Baron Capital Enterprise Inc (BCAP)

[Red_Wolf]

That is one serious attempt at spinning what Matt's done.

Press Release Source: 247MGI, Inc. On Monday October 3, 2011, 9:19 am EDT
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- 247MGI, Inc. (Pink Sheets:TOFS.pk - News) (“247MGI”) soon to be known as Baron Capital Enterprise, Inc. (“”Baron Capital”) has decided to fast track the next planned share reductions so it takes effect for the fourth quarter. Over the next 90 days the Company will reduce the Authorized shares from 1.6 billion to 1.2 billion, a 25% reduction. In order to complete the reduction the Company will need to reduce the total number of shares Outstanding by a minimum of 160 million.

The first 200 million shares of the planned reduction from the Authorized shall take place today. The Amendment documents will be submitted to the State of Florida and a stamped copy of the documents will be forwarded to the transfer agent once the Amendment has been completed.

Over the past week Baron Capital has seen the price of its common stock plummet for no reason, although the Company feels the price should be higher, it plans on taking advantage of these low levels to begin purchasing shares out of the market. Baron Capital shall open its trading account and begin converting debt from other companies and using those proceeds to purchase shares out of the market.