Beverly Hills Group, Inc. (BHGI) Shareholder Update / Letter from the Chairman of the Board
May 04 2016 - 09:15AM
InvestorsHub NewsWire
Beverly Hills
Group, Inc. (BHGI) Shareholder Update / Letter from the Chairman of
the Board
BEVERLY HILLS GROUP, INC.
Shareholder Update / Letter from The Chairman of the
Board
BEVERLY HILLS, CA -- May 4, 2016 -- InvestorsHub NewsWire --
Beverly Hills Group, Inc. (OTCPK:
BHGI), Issues This Shareholder Update:
To All BHGI Shareholders:
This a follow up to our last Shareholder Update from a month ago,
which discussed the filing of the 2013 and 2014 audited financials
with year 2015 expected in the near future.
At that time, we stated that one of our goals as a Board of
Directors was to increase company communications, which is why we
hope to publish regular Shareholder Letters moving
forward.
Since our last letter from April 8, 2016, BHGI hit its first
acquisition milestone, Operadora de Servicios, which is one
of several arms of the conglomerate Grupo International Richard.
This is an exciting first acquisition, as Operadora has both
retail management and wholesale distribution arms and agreements
with Grupo Modelo/AB-InBev and Heineken.
The second planned acquisition will become BHGI’s construction
asset, with experience in remodeling and building retail stores.
As was the case with Operadora, this construction asset has
ties with Grupo Modelo/AB-InBev. In addition to retail
construction, this asset has been in discussions with the Mexican
Government to participate in various infrastructure
projects.
We then announced details regarding the third acquisition: On
Comercio. We are particularly excited about this asset, as
third-party analysis projects $42M in revenue within a couple of
years. Applying standard valuation to these projections, and
conservative expansion of the footprint, management expects this
asset to reach a valuation in the $100s of millions, and
potentially in excess of $1B.
We hope to be able to make several more exciting announcements
shortly and we appreciate your patience. As mentioned in the
last letter, we expect to acquire a fourth asset and will provide
additional details as we get closer to the final stage.
In summary, as shareholders, let us not lose sight of the fact that
BHGI continues to move forward acquiring assets. This is a
tremendous company which will only continue to get stronger in the
coming months. We will continue to keep you all updated, and
welcome any feedback you may have as we continue our growth,
progress and goal of uplisting to a higher exchange.
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", “could”, "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 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, consumer weakness, weakness in economic conditions
and tax law changes.
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via
the OTC Disclosure and News Service. Issuers of news releases and
not OTC Markets Group Inc. are solely responsible for the accuracy
of such news releases.
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