Bayport International Announces Second Cannabis Related Acquisition
December 06 2016 - 8:01AM
Bayport International Holdings, Inc. (OTC PINK:BAYP) announced
today through its CEO, Clay Franks their second planned acquisition
specifically for the legal cannabis industry, but with implications
for other industries as well.
Mr. Franks stated, “We recently announced the pending
acquisition of an Online Cannabis Industry Directory that will
compete directly with Weedmaps, Leafly and other well-known
directory websites. We also announced that we are putting the
infrastructure in place in order to offer any business listed in
our directory customized support with other aspects of their online
marketing success such as their primary website, their approach to
search engine optimization, their approach to advertising, their
social media footprint, etc. This approach will add value,
enhance retention rates and create additional revenue streams, but
one key component of our overall plan was missing.”
Mr. Franks said, “While our monthly subscriber fees will be very
affordable for our Cannabis Directory customers, not every customer
will have the funds necessary to afford the customized marketing
and advertising packages that will also be available. In an
effort to ensure that we did not leave any potential revenue on the
table, we sought out a component that we felt we could purchase for
a reasonable price with a return on investment that could be one
thousand fold or better. As a planned incentive component of
our Cannabis Directory, we are purchasing an up to date video
library that covers every aspect of online marketing and
advertising. The library contains well over 40 separate
tutorials with well over 500 videos and counting. We have
also negotiated a long term plan to ensure that the library stays
current and up to date at all times.”
Mr. Franks stated, “This may sound like small potatoes to some,
but I for one am very passionate and excited about this particular
step in the process. For us it is a key component to
substantial revenue generation for years to come. The revenue
potential for our Cannabis Directory is in the millions of
dollars. In order to ensure that we grow our base of new
customers while retaining those that we already have, there has to
be incentives for them to stay with us for the long term. For
those who may be on a budget, but still desperate to learn how to
increase their customer base, this online marketing video library
is just one of the many incentives that we will include as part of
our overall strategy.”
Mr. Franks also stated, “Another exciting part of this
particular purchase is the fact that it has opened up a myriad of
possibilities as to how we can grow corporately beyond just the
cannabis industry. There are many niche industries that are
underserved and business owners across the country that are hungry
for information and/or support on how to grow their customer base
in an ever changing online environment. While we will stay
laser focused on our overall strategy for operating in the cannabis
industry and will always remain open for additional cannabis
related revenue possibilities, we are now evaluating additional
niche industries that we feel could be served by a directory
platform and all of the incentives that we will already have in
place for their use as well. In addition, as a completely
separate revenue portal, this entire video library will be set up
as a completely automated membership based site that will be
available to any and all small business across the country.”
Mr. Franks finished up with, “Both of these acquisitions will
officially close on or before December 19, 2016. At closing,
Bayport International will acquire an existing Oregon based LLC and
we will operate all of our cannabis related businesses under this
LLC as a separate division of the company. All assets will be
transferred and operating as a separate entity of Bayport
International on or before January 27, 2017. We want to thank
each of those who are investing their time and effort into the
overall business plan and we’d also like to thank our shareholders
for their support.”
About Bayport International Holdings, Inc.
Bayport International Holdings, Inc. is a holding company active
in Oil & Gas, strategic metals, precious minerals and energy
production. The company is also pursuing opportunities in the legal
cannabis industry. The objective of the company is to provide
diverse, yet practical investment opportunities to its
shareholders.
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives of
Bayport International Holdings, Inc. (the "Company") related
thereto contain, or may contain, among other things,
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact included herein are
"forward-looking statements," including any other statements of
non-historical information. These forward-looking statements are
subject to significant known and unknown risks and uncertainties
and are often identified by the use of forward-looking terminology
such as "guidance," "projects," "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends,"
"plans," "ultimately" or similar expressions. All forward-looking
statements involve material assumptions, risks and uncertainties,
and the expectations contained in such statements may prove to be
incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company's actual results (including, without
limitation, Bayport's ability to advance its business, generate
revenue and profit and operate as a public company) could differ
materially from those stated or anticipated in these
forward-looking statements as a result of a variety of factors,
including factors and risks discussed in the periodic reports that
the Company files with OTC Markets (Pink Sheets). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. The Company undertakes no duty to update these
forward-looking statements except as required by law.
Contact Info
9330 LBJ Freeway
Suite 900
Dallas, TX 75243
Phone: 214-438-3890
www.bayportholdings.com
Email: info@bayportholdings.com
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