Blue Earth Resources Inc (BERI)

[adijas]

For the past few years, the issuer was engaged in the acquisition, development and production of oil and natural gas interests, but was unable to experience profitable operations, especially after the huge drop in petroleum prices in 2014-2015. Consequently,the issuer sold its oil and gas interests, leases and properties during the past couple years, and in 2015 restructured its business strategy toward acquiring a company or business perceived to have high growth potential. This business strategy resulted in the issuer’s recent acquisition of JGK Consulting Group, Inc. of Magnolia TX in April, 2016, which was owned by the current CEO of the issuer prior to the acquisition. This acquisition resulted in the issuer becoming the 51% owner of two developing business concepts, Hotties Sports Bar & Grill restaurants, and a line of industrial and commercial cleaning products to be later developed and sold under a subsidiary or division of the issuer known as Blue Earth Cleaners. The issuer will not commit any material financial or management resources to its Blue Earth Cleaners concept until it has opened and experienced positive cash flows from its first Hotties restaurants to be opened in Austin and suburban Houston, Texas. Assuming the successful opening of the first two Hotties restaurants, the issuer intends then promptly target various high-growth cities in Texas and other states to market its Hotties restaurant concept as a franchise opportunity, much like Buffalo Wild Wings, Applebees, and other such franchised casual dining restaurant concepts.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=156009