Beverly Hills Group, Inc., Announces Complete Resolution of Litigation

 

BEVERLY HILLS, CA -- August 25, 2016 -- InvestorsHub NewsWire -- Beverly Hills Group Inc. (OTCPK: BHGI) is pleased to announce the Mikkin’s have withdrawn all claims against the company and all defendants, in their entirety, and have signed new lock-up / leak-out agreements restricting the sale of their shares of company stock.

These critical events, in addition to BHGI’s earlier settlement and new lock-up / leak-out agreements with Ahmad Arfaania et al, will now free the company from these legal encumbrances.  The new lock-up / leak-out agreements also provides an important safeguard for shareholders.

BHGI can now proceed as planned with the financing and corporate actions necessary to complete the acquisitions of the businesses and assets from Grupo Richard, and will be focusing on developing the company’s diverse business opportunities.

 
Sincerely I remain,
Jacob Thomas
Chairman of the Board

Beverly Hills Group, Inc.


 
ABOUT BEVERLY HILLS GROUP
Beverly Hills Group, Inc. is a multi-faceted company, with current diverse investments in Mexico. These investments consist of retail convenience stores, wholesale distribution, construction, real estate development, banking and financial services. Our objective is to grow through strategic acquisitions, and to focus on increasing consumer awareness and demand in the Mexican and Latin American markets. Once these strategic acquisitions are procured and integrated, Beverly Hills Group will provide investment capital, preeminent modern business practices and best-in-class management, allowing these companies to grow to their greatest potential.

 
FORWARD-LOOKING STATEMENTS
This press release 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.
 
 

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