SOURCE: Bayside Corporation

January 26, 2012 10:10 ET

Bayside Corporation Strikes Oilfield Financing Deal With C Trade Group

DALLAS, TX--(Marketwire - Jan 26, 2012) - BAYSIDE CORPORATION (PINKSHEETS: BYSD) has reached a financing agreement with C. Trade Group with the assistance of Green Mountain Development Corp. (PINKSHEETS: GMND) for funding up to an initial amount of $1.5 million. These funds are for the rework and recompletion of thirteen oil wells owned by Bayside in south Texas. The plan also calls for the drilling of at least two new oil wells on Bayside Corporation property.

"We are very grateful for C. Trade Groups important commitment and for Green Mountain Development Corporations assistance," said Gordon Johnson, CEO of Bayside Corporation.

Statements contained herein, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking information. The company takes no obligation to update or correct forward-looking statements.

Contact Information

    Ron Irwin
    Email: Email Contact
    Tel: 310-908-0889