$EMBR HUGE NEWS OUT !! Embarr Downs Announces It Has Expanded Its Operations to Arizona Los Angeles, California, March 17, 2014 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (EMBR) announced today that it has filed its license application with the Arizona Department of Racing to expand its operations to Arizona. The fact that we have only been operating for less than 3 months and achieved our initial milestones provides us with a foundation which we can expand into Arizona, stated Joseph Wade, CEO of Embarr Downs, Inc. We were able to expand the number of thoroughbreds to 3 and start in 5 races and now we are taking the next step up in race class and begun paying an annual dividend of $.001 per share to our shareholders. Our next goal is to expand to 5-6 thoroughbreds and acquire a thoroughbred that is capable of competing in stakes races. The line of credit we have established allows us to fund the acquisition of these thoroughbreds without the need to issue a single share of common stock. We have a 2 year plan (which we are 3 months into) to have 15-20 thoroughbreds racing for us and to have 5-10 broodmares in our breeding division. The Company expects to have its first race in Arizona on March 24, 2014. CLICK HERE FOR FULL STORY AND MUST READ DISCLAIMER icontact-archive/S0pZqnVS3YS_-7xs7YnPE9nniveGmQb3?w=3
Posted on: Mon, 17 Mar 2014 13:04:04 +0000
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