ITEM 8.01 OTHER EVENTS.
Beverly Hills Group Inc. 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.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: April 18, 2016
Beverly Hills Group, Inc.
By:
/s/ Jacob Thomas
Name: Jacob Thomas
Title: Chairman
FORWARD-LOOKING STATEMENTS
This report 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.
