Beere Financial Announces New Direction with Focus on Technology & Entertainment.COLUMBIA, Md. -- Beere Financial Group, Inc. (Pink Sheets:BRFG), an equity holdings company, announced today a change in direction with regard to their business investment strategy. Beere Financial Group's previous focus has been more of a general investment strategy in the construction and entertainment industries. Even though the strategy has been extremely successful, a more defined strategy has been adopted for the future of Beere in the entertainment and technology industries. "Our construction subsidiary was extremely successful, but in order to supply the necessary funding, our investors preferred the company be private, so a sale was provided. This opened the discussions with management on how to proceed on a go forward basis and the decision was made that technology with entertainment is the best way to proceed. There is great synergy between the two industries and the deals presented to us by our consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Central Park North Enterprises were very attractive," stated Steve Lane, President of Beere Financial Group. Beere Financial Group plans 4-6 additional acquisitions this year from the entertainment and technology industries. The obvious question presented to the company is why the change? And why stay with Music and Film? The company responds with, "retail sales for music and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. sales are slumping but digital sales are steady and with social networking See social networking site. social networking - social network heating up as well as wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 and the improvement and advancement with data compression data compression Process of reducing the amount of data needed for storage or transmission of a given piece of information (text, graphics, video, sound, etc.), typically by use of encoding techniques. for films and television over the net, the company loves the idea of the 3 D's- Development, Distribution, Delivery. The technology properties will compliment perfectly. Our subsidiary, CED (Capacitance Electronic Disc) An earlier videodisc technology from RCA that was released in 1981 and abandoned five years later. Like phonograph records, the analog disc contained grooves that a stylus rode over. Entertainment supplies the complete solution for distribution. The present and future record labels will supply the music and development of the new artists, film and live events companies are on the way. Now all is needed is the delivery and the upcoming technology properties will fill that need. Content is king and by adding delivery we are confident we will compete in 2007 and beyond." Beere management plans a roll out via its website http://www.beerefin.com announcements of the new acquisitions as well as additional details about the changes over the coming weeks. About Beere Financial Group, Inc.: Beere Financial Group, Inc. invests in emerging growth companies with market-ready products, strong management teams, and strategies for developing high-growth companies in well-defined markets. 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. : Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. |
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