FT. LAUDERDALE, Fla.,
Sept. 6, 2012 /PRNewswire/
-- 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.
Contact:
Matt Dwyer, President
matt@bcapent.com
954-623-3209
SOURCE Baron Capital Enterprises, Inc.
