BCAP Baron Capital Issues Update
FT. LAUDERDALE, Fla., Oct. 11, 2012 /PRNewswire/ -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) (www.baroncapitalenterprise.com) is pleased to announce the Company has been restored to "Current Information" on OTCMarkets. The Company plans on filing the 3rd Quarter Report on OTCMarkets then all future reports on SEC.gov.
The Company has delivered all financial reports needed to complete audits for fiscal years 2007 through 2011 and have been working with the auditors to supply all the back up documentation to verify the information posted including the Convertible Debt wire transfer confirmations.
As of yesterday the total number of votes cast so far are 1,119,950,955 of which 1,104,120,955 have cast "For" the Consent, 15,180,000 have been cast "Against" the Consent and 650,000 have "Abstained". The Company is about a week away from gather the less then 80 million votes in "For" it needs to pass the measure, out of 690 total ballots only 172 or 25% have been cast. At the current rate of voting the measure should pass next week, if you have not received any information regarding this matter and where a shareholder on August 24, 2012 please email matt@bcapent.com and let him know so he can assist you in obtaining your control number.
The Company entered into a transaction to transfer certain domain names the Company does not use and is not part of the future plan of the Company along with $13,000 in liabilities in exchange for the return of 61,500 shares of Series AA Preferred.
During the month of October the Company will be updating shareholders on the following items:
Update on the Audits, Vote Count, filings of the Amended By-Laws and Restated Articles, Transfer Agent Acquisition, S-1 for Baron, and Audit for the Subsidiary, write off of accumulated salary.
More updates on the Company to follow over 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.
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