BARON CAPITAL HAS NEW MANAGEWMENT AND A NEW DIRECTION
New CEO has 30 years experience in Infrastructure Construction
Engelwood, FL -- April 25, 2017 -- InvestorsHub NewsWire -- Baron Capital Enterprises, Inc. (OTCPK: BCAP) is pleased to announce that its former sole officer and director Matthew Dwyer is gone and no longer involved with the company. Mr. Dwyer left the Company with no equity, options, warrants or Preferred shares.
The Company is moving into the infrastructure construction business. The new CEO Timmy Howard brings to over 35 years experience in the construction of water distribution systems, sewer collection systems, water and wastewater treatment plants as well as, private commercial building and public infrastructure projects. Before founding Southern, Tim was the Chief Estimator and Operations Director for General Contracting Services, Inc. as well as a business consultant, advising various infrastructure contractors on operations, estimating and project supervision.
Tim began his career with Citibank in 1978 and worked for them as a Special Projects Manager and Engineering Designer for over 15 years. After Citibank, Tim founded Reeds Excavating and was a Partner in a low-rise condominium development project in Placida, Florida.
Mr. Howard worked for the County of Charlotte Florida for several years, before entering back into the private sector. The County has multiple projects planned and in process, including a 10 phase $250 million sewer expansion it has been working on, of which most of the $250 is still available to be bid on. Mr. Howards experience is in a specialty field that is in high demand in the industry.
Mr. Howard has established a stellar reputation for getting jobs done on time and on or under budget. Over the last 3 years Mr. Howard has consulted for companies on the West Coast of Florida on jobs that represented over $35 million in bid contracts.
Facts on Florida infrastructure construction:
- 122,659 miles of public roads, with 11% in poor condition
- $16.5 billion in drinking water infrastructure needs over 20 years
- $18.4 billion in wastewater infrastructure needs over 20 years
- Florida is growing at 1,000 residents per day
- Florida annual infrastructure spending (county + state + local) = +/- $18.0 billion
- FDOT 2017 is $4.0 billion for roadway, bridge and safety infrastructure projects
- County + Local infrastructure spending is $14.0+ billion in 2017
The Company is filing for a new ticker and name change within days, at which time its website will launched.
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.