Beverly Hills, CA., August 3, 2015 – Beverly Hills Group Inc., (OTC PK: BHGI) Beverly Hills Group Inc., 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.
Share liquidity will be enhanced by recently granted DWAC ability, which facilitates electronic transfer of shares. DWAC eligibility approval followed our successful 15c211 filing with the Financial Industry Regulatory Authority (FINRA). DWAC is a method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghouse for settling trades. The Deposit/Withdrawal At Custodian (DWAC) allows investors to hold securities in registered form on the books of the transfer agent, rather than in physical form.
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.