Baron Capital Moving Forward
FT. LAUDERDALE, Fla., Sept. 6, 2012 -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) (www.baroncapitalenterprise.com) announced last month a series of events the Company planned on completing for the month of September.
The Company is pleased to announce it has reinstated its membership with Otcmarkets and will post the Attorney Letter for the first quarter within the next few days.
Baron has been working with Broadridge to facilitate the mailing of the Consent letter to shareholders with 2,000,000 shares or more as of August 24, 2012. The Consent letter will be seeking majority consent to allow a change in the Corporation's By-Laws that would protect the Common stock shareholders from an increase in the Authorized shares or a Reverse Split of the existing Common shares until July 1, 2014. A copy of the Consent Letter can be read on the Company's website www.baroncapitalenterprise.com in the upper right hand corner. This copy is for informational purposes only. Please do not try to alter the document for your own use. Broadridge will be using a control number for each shareholder to assure the person giving their consent is who they claim to be.
The Amendment to the By-Laws CAN only be changed by a MAJORITY of the COMMON shareholders. The Preferred shareholders cannot vote to Amend the share structure or cause any action to the Common stock. The current share structure of the Company makes it IMPOSSIBLE for the Preferred shareholders to convert enough Preferred shares into Common shares to change the new Amendment.
Broadridge will be getting back to the Company next week with the number of packets that will be needed to complete the mailing. The Consent letter will be sent out either by email or hard mail and shareholders can give their consent by phone, return mail, or internet 24 hours a day 7 days a week.
Once the Company has received majority consent, the Restated Articles will be filed with the State of Florida and both the Restated Articles and the Amended By-Laws will be posted on Otcmarkets.
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.
MATT DWYER, PRESIDENT
SOURCE Baron Capital Enterprises, Inc.