FT. LAUDERDALE, Fla.,
May 16, 2012 /PRNewswire/ -- Baron
Capital Enterprises, Inc. (OTCPK: BCAP)
(www.baroncapitalenterprise.com) is pleased to announce the
auditing process of the Company is underway.
Baron recently retained the services of its former consultant
who has worked on the financials of the Company since 2003 to roll
the numbers forward from the last audit in 2006. Once
completed, the reports will be forwarded to the Company's Auditors
who have been retained to audit the Company. The Auditors
have prepared reports for the Company since 2003 up through the
last Quarterly filing in 2007 which should make for a smooth and
expedient audit.
The Company should have fully audited financials by mid July, if
not sooner, and looks forward to submitting the financials to the
SEC to resume trading on the OTCBB.
The audits are another step required by the Company to
facilitate its future goals and as each day goes by the Company
gets closer to achieving these goals.
The Company previously announced it was planning to reduce its
liabilities and as of today, $270,000
from the overall liabilities reported in the 1st Quarter will be
wiped out by June 30, 2012. The
goal of the Company is to reduce the liabilities so they amount to
less then 50% of the stated assets of the Company.
The Company is in the process of securing new office space to
allow for expansion and to improve the overall image of the
Company. We anticipate entering into a new lease and relocating by
July of this year.
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.