FT. LAUDERDALE, Fla.,
Dec. 16, 2011 /PRNewswire/
-- Baron Capital Enterprises, Inc. (OTC: BCAP)
(www.baroncapitalenterprise.com) formerly known as 247MGI, Inc is
pleased to announce that the Company has been approved for the name
and symbol change.
The Company is also pleased to announce it has purchased and is
currently scheduling the install of the Transfer Agency software.
Baron Capital Transfer & Registrar has new clients ready to
utilize the unique Transfer Agency services offered which will
happen upon completion of the installation and training
process.
During the 1st quarter of 2012, the Company will begin to
generate revenues from the Transfer Agency services, this being
just one of many revenue streams the company possesses, all of
which work synergistically together.
The main source of funds to be generated by Baron will come from
debt it currently holds and new debt it creates from other public
companies. Baron is currently working on setting up a trading
account offshore and anticipates that will be active in
January.
The main goal of Baron remains to own and operate a brokerage
firm within the Company. Baron is committed to achieving this
goal and is exploring several solutions to raise the capital to
complete the acquisitions and will update shareholders as soon as a
definitive plan is in place.
With the name change becoming effective today Baron can begin to
move executing its business plan.
Other updates will follow shortly.
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.
