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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