News

February 21, 2017

Beverly Hills Group, Inc. Announces Agreement to Acquire DiMora Pods

BEVERLY HILLS, CA — February 21, 2017 — InvestorsHub NewsWire — Beverly Hills Group, Inc. (OTCPK: BHGI) is pleased to announce that it has entered into an agreement to acquire DiMora Pods, Inc., a manufacturer and distributor of customizable, state of the art, modular hydroponic systems, based in Palm Springs, California.

This acquisition will be the first transaction of BHGI’s newly formed agricultural arm.
DiMora Pods Inc.’s current focus is partnering with existing grow operations of Native American tribes specializing in growing hemp for the extraction of medicinal CBD oil on sovereign tribal lands.

DiMora Pods, founded by Sir Alfred J. DiMora and Christopher Tefft, is currently at the forefront of the grow-pods industry by providing turnkey, state-of-the-art, “smart pods,” that allow growers and farmers the fastest, most efficient way to launch or expand operations.
The pods act as a controlled biodynamic environment, that provides the optimal waterproofed, pest resistant, indoor vertical farming solution, for efficient process flow and maximum yields throughout the entire cultivation cycle.

The use of pods allows for a particularly efficient growing system, due to reduced energy costs and the reduction in equipment size needed to condition the air. The pods are environmentally friendly because they utilize highly recyclable building materials. Pod farming also allows multiple harvest cycles per year.

Currently, DiMora Pods, Inc. is revenue-producing, with a number of signed and pending contracts to provide the pods to various grow operations.
Additional details and specifics will be released in the coming weeks.
Jacob Thomas
Chairman of the board

August 25, 2016

Beverly Hills Group, Inc. (OTCPK: BHGI) Announces Complete Resolution of Litigation

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CA / ACCESSWIRE / August 25, 2016 / Beverly Hills Group Inc. (OTCPK: BHGI) is pleased to announce the Mikkin’s have withdrawn all claims against the company and all defendants, in their entirety, and have signed new lock-up / leak-out agreements restricting the sale of their shares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

 

August 12, 2016

Beverly Hills Group, Inc. (BHGI) Announces the Advancement of $1.4 Million to Grupo Richard

BEVERLY HILLS, CA / ACCESSWIRE / August 12, 2016 / Beverly Hills Group Inc. (OTCPK: BHGI), Announces the advancement of $1.4 million to Grupo Richard.

Beverly Hills Group Inc. (BHGI) is pleased to announce the advancement of approximately $1.4 million dollars funded to date, from a third party to Grupo Richard-Operadora in preparation for the closing of the remaining acquisitions and assets.

The acquisition agreement is funded by a combination of cash and fully restricted equity shares of BHGI. The company will receive real estate which has been appraised by “Jaramillo y Asociados,” to have a value of approximately $47 million dollars, with equity of approximately $45 million dollars.

The business operations and assets of the three remaining Grupo Richard companies identified in the first acquisition agreement are being acquired as well:

(1) Grupo Internacional Richard

(2) Grupo Richard y Lange

(3) Asesores en Comercio ON de Mexico

Our management views this is as just the beginning of our relationship with Grupo Richard. Our long-term vision is to expand the footprint of our newly-acquired companies within Mexico and Latin America under the BHGI umbrella.

Grupo Richard continues to diligently maintain and create beneficial relationships within Mexico, which in turn creates opportunities for further growth of BHGI.

(Values based on 2016 appraisals and may fluctuate with the daily exchange rate or other market variables).

Image: https://www.accesswire.com/uploads/Apparsials-in-depth1.jpg
Sincerely yours,

Jacob Thomas

Chairman of the Board

Beverly Hills Group, Inc.

 

 

July 26, 2016

Beverly Hills Group, Inc. (BHGI) Shareholder Update / Letter from the Chairman of the Board

BEVERLY HILLS, CA / ACCESSWIRE / July 26, 2016 / Beverly Hills Group, Inc. (OTCPK: BHGI), Issues This Shareholder Update:

To All BHGI Shareholders:

This a follow up to our last Shareholder Update.

Since our last communication, there has been a significant amount of activity on the company level.

In particular, we are moving forward with an expansion of On-Comercio. This is a niche banking company that installs Point of Sale (PoS) units in convenience stores and provides them with banking services, credit card services, domestic and international shipping and inventory management/ordering services.

In addition, these units can be used to pay tax and utility bills. On-Comercio will earn a percentage of each transaction. Our immediate goal is to expand our On- Comercio footprint.

We are happy to announce receipt of the first order of tablets and are in various stages of implementation. We are very excited that the training and installation of these initial tablets is well underway!

In our next letter we hope to be able to provide details regarding our business acquisitions and the progress of uplisting to a higher exchange. As always, we are thankful for your ongoing patience as we work towards our objectives.

Until then, I am, Sincerely Yours,
Jacob Thomas

Chairman of the Board

Beverly Hills Group, Inc.

