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Well, we got our update.
http://ih.advfn.com/p.php?pid=nmona&article=48394038&symbol=EXTO
Looks like the shareholders got 'Shats'ed on. 
Bayport Corporation and Shats International Holdings, Inc. have both mutually agreed to cancel previous transactions that originated with Shats international Holdings, Inc. and other companies to allow for Bayport Corporation to focus on its primary mining operations and seafood sales.
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Exit Only, Inc. (PINKSHEETS: EXTO) announced that pursuant to its acquisition strategy, it has approved a registered spin-out of its newly acquired Trans Atlantic Capital Group, Inc. "A registered spin-out will maximize the investment potential for both EXTO and its shareholders," stated Diana Shats, President . "While EXTO has a broad acquisition strategy, Trans Atlantic is focused specifically on one sector so it is logical to achieve full valuation as an independently traded company," continued Ms. Shats. EXTO intends to file a registration statement registering the shares to be distributed from the dividend. Management believes that this is a demonstrable initiative to reward its shareholders and build long term balance sheet value.
Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc., as previously announced, achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010. The company is in the process of preparing Pro Forma financials, reflecting the acquisition, which it intends to post on the PinkSheets database. In addition, the Company is finalizing its financials and expects to return to Current Information status during this quarter.
EXTO shareholders will receive 20% of the issued and outstanding shares in TACG. The record date for the share dividend has been chosen as June 15, 2011 and share distribution dates have not yet been determined. Upon completion of the spin-off, TACG is expected to trade on the Over-The-Counter Bulletin Board ("OTC-BB"). The issued and outstanding common stock of EXTO is not affected by the spin-out and is approximately 560,910,000 post acquisition of Trans Atlantic Capital Group. The 479,000,000 shares comprising the Float remains unchanged since July 2010.
