BHGI Shareholder Update
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.
Jacob Thomas
Chairman of the Board
Beverly Hills Group, Inc.