 

June 17, 2016

BEVERLY HILLS, California, June 17, 2016– Beverly Hills Group, Inc. (OTCPK: BHGI), Issues this Shareholder Update:

To All BHGI Shareholders:

This is a follow up to our last Shareholder Update from a few weeks ago, in which we reviewed our planned acquisitions from Grupo Richard. The first, which has formally been acquired, was Operadora de Servicios.

The next acquisition is the construction branch of this asset. This branch of Grupo Richard has been tasked with remodelling/rehabbing existing convenience stores with POS technology, modern equipment, updated signage, etc. Phase One is for 100 stores, and Phase Two adds another 100 stores. A commitment has already been made for similar rehabbing of an additional 3,000 stores.

We are also in discussions with another large company to become their builder of choice for their Mexican expansion.

We are particularly excited about our third acquisition, BHGI’s banking asset: Comercio-On. This asset could have tremendous upside and we feel should have significant impact on shareholder value.

Grupo Richard has already implemented a pilot study of this technology in 5 of its rehabbed convenience stores, and the impact appears to be substantial. In the first year of the pilot study, average monthly sales have increased markedly.

There are at least three other projects which management expects to roll out. All three will lead to significantly increased demand on BHGI’s construction arm. Two of these projects involve large government-sponsored concessions, and the third is with a large multi-national American corporation looking to expand its footprint in Latin America.

In our next shareholder letter we hope we can provide details of these new projects, as well as update you with our progress on uplisting to a higher exchange tier level.

Let me assure you that management, large shareholders, and everyone involved with the company is making every effort and has made significant fiscal sacrifices to further the success of BHGI.

Finally, I would like to personally thank each and every shareholder for their patience, and continued support during these times of growth.

Until then, Sincerely Yours,

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

FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “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 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, consumer weakness, weakness in economic conditions and tax law changes.

 

 

 

April 27, 2016

BEVERLY HILLS, CA / ACCESSWIRE / April 27, 2016 / BEVERLY HILLS GROUP, INC. (“The Company”) (OTC:PK BHGI) is pleased to announce they are in the final stage of their third acquisition, “ON Comercio”.

ON Comercio is a niche banking company that installs Point of Sale (PoS) units in small convenience stores and kiosks. This provides them 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. ON Comercio will earn a percentage of each transaction.

One critical aspect of the ON Comercio service is that it allows the stores to participate in a wide range of services. Most small convenience stores and kiosks in Mexico do not have bank accounts. By opening a bank account with ON Comercio the shop becomes more official in the eyes of the government, their service providers (i.e. utilities) and their suppliers. The stores will also be able to accept credit and debit cards, which are growing in popularity in Mexico.

The company plans to rollout ON Comercio services in three states initially: Baja California, Guanajuato and San Luis Potosí.

Management estimates that the ON Comercio business could reach $42M in revenue by Year 2 after funding. Listed consumer finance operations in Mexico trade at an average of 2.9 times Price to Sales. Applying this metric to the estimates for Year 2 provides a valuation of $121M to the ON Comercio business. Management estimates that approximately $18M would have to be invested to achieve this level of sales, providing a value of approximately $103M from this business.

We believe that the longer-term valuation of ON Comercio could be much higher. As the business grows and becomes a more integral part of the Mexican convenience store industry, the value of ON Comercio could rise towards $1B.

This is a very exciting time for BHGI shareholders as we enter the closing phase of this important acquisition.

Jacob Thomas
Chairman of the Board
Beverly Hills Group Inc.

 

April 20, 2016

BEVERLY HILLS GROUP, INC. ANNOUNCES 8-K FILING

and

COMPLETION OF FIRST ACQUISITION

BEVERLY HILLS, CA, April 20, 2016 — On April 18, 2016, Beverly Hills Group Inc.: BHGI:(OTC.PK) filed an 8-K announcing the acquisition of Operadora de Servicios GRM (Operadora), a part of the Grupo International Richard conglomerate.

Operadora’s business is retail management and wholesale distribution. They have worked with companies like Grupo Modelo and Heineken. Full details of the acquisition may be found within the Company’s 8-K filing at: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11322249
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, and banking/financial services.

The completion of the Operadora acquisition now paves the way for BHGI’s second acquisition, which is nearing the completion phase.

This second acquisition is a construction company which has many years of experience with remodeling and building retail stores. This company has worked with Grupo Modelo, an AB-InBev Company (Anheuser Busch), on the re-branding of Modelorama stores to Corona stores as well as infrastructure projects with the Mexican Government and other private companies.

We are very excited about the future of BHGI, and have several additional acquisitions that are currently underway.

I would like to personally thank all our shareholders for their continued support.

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

 

FORWARD-LOOKING STATEMENTS

This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “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 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, consumer weakness, weakness in economic conditions and tax law changes.