The Company to hire counsel to remove the DTC Chill
Englewood, FL -- May 15, 2017 -- InvestorsHub NewsWire -- Baron
Capital Enterprise, Inc.. (OTCPK: BCAP) is hiring counsel to assist
the Company in the removal of the DTC Chill imposed against the
Company in 2013. The Chill removal will assist the market in adding
additional liquidity from investors that cannot purchase shares in
the market with the chill.
Southern Contracting earns money several ways: Commercial
Vehicle & Diesel Repair, Consulting, and Bid Projects.
Commercial Vehicle & Diesel Repair Will earn the Company
some money with minimal overhead. This part of the Company business
will not fill the coffers with a lot of cash, but it will keep the
Company in touch with General Contractors that can use Southern
Contractings services. This part of the business is more of a lead
generator.
Consulting This part of the business will not only generate
consulting fees, but will give the ability to takeover projects
other companies bid on that they do not have the ability to
complete. Normally our CEO would oversee these projects for the
General Contractors for a fee, but Southern Contracting will
instead take over this part of the project work from the General
Contractor, acting as a Sub-Contractor. Southern Contracting is in
a unique position, because of the 35 years of experience and the
reputation of our CEO always finishing a job, that we are able to
piggy back off the General Contractors Bond saving the company
money from not having to go get our own Bond. There are multiple
millions of dollars a year to be earned by being a specialized
Sub-Contractor for infrastructure work on the West Coast of
Florida.
Bid Projects This will be the main driver of revenue for the
Company. Southern Contracting is extremely experienced in bid
writing for full and partial projects. Sometimes we will joint
venture on projects with other companies and just handle the
infrastructure part of the bid. Charlotte Country alone has over
$250 million in Bid Projects to be completed over the next 5-7
years and the State of Florida has close to $50 Billion in Bid
Projects that need to be completed. To help keep costs low,
Southern Contracting will use Bond programs which our CEO will need
to personally guarantee.
Southern Contracting operates very conservatively, for example,
the Company only leases equipment it needs for each specific job,
then returns them at the end of the job. This process reduces the
cost of carrying debt on the books and paying for equipment not
being used all the time. Another benefit of leasing, is if a piece
of equipment breaks or needs maintenance, the Company simply makes
a call and gets a new piece of equipment at no additional cost to
the Company.
I have worked in this business for over 35 years and have either
owned or been a partner in several companies that have successfully
completed work across Florida. Rather than form a new entity and go
through a stock swap, I assumed control of BCAP and brought in my
experience and projects directly as a clean transaction, describes
our CEO.
Once the name change has been completed by FINRA, Southern
Contracting will begin executing its business plan for Consulting
work and Bid Projects. The Company has been pounding the pavement
to setup some Sub-Contracting work to begin once the name change is
official. We cannot accept work under Southern Contracting until
that time and do not want to accept any under BCAP.
Projects are ready to be signed during this quarter.
Forward Looking Statement:
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:
Timmy Howard
941-445-6000
www.southerncontractinginc.com
ir@southerncontractinginc.com
