Beere Financial Group Subsidiary Purchases Construction Operations with $4.9 Million Dollar Contract.COLUMBIA Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. , Md. -- Beere Financial Group, Inc. (Pink Sheets:BRFG), announced today that its subsidiary, Beere Financial Equity Corp. has purchased BSCO BSCO Brake Specific Carbon Monoxide BSCO Birmingham School's Concert Orchestra (Birmingham, England) , Inc., a Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and corporation doing business in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . BSCO, Inc. is a construction company that is currently operating a $4.9 million construction contract on a New York City water project. BRFG paid 1,000,000 of restricted common stock to the shareholders of BSCO for 100% of its outstanding stock. The stock purchase agreement is subject to the payment of $1,500,000 in cash to the seller by BRFG, to be raised in a joint effort of the BSCO shareholders and BRFG and paid upon its completion. An additional three million shares of BRFG common stock to be paid to BSCO shareholders have been escrowed as an earn-up provision should the contracts bid and/or negotiated prior to the acquisition agreement by BSCO personnel be awarded to the company. BSCO has approximately $15,000,000 of contracts currently bid or that are being negotiated with private concerns. It is expected that these contracts will be awarded during the remainder of 2006 by their respective solicitors. 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. Statements regarding financial matters in this press release other than historical facts are "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. " 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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