Business
Beverly Hills Group Announces Integral Acquisitions Bringing BHGI to the Forefront of Several Major Industries
Beverly Hills Group Announces Integral Acquisitions Bringing BHGI to the Forefront of Several Major Industries.
About this update from Full Alliance Group, Inc.
[{"type":"text","content":"\n\n\n\nBeverly Hills Group Announces Integral Acquisitions Bringing BHGI to the Forefront of Several Major Industries\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBeverly Hills Group Announces Integral Acquisitions Bringing BHGI to the Forefront of Several Major Industries\nPR Newswire\nBEVERLY HILLS, Calif., Aug. 12, 2015\n\n\n\nBEVERLY HILLS, Calif., Aug. 12, 2015 /PRNewswire/ -- Beverly Hills Group, Inc. (OTC PK: BHGI), is pleased to announce it has entered into an agreement to acquire a private Company with various subsidiaries having diverse operations in retail stores, wholesale distribution, construction, real estate development, banking and financial services throughout Mexico. \n\nThese established Mexican corporations for fiscal year ending December 31st, 2014 had gross sales of approximately US$ 4.75 million with roughly US$35 million in Real Estate assets. The Company currently does business with AB-InBev (Bud Light and Corona) in their different business units.  The corporations to be acquired were founded as early as 2005 and others as recently as 2014, with approximately 150 full-time employees.\n\nThe acquisitions, as currently negotiated, will be determined after a thorough financial audit, legal due diligence and based on Fair Market Valuation.\n\nThe Company's retail and construction subsidiaries signed important agreements with Grupo Modelo's retail division, an AB-InBev company. The construction subsidiary is responsible for remodeling current retail stores in their efforts to change the branding of Modelorama to Corona stores, as well to build from ground up Grupo Modelo's new concept of retail stores with Bud Light brand, a much bigger convenience store than their current Modelorama / Corona model. The retail subsidiary also obtained the concession to operate the Modelorama / Corona stores, as well as owning and operating larger convenience stores under AB-InBev's (Grupo Modelo) Bud Light model. \n\nIn July 2014, the Company's financial services subsidiary launched its operations with an electronic payment system with Point of Sa...