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Last month Baron Capital rescinded its application for a name change, ticker change and reserve stock split.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


 

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