FT. LAUDERDALE, Fla.,
June 29, 2012 /PRNewswire/
-- Baron Capital Enterprises, Inc. (OTCPK: BCAP)
(www.baroncapitalenterprise.com) would like to take this time and
update shareholders on the progress of specific events the Company
is working on.
The Company's audit is moving along with the goal of delivering
2007 through 2011 to the auditors within the next few weeks for
their review. Once the auditors have completed their review
of years 2007 through 2010 the Company will begin working with its
counsel on the S1 filing.
The Company has selected a building in downtown Fort Lauderdale for its new headquarters and
is working with the architects to finish the design layout so the
Company can occupy the space by August of 2012.
The Company is seeking a legal opinion which will allow it to
write-off a large portion of the debt on its books from prior
management adding to the previous announced write down for the
quarter.
The Company has been advised by counsel to change its state of
incorporation from Florida to
Delaware. The advice was due to the nature of business the
Company is entering and the protections offered by the state of
Delaware.
More updates to follow in 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.