|By PR Newswire||
|November 8, 2012 09:37 PM EST||
AUSTIN, Texas, Nov. 8, 2012 /PRNewswire/ -- Buyer Group International, Inc. (OTC PK: BYRG) ("BYRG" or the "Company") today released a White Paper on Greenland's natural resources potential. The advisors at BYRG choose to do this to illustrate the enormous potential of investing in such areas as Greenland, given China's recent multi-billion dollar investments made in Greenland and China's expressions that Greenland is of major strategic importance to the country's long term viability and growth. White Paper is available at http://www.byrg.org/news.html
As reported earlier, BYRG entered into a Letter of Intent for a joint venture to acquire part interest in 360,000 acres of land in Greenland rich with deposits of Iron, Titanium and Vanadium ores. Initial reports indicate rich reserves comparable with other major world sites and exploration is underway to establish recoverable estimates which are already estimated to be at over 1 billion tons of raw ore material.
"We see enormous potential in Greenland's natural resources," said Dave Bryant, President of BYRG. "Our goals are to execute in the very near term a business development program centered around increasing holdings and production of mineral reserves for both long term management and short term development and production that can be sold on the current market."
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. The current world malaise and existing market conditions only strengthen that position. It is important to note that successful conclusion these projects and prospects are subject to numerous material contingencies, including financing, obtaining certain guarantees, further due diligence, and exploration and operating results, of which there are no assurances. BYRG will do its best to initiate ethical best practices to ensure the best odds and maximize this potential.
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.
SOURCE Buyer Group International, Inc.