Published: December 08, 2005
Concorde Resources Corp. Acquires Bevcorp International Inc.
Concorde Resources Corp. (OTC: CCDE) is
pleased to announce that the Company has acquired majority control of
Bevcorp International Inc., in a Definitive Agreement executed on November
22nd 2005. The Company has paid 23,476,650 unregistered shares (18% of
CCDE) and $350,000 to acquire 90% of the company. Post acquisition, CCDE
has 127,816,690 shares outstanding.
Bevcorp International, Inc., d/b/a Beverly Hills Weight Loss & Wellness®,
offers a proprietary diet program, scientifically created to provide a
credible medically developed lifestyle change that stand the test of time.
For decades of proven success, Michael D'Apolito and Beverly Hills have
focused on a long-term unbeaten weight management program, suited to each
client's changing physical, emotional and lifestyle needs. Beverly Hills is
a premiere franchise organization, establishing a strong brand with all the
associated cost savings, operational and marketing benefits. Presently, the
company historically has had 61 global operational franchise locations and
is now aggressively expanding its additional Area Development Agreements as
well as international Master License Agreements. Please visit
www.beverlyhillsweightloss.com for more information.
According to the American Journal Of Clinical Nutrition, Americans just a
few years ago spent over $33 billion dollars a year on weight loss-related
products and services. Collectively, revenue generated from weight loss,
supplements, vitamins and minerals, nutrition counseling, and wellness
products and services is estimated to exceed $100 billion.
"This acquisition marks the implementation of one of Concorde's aggressive
acquisition strategies. Bevcorp is an excellent working opportunity for
CCDE for a number of reasons. The franchise model offers a compelling
risk/reward value proposition and operate within a vast human community.
We believe we can leverage our managerial experience to quickly grow
revenue drivers and increase operating efficiencies," said Kenneth
MacDonald, Director of CCDE.
Michael D'Apolito, President of Bevcorp states, "I am delighted to be
working with the Concorde team. With their resources, expertise and
energy, I am confident they will take Bevcorp to the next level."
Concorde is in further negotiations to acquire majority and minority
ownership of several similar and highly complementary international
franchise lines, each to mutually enhance marketing and sales of its
counterparts.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for forward-looking statements made on behalf of the company. All such
forward-looking statements are, by necessity, only estimates of future
results and actual results achieved by CCDE may differ materially from
these statements due to a number of factors. CCDE assumes no obligations to
update these forward-looking statements to reflect actual results, changes
in assumptions or changes in other factors affecting such statements. You
should independently investigate and fully understand all risks before
making investment decisions.
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