Embarr Downs Announces That W+B Partners Has Been Retained By New Client
August 28 2014 - 9:00AM
Business Wire
Embarr Downs, Inc. (OTCQB: EMBR) announced that its subsidiary
W+B Partners has been retained by a new client to acquire a shell
and provide consulting services after the reverse merger. W+B
Partners will be compensated $100,000 plus a 4.9% position in the
Company. W+B Partners has received $50,000 cash and a note payable
for the remaining $50,000. The 4.9% stake is through a Preferred
Stock issuance that may not be converted into Common Stock for 12
months. W+B Partners acquired an additional 4.5% bring the
Company’s total ownership to 9.4%.
About Embarr Downs. The
Company is a holding company that operates through its subsidiaries
Embarr Downs of California, SouthCorp Capital, W+B Partners and
Tren TV.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contacts:Embarr Downs, Inc.Joseph Wade(949)
461-1471info@embarrdowns.comwww.embarrdowns.com
Embarr Downs, Inc.Joseph Wade,
949-461-1471info@embarrdowns.comwww.embarrdowns.com
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