Aug 4, 2016 9:20 EST

Beverly Hills Group Inc. (BHGI) Announces Settlement of Lawsuits

Disclosure NewswireTM

iCrowdNewswire - Aug 4, 2016

 

BEVERLY HILLS, CA – Beverly Hills Group Inc. (OTCPK: BHGI) is pleased to announce that all pending litigation with Ahmad Arfaania and N.A Fam LLC., has now been settled.

As many of you know, the company has been burdened with several legal battles, which began late last year. Not unexpectedly, it has taken a significant amount of time and resources to resolve these issues. We would have preferred focusing on developing the company’s diverse business opportunities.

In this context, we are pleased to announce that all pending litigation with Ahmad Arfaania and N.A. Fam LLC has been settled. New information came to light within the past several weeks that now allows both sides to feel comfortable with this mutually beneficial agreement.

Much of the frustration that led to these lawsuits being filed, was the result of an unfortunate misunderstanding, just recently attributed to erroneous and divisive information delivered by a hostile third party.

Despite the time it has taken to address these legal challenges, our leadership has, in parallel, been diligently positioning the company to expand its financing, operations, and acquisitions.

Now that these legal hurdles are behind us, we can devote our resources to completing the previously announced projects and asset acquisitions.

Thank you for your continued support.

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.

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.

 

 

Contact Information:

Jacob Thomas
Chairman of the Board

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