FT. LAUDERDALE, Fla.,
June 5, 2012 /PRNewswire/
-- Baron Capital Enterprises, Inc. (OTCPK: BCAP)
(www.baroncapitalenterprise.com) is pleased to announce that the
Company will be completing a mailing to all shareholders by the end
of the month requesting them to vote on a resolution stating the
current share structure shall remain the same for two years and the
Company will not effect a reverse split during this period.
The Company intends to file Restated Articles with the
State of Florida showing the
Company has Authorized Common Stock of 2.4 Billion and 5 Million
Authorized shares of Preferred Stock. The Company has
received approval from the Preferred control group, but would like
the Common shareholders to participate in the vote as well.
The Company has already received approval from over 40% of the
Common shareholders.
This will ensure the Company does not increase the Authorized
shares of the Common stock for two years and does not create any
other class of stock that could convert into the Common stock for
two years. This will also give shareholders peace of mind
that the Company will not effect any type of reverse split during
the same period.
In other news:
The Company has narrowed its search for its new headquarters to
two buildings and plans to announce its new home in a few
weeks. Each building is a class A office building that will
build out the new office suite to our specifications. This will be
the new headquarters of the Company for 5 years. Our
anticipated move-in time is the end of July to the beginning of
August.
The audit process is moving along and further updates will be
available 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
SOURCE Baron Capital Enterprises, Inc.