Los Angeles, California, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (OTC: EMBR) announced today that its name change and symbol change went effective on September 9, 2013. Additinally, the reverse merger with Embarr Downs of California was completed on August 31, 2013. The Company's new ticker symbol is EMBR. The Company's current outstanding share count is 3,914,193,692 Common Shares issued and outstanding. This share count reflects the stock issued as part of the reverse merger with Embarr Downs of Caliofnria.
The Company is currently completing its audit in anticipation of filing a Form 10 with the United States Securities and Exchange Commission in September 2013; thereby, upgrading the Company to the OTCQB tier.
About Globalgroup Investment Holdings. 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.
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.