Los Angeles, California, Jan. 2, 2014 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (OTCQB: EMBR) announced today that Joseph Wade, Chief Executive Officer of Embarr Downs, Inc., intends to purchase shares using personal funds, up to $20,000, of the Company's stock in open market transactions from the date of this announcement through June 30, 2014, subject to the restrictions of and consistent with the Company's securities trading policy.
"I'm choosing to buy company shares reflecting the confidence I have in the long-term growth prospects of Embarr Downs," said Joseph Wade. "I too am a shareholder and will stay committed to increasing the value of our company for all shareholders as we execute our growth plan."
Under this plan, Mr. Wade may purchase up to $20,000 of the Company's common stock, subject to certain conditions. The timing and actual number of shares purchased will depend on a variety of factors including regulatory restrictions on price, manner, timing, and volume, corporate and other regulatory requirements and other market conditions in an effort to minimize the impact of the purchases on the market for the stock. There can be no assurance that any shares will be purchased either through plan or otherwise.
About Embarr Downs. The Company is engaged in the buying, selling and racing of thoroughbreds. The Company's focus is acquiring thoroughbreds that can race in the allowance and stakes level of thoroughbred racing; however, the Company will initially begin acquiring thoroughbreds in the claiming level of thoroughbred racing. More information can be found at www.embarrdowns.com Additional information can be found at www.embarrdowns.com and on our Facebook page https://www.facebook.com/embarrdowns and Twitter at https://twitter.com/EmbarrDowns.
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) 461-1471 www.embarrdowns.com
Embarr Downs, Inc.
Plano, Texas, UNITED STATES
Day's Range: 0.28-0.31
Previous Close: 0.30
Market Cap: 6,200
Day's Volume: 9,499