FT. LAUDERDALE, Fla., Sept. 19, 2012 -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) (www.baroncapitalenterprise.com) previously announced the Company had retained Broadridge to conduct the mailing and share count for an Amendment to the Company's By-Laws.
Broadridge notified the Company today that the hard mail piece has been mailed first class mail and the electronic copy is being sent out via email tonight. Everyone has the ability to cast their Consent via email or phone 24 hours a day 7 days a week.
A total of 690 Consents have been sent out to shareholders who owned at least 100,000 shares of Common stock or more as of August 24, 2012, of which 483 will be sent via email and 207 via hard mail. The Company hopes to have enough shareholder Consents in favor of the Amendment by mid October.
The Company will post the Second quarter financials prior to the end of the month so the rating on Otcmarkets does not drop below a "Yield" and will follow up within days with the Attorney Letter to move back to Current Information.
Next week the Company plans to announce what the Company has done with funds raised from current shareholders and how this will not have any dilutive effect on the Company.
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.