COLUMBIA, Md., July 11, 2006 (PRIMEZONE) -- Beere Financial Group, Inc. (Pink Sheets:BRFG), announced today that is has named Rick Papaleo as its President and a Director.
Mr. Papaleo is a veteran in the entertainment industry and for the last several years has supplied consulting and business development services to small and mid-size businesses. Mr Papaleo's strengths are acquisitions, funding and business development.
"I am looking forward to the working with Beere Financial as the growth potential of the company seems to be tremendous. I have many years experience in the entertainment and technology industries as well as working with small growth companies. The company's plan is an aggressive one, which will include acquisitions, business development, joint ventures and strategic alliances," states Rick Papaleo, President, Beere Financial Group, Inc.
"My conversations with the company have been to continue with its aggressive acquisition plan and continue with the development and growth of the infrastructure of the company," continued Mr. Papaleo.
"I have worked with the subsidiaries in the past and have helped them with their development, so I am familiar with the operations and I anticipate a smooth transition. My consulting company was involved with the purchases of the entertainment subsidiaries and the group as a whole shows much promise and I anticipate strong revenue numbers."
Company sources stated that additional press releases with regard to the company's growth and development plans will be forthcoming.
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" 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 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 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.