Baron Capital Enterprises, Inc. (OTCPK: BCAP) (www.baroncapitalenterprise.com) is pleased to announce the auditing process of the Company is underway.
Baron recently retained the services of its former consultant who has worked on the financials of the Company since 2003 to roll the numbers forward from the last audit in 2006. Once completed, the reports will be forwarded to the Company's Auditors who have been retained to audit the Company. The Auditors have prepared reports for the Company since 2003 up through the last Quarterly filing in 2007 which should make for a smooth and expedient audit.
The Company should have fully audited financials by mid July, if not sooner, and looks forward to submitting the financials to the SEC to resume trading on the OTCBB.
The audits are another step required by the Company to facilitate its future goals and as each day goes by the Company gets closer to achieving these goals.
The Company previously announced it was planning to reduce its liabilities and as of today, $270,000 from the overall liabilities reported in the 1st Quarter will be wiped out by June 30, 2012. The goal of the Company is to reduce the liabilities so they amount to less then 50% of the stated assets of the Company.
The Company is in the process of securing new office space to allow for expansion and to improve the overall image of the Company. We anticipate entering into a new lease and relocating by July of this year.
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.