$GFMD - Edgar Renteria - DECEMBER 5, 2012 · 3:24

$GFMD - Edgar Renteria - DECEMBER 5, 2012 · 3:24 PM ? Jump to Comments Pair Invest in AWBL and Acquire Flyers, League Releases Financials PRESS RELEASE – Embark Holdings, Inc. subsidiary American West Baseball League today announced that Edinson and Edgar Renteria have agreed to invest an undisclosed amount into the American West Baseball League for an ownership interest and also have acquired the territorial rights to Fullerton, Ca., the home of the Fullerton Flyers. Edinson Renteria played professional baseball for 9 years as a utility player with clubs such as the Houston Astros and Florida Marlins. Edinson holds the position of President with LIGA COLOMBIANA DE BEISBOLPROFESIONAL (LCBP), a professional baseball organization out of Colombia and oversees many other business interests. Edgar Enrique Renteria, nicknamed “The Barranquilla Baby,” is a Colombian former professional baseball shortstop. He threw and batted right-handed. He played for the Florida Marlins, the St. Louis Cardinals, the Boston Red Sox, the Atlanta Braves, the Detroit Tigers, San Francisco Giants and Cincinnati Reds. Edgar attended 5 All-Stargames, won 2 World Series, 3 Silver Slugger awards as well as 2 gold glove awards and in 2010 earned the World Series MVP award. In 1997, Colombian president Ernesto Samper presented Edgar with Colombia’s highest honor, the “San Carlos Cross of the Order of the Great Knight.” Today, he runs Team Renteria with his brother Edinson helping Colombian baseball by giving professional instruction to Colombian professional baseball players and holding youth clinics for amateurs. Michael Cummings, Chief Executive Officer, commented on the investment and acquisition saying, “We are very excited to partner up with the Renteria brothers from investment as well as them owning and operating a team in the AWBL. The partnership with the Renterias shows the strength and stability of AWBL and gives players from the United States and South America an opportunity that they may not otherwise have.” Embark Holidngs Releases Unaudited Financials PRESS RELEASE – Embark Holdings, Inc. releases the unaudited financials of the first 9 months of 2012 and will release year end financials next year during the 1st quarter. Income Statement January – September, 2012 Income Sales65,000.00 Total Income65,000.00 Gross Profit65,000.00 Expenses ——————- Advertising1,725.00 Auto464.17 Bank Charges549.02 Dues & Subscriptions228.95 Insurance665.55 Legal & Professional Fees477.10 License and Permits761.29 Office Expenses3,576.17 Payroll Expenses20,812.49 Rent or Lease of Buildings16,972.10 Shipping, Delivery Expense593.57 Stationery & Printing59.00 Supplies2,050.00 Travel3,947.82 Utilities567.18 ———- Total Expenses53,449.41 Net Operating Income11,550.59 Net Income11,550.59 ———- Balance Sheet As of September 30 2012 ASSETS ———————— Current Assets Bank Accounts 12 – BUSINESSSELECT CHKG (3303)-135.52 Total Bank Accounts-135.52 Accounts Receivable Accounts Receivable (A/R)35,000.00 Total Accounts Receivable35,000.00 Total Current Assets34,864.48 TOTAL ASSETS34,864.48 LIABILITIES AND EQUITY ———————— Liabilities Current Liabilities Accounts Payable Accounts Payable0.00 Total Accounts Payable0.00 Other Current Liabilities Loan Payable23,423.89 Total Other Current Liabilities23,423.89 Total Current Liabilities23,423.89 Total Liabilities23,423.89 Equity Opening Balance Equity-110.00 Retained Earnings Net Income11,550.59 Total Equity11,440.59 TOTAL LIABILITIES AND EQUITY34,864.48 Like Be the first to like this. 12 Comments Filed under Personnel & Operations, Uncategorized Tagged as American West Baseball League, AWBL, Columbia, Edgar Renteria, Edinson Renteria, Embark Holdings, Fullerton Flyers, Godfather Media, Independent Professional, Michael Cummings