FT. LAUDERDALE, Fla., March 8, 2012 /PRNewswire/ -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) (www.baroncapitalenterprise.com) would like to take this time to update shareholders on the Company.
Baron Capital's 2 year business plan is predicated on the Company owning and operating a brokerage firm. The brokerage is the catalyst that will feed all the other pieces of the Company. To date, the Company has not purchased a brokerage firm and does not offer any brokerage services.
The transfer agency is operational, but does not have any active clients as of yet. The Company was working with Trans Global Group to be its first client, but Trans Global does not have the money to change its transfer agency. Baron was initially going to loan them the money to facilitate the move, but decided the money would be better used in-house. Trans Global would have moved two companies to the transfer agency and Baron was working on two others. To date, none have setup transfer services with Baron.
The Company is not actively marketing its transfer agency services at this time. When the Company can successfully purchase and own a brokerage service then Baron will begin marketing its service as it will have something unique to offer.
Baron has made some changes to its website by disabling pages of its business plan not in operation as of yet. In the future, when and as these services become available the pages will be added back to the website.
Baron has not made any changes to its capital structure and is currently working on financing options to meet its future needs. Once the Company can secure the required capital to acquire a brokerage firm to meet its needs the Company will amend its Articles of Incorporation.
The Company plans to file its year end report for fiscal year 2011 by the end of March.
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.