Baron Capital Enterprises, Inc. Name and Symbol Change Approved by FINRA and is Now Effective
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
