TORONTO, Sept. 11 /CNW/ - Baymount Incorporated (the Company or
"Baymount") (TSX Venture: BYM) announced today that the site mobilization for
the new Quinte Exhibition and Raceway in Belleville, Ontario, has commenced at
the Company's Bell Boulevard location.
"As promised, site mobilization for phase one is starting on schedule,"
said Graham Simmonds, President and CEO of Baymount Incorporated. "We are
committed to following our construction time table that will allow us to open
the first phase of our facility in the early 2010."
The Company, in partnership with the Ontario Lottery and Gaming
Corporation (OLG), held its groundbreaking ceremony on August 28th. Over 75
people attended the event including Belleville Mayor Neil Ellis, local MPP and
Minister of Agriculture Leona Dombrowsky, OLG Executive Director of Gaming,
Jerry Rozeluk, Ontario Racing Commission Chair Rod Seiling, and area horsemen.
The Company reports that more details will be forthcoming, however at
this point is excited to announce this progress. In addition to corporate
releases, the Company also reports that continued and more detailed
construction updates will be available via the New Q website, which is to be
launched later this month.
Baymount seeks out and develops opportunities within the horseracing
industry. It is the Baymount philosophy to create entertainment destinations
for consumers while providing our investors with a vehicle that allows them to
participate in the growth of Canadian gaming at racetracks.
Baymount Incorporated's wholly-owned subsidiary Belleville Racetrack
Development Corporation (BRDC) has an agreement with the Belleville
Agricultural Society to build a facility to relocate the Quinte Exhibition and
Raceway in Belleville, Ontario. QER is one of the 18 racetrack licenses in
Ontario eligible to participate in Ontario's Slots-at-Racetracks program. In
2006, the Alcohol and Gaming Commission of Ontario found BRDC suitable to act
as Landlord for the proposed OLG gaming premises to be located at the new QER.
The Company has also received Preliminary Approval for a License to Operate a
Racetrack from the Ontario Racing Commission.
ON BEHALF OF BAYMOUNT INCORPORATED
Graham Simmonds, President & Chief Executive Officer
For additional information please visit the company's website at
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This press release contains certain forward-looking statements with
respect to the Corporation. These forward-looking statements, by their nature,
involve risks and uncertainties that could cause actual results to differ
materially from those contemplated. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution the reader
that these assumptions regarding future events, many of which are beyond our
control, may ultimately prove to be incorrect.
For further information:
For further information: Baymount Incorporated: Mr. Graham Simmonds,
President and Chief Executive Officer, (416) 979-2881 Ext. 223, firstname.lastname@example.org