BEVERLY HILLS GROUP, INC. ANNOUNCES 8-K FILING
and
COMPLETION OF FIRST ACQUISITION
BEVERLY HILLS, CA, April 20, 2016 -- On April 18, 2016, Beverly Hills Group Inc.: BHGI:(OTC.PK) filed an 8-K announcing the acquisition of Operadora de Servicios GRM (Operadora), a part of the Grupo International Richard conglomerate.
Operadora’s business is retail management and wholesale distribution. They have worked with companies like Grupo Modelo and Heineken. Full details of the acquisition may be found within the Company's 8-K filing at: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11322249
On August 12, 2015 BHGI announced an agreement with a private company to acquire various subsidiaries with operations in retail stores, wholesale distribution, construction, real estate development, and banking/financial services.
The completion of the Operadora acquisition now paves the way for BHGI’s second acquisition, which is nearing the completion phase.
This second acquisition is a construction company which has many years of experience with remodeling and building retail stores. This company has worked with Grupo Modelo, an AB-InBev Company (Anheuser Busch), on the re-branding of Modelorama stores to Corona stores as well as infrastructure projects with the Mexican Government and other private companies.
We are very excited about the future of BHGI, and have several additional acquisitions that are currently underway.
I would like to personally thank all our shareholders for their continued support.
Jacob Thomas
Chairman of the Board
Beverly Hills Group, Inc.
FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking statements. Words, and variations of words such as "expect," "goals," "plans," "believe," continue," "may," "will," and similar expressions are intended to identify our forward-looking statements, including but not limited to, our expectation for growth; benefits from brand-building; cost savings; growth and margins.These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to, continued volatility of, and sharp increase in, costs, pricing actions, increased competition, risks from operating internationally, continued consumer weakness, weakness in economic conditions and tax law changes.