Beverly Hills Group Inc
Beverly Hills Group Inc has released news that they are expanding into the growing Latin America Market.
These are the industries they are entering:
Banking and Financial Services
Real Estate Development BHGI is also one of the Very Few companies that has come off the Grey Sheets.
Current OTCM Tier Level: Current
Flagship Acquisition: On-Comercio
On-Comercio is the premier acquisition from Grupo Richard. It is a niche banking company that puts Tablet Point of Sale terminals in convenience stores. This provides customers with banking/credit card services, domestic/international shipping services and inventory management/ordering services. In addition, these PoS units can be used to pay tax and utility bills.
$BHGI earns a percenntage of each transaction.
The first order of some 600 tablets is currently being installed, and the company expects revenues to hit the books shortly.
Apr 18, 2016: 8K Filed:
BHGI Completes First Acquisition.
BEVERLY HILLS, Calif., April 18, 2016-- Beverly Hills Group, Inc. (OTC: BHGI:PK), is pleased to announce it has completed the first of its planned acquisitions: Operadora de Servicios GRM.
Operadora de Servicios GRM (Operadora), a part of the conglomerate Grupo Richard, has its business focus in retail operations and wholesale distribution for organizations including Grupo Modelo and Heineken.
Operadora was incorporated in 2013 and by 2015 was operating 32 Modelorama, Bud Light and Tecate branded convenience stores, and managing over 200 employees. Apr 8, 2016:
BEVERLY HILLS, California, April 8, 2016-- Beverly Hills Group, Inc. (OTCPK: BHGI), Issues This Shareholder Update:
To All BHGI Shareholders:
This a follow up to our 8K filing on Monday April 4th, 2016, in which we announced the filing of Beverly Hills Group, Inc.’s (BHGI) 2013 and 2014 audited financials, it is my pleasure to inform you of our progress and the positive steps BHGI has taken to improve shareholder value.
Beverly Hills Group Inc. is a holding company which is focused on economic growth in Mexico and will provide investors a unique exposure to this growth. Mexico is a major beneficiary of unexpected economic expansion in the U.S. and is benefiting from reforms made by the government of President Enrique Peña Nieto. Since his election in 2012, President Nieto’s administration has concentrated on economic liberalization and reform. The most dramatic reform, among several, was the opening of the energy sector in Mexico to foreign investments.
On July 6, 2015 BHGI, then a Grey Sheet company, announced FINRA approval of their 15c211 filing, which cleared the way for the Pink Sheet “Current” uplist.
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, banking, sand and gravel mining and financial services.
During 2015, BHGI engaged BDO International to audit the Mexican corporations and subsidiaries as well as Procopio Cory Hargreaves & Savitch as their International corporate law firm to assist with the finalization of the acquisitions.
I realize the past few months have been challenging to shareholders because of limited communication. Rest assured, we have been working diligently and very hard behind the scenes. Due to events out of our control, our shareholder communications temporarily came to a halt. That all changes, here and now.
Communication with our shareholders is very important to me and to our Board of Directors. Therefore, from now on we will communicate our progress every step of the way. BHGI expects to communicate some very exciting news regarding acquisitions, which will be released as soon as possible.
Now that BHGI has completed financial audited statements for the years 2013 and 2014, and with 2015 nearly complete, the Company will also continue its efforts at becoming fully compliant. This milestone clears the way for BHGI to uplist to an OTCQB/QX tier status.
The Company would like to thank all current shareholders for their loyalty. We are making every effort to increase shareholder value. Moving forward, shareholders can anticipate assets being acquired and moving into BHGI. Four acquisitions are in progress, with one in the final stages of completion.
It has been a long and winding road. During the last 2 years, the Company has expended an enormous amount of time, effort and resources to get to this point. I thank you for your continued patience and support and look forward to the exciting days ahead.
Chairman of the Board
Beverly Hills Group, Inc. Apr 1, 2016:
Audited Financials filed at OTCMarkets: http://www.otcmarkets.com/financialReportViewer?symbol=BHGI&id=152470 Dec 15, 2015:
Ahmad Arfaania has been ordered/restrained by a Court to cease selling PIPE shares bought at discount. Apparently this selling has dropped the stock from .80 to .20 area currently.
Hopefully the cessation of this selling will allow the stock to reach higher levels.
BEVERLY HILLS, Calif., Dec. 15, 2015 /PRNewswire/ -- On December 14, 2015, the Superior Court of the State of California, in and for the County of San Diego, granted in total, without modification or revision, the Order on Ex Parte Application for Temporary Restraining Order and Order to Show Cause filed by Beverly Hills Group, Inc. (BHGI) and a shareholder against defendant Ahmad Arfaania, an individual, and defendant N.A. Fam LLC, a California Limited Liability Corporation.
