Embarr Downs Announces It Has Expanded Its Operations to Arizona
17 März 2014 - 12:00PM
Embarr Downs, Inc. (OTCQB: EMBR) announced today that it has filed
its license application with the Arizona Department of Racing to
expand its operations to Arizona.
"The fact that we have only been operating for less than 3
months and achieved our initial milestones provides us with a
foundation which we can expand into Arizona," stated Joseph Wade,
CEO of Embarr Downs, Inc. "We were able to
expand the number of thoroughbreds to 3 and start in 5 races and
now we are taking the next step up in race class and begun
paying an annual dividend of $.001 per share to our
shareholders. Our next goal is to expand to 5-6 thoroughbreds
and acquire a thoroughbred that is capable of competing in stakes
races. The line of credit we have established allows us
to fund the acquisition of these thoroughbreds without the
need to issue a single share of common stock. We have a 2 year plan
(which we are 3 months into) to have 15-20 thoroughbreds racing for
us and to have 5-10 broodmares in our breeding division."
The Company expects to have its first race in Arizona on March
24, 2014.
About Embarr Downs. The Company is engaged in
the buying, selling and racing of thoroughbreds. The
Company's focus is acquiring thoroughbreds that can race in the
allowance and stakes level of thoroughbred racing; however, the
Company will initially begin acquiring thoroughbreds in the
claiming level of thoroughbred racing. More information can
be found at www.embarrdowns.com Additional information
can be found at www.embarrdowns.com and on our Facebook page
https://www.facebook.com/embarrdowns and Twitter at
https://twitter.com/EmbarrDowns.
Notice Regarding Forward-Looking Statements in
this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.
CONTACT: Contacts:
Embarr Downs, Inc.
Joseph Wade
(949) 461-1471
info@embarrdowns.com
www.embarrdowns.com
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