
values showing 879 gr/t of Cu, 4.13 gr/t Au, 19 gr/t Ag, plus .93%
Zn, and 5.53% Pb.
BYRG and its advisors believe that strategic development of
mineral rich lands will give the shareholders the best long term
returns of any industry including government and municipal
investment.
Completion of the proposed transactions are dependent upon
important contingencies, including BYRG obtaining financing and
guarantees, of which there is no assurance.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Buyer Group
International, Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be",
"expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. Buyer Group International, Inc.
cautions you that any forward-looking information provided by or on
behalf of Buyer Group International, Inc. is not a guarantee of
future performance. Completion of the transaction is dependent upon
important contingencies, including completion of financing, of
which there is no assurance. None of the information in this
press release constitutes or is intended as an offer to sell
securities or investment advice of any kind. Buyer Group
International, Inc.'s actual results may differ materially from
those anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond Buyer Group
International, Inc. 's control. In addition to those discussed in
Buyer Group International, Inc.'s press releases, public filings,
and statements by Buyer Group International, Inc.'s management,
including, but not limited to, Buyer Group International, Inc.'s
estimate of the sufficiency of its existing capital resources,
Buyer Group International, Inc.'s ability to raise additional
capital to fund future operations, Buyer Group International,
Inc.'s ability to repay its existing indebtedness, the
uncertainties involved in estimating market opportunities, and in
identifying contracts which match Buyer Group International, Inc.'s
capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. Buyer Group International, Inc. does not undertake
any obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Company website: www.byrg.org
Media Contact:
Heidi Gillion
Heidi@pr-publicrelations.info
Telephone: 323-250-9904
ir@byrg.org
SOURCE Buyer Group International Inc.