DALLAS, April 15, 2015 /PRNewswire/ -- Bayside Corp. (BYSD: PK) today announced just over a 67% reduction off of its current Issued and Outstanding Common Stock as reported in the company's recent Quarterly filings. The reduction consists of 700,000,000 Restricted Common Stock that has been canceled and retired back into the company's treasury.
To continue, the move is consistent with Bayside Corp.'s management teams longer-term goals and objectives, which includes moving the company towards a higher trading tier in the US Over The Counter Markets and simultaneously increasing shareholder value.
About Bayside Corp.
Bayside Corp. is an American multinational corporation that manages multiple subsidiary companies engaged in a variety of business industries and sectors. At Bayside Corp. we believe that the future is now and that our efforts today will have a long lasting impact for generations to come. For additional information on the Company visit our website at: http://www.baysidecorp.com
Certain statements in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" All forward-looking statements are based on Bayside's current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Bayside's experience and its perception of historical trends.
The forward-looking statement in this news release includes reference to: Bayside's ability to execute on its strategy and deliver strong results on behalf of its shareholders. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties; some that are similar to other related companies and some that are unique to our company. Bayside's actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.
SOURCE Bayside Corp.