Embarr Downs Announces That It Closes on Acquisition and Sale of Company For its Client
September 03 2014 - 9:00AM
Business Wire
Embarr Downs, Inc. - (OTCQB: EMBR) announced that its subsidiary
W+B Partners has closed on the acquisition and sale of Quantech
Electronics Corp (QTHE). W+B Partners had been retained by Signal
Bay to obtain a shell for a reverse merger. W+B Partners acquired
and sold Quantech Electronics to Signal Bay. Signal Bay provides
market research reports to its clients in various fields.
W+B Partners was compensated $100,000 plus a 4.9% position in
the Company. W+B Partners received $50,000 cash and a note payable
for the remaining $50,000. The 4.9% stake is through a Preferred
Stock issuance that may not be converted into Common Stock for 12
months. W+B Partners acquired an additional 4.5% to bring the
Company’s total ownership to 9.4%.
Additional Acquisitions: W+B
Partners has begun negotiations with majority shareholders of 10
different companies to acquire their majority interest in the
public companies. These companies will be used as operating
subsidiaries of Embarr Downs or for clients of W+B Partners.
About Embarr Downs. The
Company is a holding company that operates through its
subsidiaries, Embarr Downs of California, SouthCorp Capital, W+B
Partners and Tren TV.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contacts:Embarr Downs, Inc.Joseph Wade(949)
461-1471info@embarrdowns.comwww.embarrdowns.com
Embarr Downs, Inc.Joseph Wade,
949-461-1471info@embarrdowns.comwww.embarrdowns.com
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