BEVERLY HILLS, CA / ACCESSWIRE / February 17, 2017 / Beverly Hills Group, Inc. (OTC PINK: BHGI) shareholder update:
The Board of Directors of Beverly Hills Group, Inc., would like to update its shareholders on the current status of company operations.
Given the recent geopolitical changes in the relations between the United States and Mexico, the Board of Directors believes it is in the best interest of the Company to delay, without ruling out, its plan to acquire the private assets of Grupo Richard, a Mexico-based conglomerate.
BHGI will continue to focus on reformulating and rebranding its existing nutraceutical line, as well as procuring other income producing projects.
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.
SOURCE: Beverly Hills Group, Inc.