TULSA, OK--(Marketwired - Apr 29, 2014) - Bayport International Holdings, Inc. (OTC Pink: BAYP) (PINKSHEETS: BAYP) is excited to announce the signing of a Letter of Intent with a cosmetic, safety and heath product manufacturer forming a joint venture to design and produce the first two in a line of hemp based products designed and manufactured exclusively for Bayport International Holdings, Inc., through its subsidiary Bayport Medicinal Research, Inc. We are currently working on packaging designs and finalizing product formulations.
Once these products become ready for market, we will make them available through our new ecommerce website at www.bayportmedicinal.com and available for sale worldwide. Beta testing for the new ecommerce website will start immediately. Bayport is taking this approach due to the multibillion dollar industry that cannabis oil has become. Cannabis Hemp Oil details will be released as product development progresses.
CEO Jim Porter said, "Management is excited to be a part of this new industry and believes it will increase shareholder value greatly. We will release details for packaging, designs and product formulations step by step to give greater transparently to our shareholders. The URL www.bayportmedicinal.com has already been acquired."
About Bayport International Holdings, Inc.
Bayport International Holdings, Inc. is a company formed to exploit the various precious minerals in the U.S. to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport International Holdings, Inc. is primarily focused on oil and gas ventures, with holdings in precious metal mining claims. Bayport International Holdings, Inc. is developing mining and oil and gas properties with economic potential with the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located Pennsylvania, and in the prolific western USA in Utah and Texas.
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.