Embarr Downs Announces That W+B Partners Has Been Retained By New Client
LOS ANGELES--(BUSINESS WIRE)--Embarr Downs, Inc. (OTCQB: EMBR) announced that its subsidiary W+B Partners has been retained by a new client to acquire a shell and provide consulting services after the reverse merger. W+B Partners will be compensated $100,000 plus a 4.9% position in the Company. W+B Partners has received $50,000 cash and a note payable for the remaining $50,000. The 4.9% stake is through a Preferred Stock issuance that may not be converted into Common Stock for 12 months. W+B Partners acquired an additional 4.5% bring the Company’s total ownership to 9.4%.
About Embarr Downs. The Company is a holding company that operates through its subsidiaries Embarr Downs of California, SouthCorp Capital, W+B Partners and Tren TV.
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