Bayport International Holdings, Inc. (BAYP) Announces Joint Venture With JFK Oil Terminal Corporation
(firmenpresse) - TULSA, OK -- (Marketwired) -- 02/04/15 -- Bayport International Holdings (OTC PINK: BAYP) is pleased to announce that they have entered into a Joint Venture with JFK Oil Terminal Corporation on a 6 acre energy facility in Berwick, Pennsylvania.
The project is to include strategic acquisitions, mutual development of JFK terminal and oil fields and natural gas and oil fields service contracts. JFK and Bayport will share on a 50/50 basis revenues from all such projects associated with JFK Terminal Project as well as any future joint ventures between the two companies.
Director Clay Franks said, "This joint venture brings another facet to Bayport International Holdings. Bayport is very excited to JV with Oil & Gas Companies such as Downhole Energy, LLC and JFK Oil Terminal."
Mr. Franks added, "In the last two quarters of 2014 we have become cash flow positive as small public company while at the same time we reduced overhead. Management would like shareholders to know with the upcoming acquisitions and fulfillment of an aggressive oil and gas acquisition plan we will continue to add toward our bottom line in revenues and cash flow status."
For more information on the JFK Oil Terminal please view:
Bayport will release further updates to shareholders as more information on this joint venture is available. Bayport is excited to be a part of the JFK Oil Terminal project and looks forward to many more acquisitions to diversify its shareholders portfolio.
As announced earlier, Bayport is in the process of finishing their 2014 audits and will be filing a Super 8-k to achieve SEC Fully Reporting status.
Bayport will update to reflect the new changes and updates. We are looking forward to a great and prosperous 2015.
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Datum: 04.02.2015 - 00:57 Uhr
Sprache: Deutsch
News-ID 1334669
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