FT. LAUDERDALE, Fla.,
Sept. 21, 2012 /PRNewswire/
-- Baron Capital Enterprises, Inc. (OTCPK: BCAP)
(www.baroncapitalenterprise.com) is pleased to announce the Company
has completed the acquisition of a subsidiary entity with 45
existing shareholders.
The entity acquired was created back in the late 1990's when it
was easier to perform reverse mergers and take companies
public. This entity has never had any operations and is 100%
clean. It is considered a "Virgin Shell." With the help of a group
of Barons' shareholders, the Company was able to acquire majority
control of the company. The shareholders who participated
with the acquisition will receive shares in the new entity not in
Baron.
Baron intends to operate its transfer agency and brokerage
services within the new entity. Upon its first acquisition, Baron
will perform an audit of the combined business operations and file
an S-1 to raise additional working capital to enable the Company to
complete its two year business plan.
At this time all those who participated with the private
placement and have received information pertaining to the proposed
acquisition of the subsidiary are now able to trade Baron
again.
Baron still plans on completing its own audit and filing an S-1
to move up to a higher exchange.
Once Baron has been notified by Broadridge that is has received
enough votes on the Consent, the Company will file the Restated
Articles with Sunbiz.Org and post the Restated Articles and Amended
By-Laws on OTC Markets. A post card notice announcing the
passing of the Consent shall be sent to all 1,578 shareholders of
the Company.
More updates on the Company to follow over the coming weeks.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
Matt Dwyer, President
matt@bcapent.com
954-623-3209
SOURCE Baron Capital Enterprises, Inc.