Los Angeles, California, Jan. 22, 2014 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (OTCQB: EMBR) announced today that on January 18, 2014 the Company claimed Newfound Gold. Newfound Gold has won 6 times in his career for approximately $100,000 in total winnings. The Company claimed Newfound Gold for $20,000 out of the 3rd race at Santa Anita by winning a four way shake.
"We are excited to add Newfound Gold to our barn," said Joseph Wade, CEO of Embarr Downs. "This is our second claim in January and we are excited about the foundation we are building. We are headed in the right direction and we have taken another step towards our business plan of having 8-10 thoroughbreds by the end of June. In this regard, we are looking to claim another thoroughbred this month."
When the Company's new management took over in August of 2013, the initial focus was on the Company becoming a reporting company with the United States Securities and Exchange Commission. This was accomplished in November 2013. Since November, the Company has won its initial race, issued our initial dividend to the shareholders and increased the total size of the barn to 3 thoroughbreds with expectations of having 8-10 thoroughbreds by the end of June 2014. "The Company has taken tremendous steps in the past few months and continues to grow and execute on our growth plan," continued Joseph Wade, CEO of Embarr Downs, "we are expecting to claim one more thoroughbred in January and two more in February then in March we are expecting that we will be able to begin to acquire horses we believe can compete in allowance and stake level races."
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.