The Court has temporarily restrained and enjoined and further ordered defendant Ahmad Arfaania and/or defendant N.A. Fam LLC in the following manner:
From engaging in, from taking any further action in privately or publically, or any combination thereof, selling, trading, naked shorting, shorting, transferring or encumbering, in any way or manner, stock in plaintiff Beverly Hills Group, Inc.;
From Privately or publically, or any combination thereof, selling, trading, naked shorting, shorting, transferring or encumbering, in any way or manner, stock in plaintiff Beverly Hills Group, Inc.;
Read more: http://finance.yahoo.com/news/beverly-hills-group-granted-order-142800340.html Sep 24, 2015:
Beverly Hills Group Signs Major Investment Banking
Agreement for Financing of up to $10,000,000
PR Newswire "Press Releases US - English"
BEVERLY HILLS, Calif. , Sept. 24, 2015 /PRNewswire/ -- Beverly Hills Group Inc. (OTCPK: BHGI)has signed an investment banking agreement with a leading prestigious New York -based investment banking firm
to assist in raising capital. The investment banking firm was founded in 1925
, is one of the oldest in the United States , a member of the New York Stock Exchange
, and a full service broker-dealer. The firm manages two Morningstar rated funds with over $2.8 billion dollars of retail accounts
, nearly 100 registered representatives and 20 investment advisors in six different offices. Pursuant to the terms of the agreement signed on September 17, 2015 , they will act as the exclusive financial advisor to Beverly Hills Group Inc. as it relates to general corporate financing, financial advisory services and financing of up to $10,000,000.00
BHGI Chief Operating Officer Juan Francisco De La Lama states, "We retained the services of this particular established and renowned financial advisory firm because of their investment banking team's extensive experience in Latin America and Mexico . We believe that they can acquire the necessary funding to fully initiate our programs and move forward in an expeditious manner to aggressively implement our construction, retail and banking interest in not only Mexico but throughout all of Latin America ." Aug 19, 2015:
Beverly Hills Group Announces Engagement of International Business Services Conglomerate BDO
BEVERLY HILLS, Calif., Aug. 19, 2015 /PRNewswire/ -- Beverly Hills Group Inc. (BHGI) announces that the international accounting network of BDO Castillo Miranda has been retained to conduct a GAAP audit
of Beverly Hills Group's recent acquisitions
in Mexico. Those acquisitions include established corporations with ongoing operations in the fields of retail convenience stores, wholesale distribution, construction, real estate development, banking and financial services
, with a combined reported 2014 gross sales of USD $4.75 million and Real Estate assets estimated at USD $35 million. The contractual arrangement with BDO Castillo Miranda will include auditing and confirming the reported sales and assets of each of the acquisitions.
Beverly Hills Group is extremely pleased that it is progressing so rapidly in auditing, confirming and incorporating its recent multiple acquisitions in Mexico. With the retaining of the international power-house BDO Castillo Miranda, a member in good standing of BDO International, to perform an in-depth audit to GAAP standards, Beverly Hills Group is adding confirmed assets
to its portfolio while increasing shareholder value. The Company is looking forward to announcing further developments as it moves forward with its strategic international movement into the ever-growing Latin American marketplace."
ABOUT BDO INTERNATIONAL
BDO Castillo Miranda, established in 1943
, is a member firm of BDO International, the world's fifth largest accounting network
, with 1,328 offices in 152 countries
. BDO had 2014 revenue of more than 7.02 billion dollars
. They provide a strong presence in Mexico, professional auditing services, Tax Advisory, Financial Control (outsourcing), Risk Consulting, Corporate finance; Information Technology and Foreign Trade and Customs. BDO was founded in 1963 as a result of the merger of firms from the United Kingdom, Holland, Germany, United States and Canada.
ABOUT BEVERLY HILLS GROUP
Beverly Hills Group Inc. is a multi-faceted company with current diverse investments in Mexico, including retail convenience stores, wholesale distribution, construction, real estate development, banking and financial services
. Its objective is to grow through strategic acquisitions
, focusing first on the increasing consumer awareness and demand in the Mexican and Latin American markets. Once these strategic acquisitions are procured and integrated into the long term objectives of the company, Beverly Hills Group will provide investment capital, preeminent modern business practices and best-in-class management to cultivate and mature these companies to their greatest potential. Aug. 12, 2015:
BEVERLY 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.
These 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 Anheuser-Busch-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.
The acquisitions, as currently negotiated, will be determined after a thorough financial audit, legal due diligence and based on Fair Market Valuation.
The 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.
In July 2014, the Company's financial services subsidiary launched its operations with an electronic payment system with Point of Sales (PoS) technology called Comercio ON which provides financial services to a niche retail market in Mexico with merchant services including; credit and debit card transactions, utilities, government and telecommunications payments, shipping and other services. This program is backed and supported by the Mexican State governments, Secretary of Economy and local Mexican authorities, giving us a competitive advantage.
The proposed acquisition of this Company represents the next step in Beverly Hills Group's strategy to become a leading Emerging Market Company. With the current strategy the Company can be positioned to grow into one of the leading retail providers and suppliers throughout Mexico. BHGI will continue to use mergers and acquisition as a primary tool to grow our business throughout Latin America markets. http://www.prnewswire.com/news-releases/beverly-hills-group-announces-integral-acquisitions-bringing-bhgi-to-the-forefront-of-several-major-industries-300127370.html Aug. 4, 2015:
BEVERLY HILLS, Calif., Aug. 4, 2015 /PRNewswire/ -- Beverly Hills Group Inc. (OTC PK: BHGI) is pleased to announce that its Board of Directors has unanimously approved a change of business strategy. BHGI will focus on the recent economic growth in Latin America markets. The Company will be looking to gain presence across multiple industries including but not limited to retail construction, retail sales, wholesale distribution, banking and financial services, mining and real estate development. BHGI will provide investment capital, best practices and best in class management to grow the Company to its full potential. http://finance.yahoo.com/news/beverly-hills-group-inc-pivots-130800233.html
Accounting Firm: BDO International
Share Structure (From Transfer Agent 6-15-16)
Authorized: 300M Future Picture of BHGI Longs
Float: 31.2M (73% on LeakOut agreements, and much of it not even deposited yet)
Actual Shares Trading (From official report): 13.88M