Baron Capital Has Been Upgraded to OTCPINK
August 05 2014 - 7:11AM
Access Wire
FT. LAUDERDALE, Fla. / ACCESSWIRE / August 05, 2014 / Baron
Capital Enterprises, Inc. (OTCPK: BCAP) is pleased to announce the
"Caveat Emptor" status has been removed from the Company and it has
been upgraded to OTCPINK Current status.
Baron through its filings has brought is shareholders current up
through June 30, 2014 and would like to take this time to layout
the Company's objectives for the last 6 months of 2014.
Baron should have several hundred thousand dollars in its
coffers to grow the business during the last 6 months of 2014
generated from the equity it currently holds and is entitled to
receive.
The Company will allocate the use of those funds as follows:
1. To pay down debt and strengthen Baron's balance sheet.
2. To retain the new auditor and complete an audit for 2012
through June of 2014.
3. To audit the 2 shell companies Baron owns and to file a Form
10 for each.
4. To move transfer agents.
5. To create a new website.
6. To establish a corporate headquarters.
7. To pay for legal services for various matters which should
yield beneficial outcomes for the Company.
8. Put the proper D&O insurance in place to attract new
Officers and Directors.
9. Generate new business.
Baron should close 2014 on deals for its two shells with the
goal of having one if not both of them trading before the year is
out. Baron will use the money generated to fund operations
for next year with a goal to complete 4 new deals prior to the end
of 2015 and 6 deals for 2016.
As the Company collects it's fees on the new deals moving
forward Baron should have more working capital and therefore the
Company can work on bigger and better deals.
The Company has removed the Special Provision within the Bylaws
of the Corporation as voted and agreed to by a majority of the
shareholders in 2012. Baron has not issued a single share of
Common or Preferred since January of 2012 and currently has no
plans or need to increase either the Authorized or the Outstanding
share count.
Once the new Board is created a plan will be presented to
eliminate the Preferred without converting any of the Preferred
stock, but will entail the Company buying some of the Preferred and
buying back half of the current float over a period of time.
Baron will continue to use newswire services, but will also
begin taking advantage of social media outlets and its own website
to disseminate news on the Company.
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
matt@bcapent.com
954-623-3209
SOURCE: Baron Capital Enterprises, Inc
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