BEVERLY HILLS, Calif., Aug. 19, 2015 /PRNewswire-HISPANIC PR WIRE/ — Beverly Hills Group Inc. (OTC: BHGI) announces that the international accounting network of BDO Castillo Miranda has been retained to conduct a GAAP audit of Beverly Hills Group’s recent acquisitions in Mexico. Those acquisitions include established corporations with ongoing operations in the fields of retail convenience stores, wholesale distribution, construction, real estate development, banking and financial services, with a combined reported 2014 gross sales of USD $4.75 million and Real Estate assets estimated at USD $35 million. The contractual arrangement with BDO Castillo Miranda will include auditing and confirming the reported sales and assets of each of the acquisitions.
Beverly Hills Group is extremely pleased that it is progressing so rapidly in auditing, confirming and incorporating its recent multiple acquisitions in Mexico. With the retaining of the international power-house BDO Castillo Miranda, a member in good standing of BDO International, to perform an in-depth audit to GAAP standards, Beverly Hills Group is adding confirmed assets to its portfolio while increasing shareholder value. The Company is looking forward to announcing further developments as it moves forward with its strategic international movement into the ever-growing Latin American marketplace.”
ABOUT BDO INTERNATIONAL
BDO Castillo Miranda, established in 1943, is a member firm of BDO International, the world’s fifth largest accounting network, with 1,328 offices in 152 countries. BDO had 2014 revenue of more than 7.02 billion dollars. They provide a strong presence in Mexico, professional auditing services, Tax Advisory, Financial Control (outsourcing), Risk Consulting, Corporate finance; Information Technology and Foreign Trade and Customs. BDO was founded in 1963 as a result of the merger of firms from the United Kingdom, Holland, Germany, United States and Canada.
ABOUT BEVERLY HILLS GROUP
Beverly Hills Group Inc. is a multi-faceted company with current diverse investments in Mexico, including retail convenience stores, wholesale distribution, construction, real estate development, banking and financial services. Its objective is to grow through strategic acquisitions, focusing first on the increasing consumer awareness and demand in the Mexican and Latin American markets. Once these strategic acquisitions are procured and integrated into the long term objectives of the company, Beverly Hills Group will provide investment capital, preeminent modern business practices and best-in-class management to cultivate and mature these companies to their greatest potential.
FORWARD-LOOKING STATEMENTS
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, and margins.
These forward-looking statements are subject to a number of risks and uncertainties, many 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, external actions, increased competition, risks from operating internationally, continued consumer weakness, weakness in economic conditions and tax law changes.
