Embarr Downs Announces Corporate Update

Los Angeles, California, Sept. 22, 2013 (GLOBE NEWSWIRE) -- Embarr Downs, Inc. (OTC: EMBR) annouces that today the companyreleased a letter to shareholders from its Chief ExecutiveOfficer.

Dear Shareholder,

As you may or may not be aware, Embarr Downs,Inc. recently completed a reverse merger whereby the Company's namewas changed from Globalgroup Investment Holdings to Embarr Downsand the Company's ticker was change from GIHI to EMBR.  As part of the reverse merger, the Company began the process offiling a Form 10 with the United Stated Securities and ExchangeCommission. The Company filed the Form 10 with the SEC on September18, 2013.  As part of the Form 10 process, the Company'smanagement set forth its long term goals. While reviewing theselong-term goals and the capital requirements for this growth, theCompany determined that the current capital structure created bythe previous management was not ideal. As part of thisrestructuring plan, the Company decided to change the currentcapital structure by reversing the Company's common stock by aratio of 50,000 to 1 and to reduce the authorized number of commonshares from 4.45 Billion to 500 Million. These steps were necessaryfor the company to establish a sustainable and defensible capitalstructure that will help give Embarr the long-term credibilityneeded in the market.

As part of the reverse split, the Company willissue to shareholders of record immediately prior to the reverseSeries B Preferred Stock, with a face value of $1.00.  Eachshareholder shall receive 1 share of Series B Preferred Stock foreach 2,500 common shares owned (for an effective price of $.0004per common share or 100% increase from the closing market price onSeptember 20, 2013).  Any fractional shares shall be roundedup.  For illustrative purposes only, the following table showsthe number of shares a common stock holder would receive of ourSeries B Preferred Stock.
Common Shares Owned Conversion Ratio Number of PreferredShares
1,000,000 0.0004 400
2,500,000 0.0004 1,000
5,000,000 0.0004 2,000
7,500,000 0.0004 3,000
10,000,000 0.0004 4,000
15,000,000 0.0004 6,000
20,000,000 0.0004 8,000

The Preferred Stock shall be mandatorilyconverted by the Company no later that August 31, 2018.  Theconversion ratio shall be equal to $1.00 divided by the closingmarket price on the date of conversion. 

For illustrative purposes only, the following table shows thenumber of shares of our common stock that a holder of our Series BPreferred Stock would receive upon conversion of one share ofSeries B Preferred Stock at various applicable market values forour common stock. 

Stated Value of Series B PreferredStock Market Value of CommonStock Number of shares of Common Stock tobe Issued
$1.00 $0.05 20
$1.00 $0.10 10
$1.00 $0.15 7
$1.00 $0.20 5
$1.00 $0.25 4
$1.00 $0.30 3
$1.00 $0.35 3
$1.00 $0.40 3
$1.00 $0.45 2
$1.00 $0.50 2
$1.00 $0.75 1
$1.00 $1.00 1

Management has a long-range plan to build acompany based on fundamentals and bring real value to ourshareholders. We know many of you have heard this before and we donot expect anyone to take my word for it. But in the coming months,you will see that our actions will reflect our statedintentions.

We fully understand the frustration that ourremaining shareholders may have with the change in direction, butit was inevitable because of the failed strategies of the past. Inthe coming months, the Company will endeavor to keep ourshareholders informed of our progress in deploying the Company'sbusiness plan and strategies.

About Embarr Downs.  TheCompany is engaged in the buying, selling and racing ofthoroughbreds.  The Company's focus is acquiring thoroughbredsthat can race in the allowance and stakes level of thoroughbredracing; however, the Company will initially begin acquiringthoroughbreds in the claiming level of thoroughbredracing. 

Notice Regarding Forward-LookingStatements in this press release which are not purelyhistorical are forward-looking statements and include anystatements regarding beliefs, plans, expectations or intentionsregarding the future. Actual results could differ from thoseprojected in any forward-looking statements due to numerousfactors. These forward-looking statements are made as of the dateof this news release, and we assume no obligation to update theforward-looking statements, or to update the reasons why actualresults could differ from those projected in the forward-lookingstatements. Although we believe that any beliefs, plans,expectations and intentions contained in this press release arereasonable, there can be no assurance that any such beliefs, plans,expectations or intentions will prove to be accurate. 
CONTACT: Contacts:         Embarr Downs., Inc.         Joseph Wade         (949) 461-1471         info@embarrdowns.com         www.embarrdowns.com

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