Buyer Group International Inc. (BYRG.PK) Completes First Phase of Recapitalization with Significant Reduction in Authorized Shares

DALLAS, Jan. 26, 2012 /PRNewswire/ -- BUYER GROUP INTERNATIONAL INC. (BYRG.PK) – Buyer Group International Inc. announces it has completed phase one of its recapitalization plan with the reduction in authorized common shares from 50 billion to 1.3 billion, a reduction of over 97 percent. THE COMPANY also includes a preferred share structure of 300 million authorized.

CEO David Bryant announced in late 2011 the intention to reduce the share structure of BYRG.PK significantly and position projects for increasing shareholder value going into 2012. With phase one complete, BYRG.PK is better positioned to identify the next authorized share reduction and to realize higher value for long term investors and shareholders alike. In 2011, the Board of Directors of BYRG.PK authorized the exchange or buy back of a total of 2.75 billion shares. The completion of phase one marks a significant step towards this goal.

Incorporated and in good standing with the State of Wyoming, BYRG is positioning itself for growth in 2012 by increasing its holdings in the entertainment industry and by expanding projects in Colorado and British Columbia. David Bryant states "2012 is the year for us. Our long term investors know what we have been working on in Colorado and British Columbia for a while now.  I think they'll be pretty excited in the next couple weeks or months. I'm also very happy about the progress we are making towards getting this feature motion picture together. We have the money and the talent on the table to get it made, we just want to make sure we have the best deal for shareholders and investors to see this project through to completion."

In additional news, BYRG announces it has amended its itemized budget for the Texas Moving Image Industry Incentive Program as promised in the prior news release dated January 17, 2012.  The incentives, upon acceptance, would generate an estimated $2 million in revenue from State of Texas guaranteed credits on in-state spending approximating $7 million.

Buyer Group International, Inc. (BYRG.PK) in connection with its capital fund partners will expect to grow its operating holdings in the entertainment industry to a total of $100 million within 5 years.  By managing high net worth assets Buyer Group International Inc. continues to grow its capital base while generating capital returns to investors exceeding traditional funds.

Information may be found at www.buyergroupint.com as it is released to the public.

Company Contact:
David Bryant
214-810-1317
[email protected]

News for BYRG is located at http://www.buyergroupint.com/news.html

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A & 27E of the Securities Act of 1933, 1934. Statements herein that are not historical facts are deemed forward-looking statements based upon management's current expectations. Investors are cautioned that forward-looking statements are inherently uncertain and subject to risks and uncertainties that could cause actual results to differ materially from those set forth and management undertakes no obligation to update or revise such statements. Actual performance results may differ materially from those suggested herein due to uncertainties including, without limitation, ability to obtain financing, regulatory and shareholder approval, and the ability to attract or retain key management personnel.

SOURCE Buyer Group International, Inc.