BGR Enters into Agreement with The Beilman Group; Franchises and Concept Partners to Benefit from Procurement Systems Expertise.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 23, 2004 BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany) BGR Bulgaria (ISO Country code) BGR Blue Green Red (uncommon variant of RGB) Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BGRR BGRR Brookhaven Graphite Research Reactor ), a franchiser of concept restaurants, has agreed to enter into an agreement with The Beilman Group to develop, implement and monitor the food purchasing program for all of BGR's corporate and franchised restaurants. The Beilman Group, formed in 2001 by former wholesale distribution executives, is the premier procurement service company specializing in the U.S. food industry. They will increase BGR's level of expertise and focus in the area of procurement through the use of their "purchasing program" which was developed to change the way products are bought and sold in the food industry. The Beilman Group helps strip excess costs out of the supply chain, and makes the procurement process more efficient for both buyers and suppliers. BGR's corporate and franchised restaurants will benefit from the relationship with The Beilman Group by saving money, effort and time. Suppliers benefit by gaining access to new business, enjoying large drop sizes and receiving commitments to large volumes of sales. Through the agreement with BGR, The Beilman Group will contract with each of BGR's concepts to negotiate with all suppliers, perform an analysis of proposals and review any supplier contracts. The Beilman Group also will conduct audits of all suppliers and act as an intermediary for any issues pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to food purchasing. "Our association with American Restaurant Development Corp. (ARDC ARDC Attorney Registration and Disciplinary Commission ARDC Air Research & Development Center ARDC Air Research and Development Command ARDC Australian Racing Drivers Club ARDC American Racing Drivers Club ) is already starting to pay dividends. Their contacts within the restaurant industry will continue to bring groups like The Beilman Group to us. The Beilman Group's services are custom tailored to the individual and unique needs of our concepts and franchisees, who will greatly benefit from utilizing The Beilman Group by lowering their cost of product, spending less time and effort in procurement, having better control of purchasing and an overall better peace of mind. We feel corporate and franchisee operations will save between 2-4% on the total cost of purchasing using The Beilman Group, which means greater profitability for all," stated Jerry Brown For the whistleblower, see . Edmund Gerald "Jerry" Brown, Jr. (born April 7, 1938), is the Attorney General for the state of California. Brown has had a lengthy political career spanning terms on the Los Angeles Community College Board of Trustees (1969-1971), as California , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BGR Corp. Brown went on to say, "ARDC has us very excited about our future at BGR. With their ability to continue bringing us groups like The Beilman Group, it will quickly solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our position as a major restaurant development company that knows how to identify good restaurant concepts and build them into a national brand." About BGR Corp. BGR Corp. is a franchise development company that targets emerging and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. franchise concepts. The company is introducing a line of new restaurant brands that fall into the broad category of "fast-casual" dining. BGR will provide the necessary elements to grow these brands by partnering with the existing restaurant companies, thereby owning equity directly in these brands and by providing the concepts a total Franchise Turnkey Program. This formula is the result of several years of development to provide the tools and support needed to create and sustain a successful restaurant franchise with above-average per-store returns. The franchising industry has recently entered a rapidly expanding period of growth, and BGR is positioned to provide their newly acquired concepts the bandwidth and infrastructure to further pace this momentum. Special Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Certain statements in this press release may constitute "forward-looking statements" within the meaning of Section (i)(1) of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks that may cause BGR Corp.'s actual results to be materially different from future results expressed or implied by these statements. Such factors include, without limitation, general economic conditions; BGR Corp.'s ability to effectively sell the equities offered, success in acquiring new concepts, funding other acquisitions, and adapting and franchising these concepts. In light of these uncertainties, the forward-looking statements included in this press release should not be regarded as representation by BGR Corp. that the company's plans and related objectives would be achieved. |
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