Baymount Incorporated

Baymount Incorporated

October 17, 2014 18:00 ET

Baymount Appoints New President & Chief Investment Officer

TORONTO, ONTARIO--(Marketwired - Oct. 17, 2014) - Baymount Incorporated ("Baymount" or the "Company") (NEX:BYM.H) announced today that Mr. Ashish Kapoor, CPA, CA, CFA has joined Baymount as President and Chief Investment Officer. Mr. Kapoor brings a strong track record of success to the Company with over 12 years of experience in investment banking and corporate advisory services to clients in the Canadian telecom, media, entertainment and technology sectors. Mr. Kapoor will be essential in overseeing the day to day operations of the Company while establishing a long term investment mandate as we seek to invest in new opportunities within the horse racing, gaming and technology industries to develop and execute on a clear path to growth and profitability.

"We are extremely excited to have Mr. Kapoor join Baymount," stated Mr. Simmonds, CEO of Baymount. He continued, "Mr. Kapoor brings a truly unique set of skills to the Company where his experience with and exposure to numerous business models in the gaming and technology space will be instrumental going forward."

About Baymount

Baymount seeks out and develops investment opportunities within the horse racing, gaming and technology industries. Due to significant changes to government gaming policy within the Province of Ontario, Baymount is no longer focused on developing its horse racing and slots facility in Belleville, Ontario. The Company is currently evaluating a number of new business opportunities.


Graham Simmonds, Chief Executive Officer

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Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Company. 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.

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