The Company Begins 2 Projects and Bids on More
Venice, FL -- October 10, 2017 -- InvestorsHub NewsWire -- Baron
Capital Enterprise, Inc. (OTCPK:
BCAP) through its wholly owned subsidiary Southern Contracting
has landed 2 private construction management projects in the State
of Florida. The Company will be the contract administrator for a
multi-story office building and a retail strip shopping center on
the east coast.
In addition to these projects, Southern Contracting is exploring
cleanup and rebuilding contracts available from FEMA due to
hurricanes Harvey and Irma. All FEMA contracts are federally funded
and new contracts will continue to be available for the next 18-24
months.
Civil infrastructure projects located throughout the State of
Florida is the next phase after Southern Construction has generated
revenue from its initial 2 management jobs. The recent hurricanes
have not affected the hundreds of billions of dollars of work to be
completed in the next 5-7 years in Florida. With all the
reconstruction work created from damage caused by the Hurricanes,
there is likely to be less competition for the Civil Projects. The
Civil infrastructure projects are preferred over the FEMA projects
due to the earlier payment schedule and less bureaucracy.
"The growth potential remains high for the Company and I am
excited at the new opportunities which have come available for
Southern Contracting in the last 6 months," says CEO, Timmy
Howard.
As a result of the restriction of utility services and other
damage to the existing infrastructure, Southern Contracting has
moved out from its rented office/warehouse in Englewood. Due to the
travel time between the 2 private projects and FEMA opportunities,
the Company has decided to utilize a virtual office and mail box
during the next few months.
Last month Baron Capital rescinded its application for a name
change, ticker change and reserve stock split. The Company has set
up a subsidiary in order to get the proper bonding and insurance
coverages need to effectively complete its business objectives.
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
