SOURCE: Beere Financial Group Inc.

August 29, 2007 09:00 ET

Beere Financial Announces New Store Opening

WEST PALM BEACH, FL--(Marketwire - August 29, 2007) - Beere Financial Group, Inc. (PINKSHEETS: BRFG) announced today that its subsidiary Steadfast Automotive Group, Inc. has completed the purchase of its newest business location in Meriden, CT and will open for business on Saturday, September 15, 2007.

This new operation is the first of several new locations that are expected to be announced in September and October 2007. The company is actively negotiating for three additional locations in Florida, including sites in Titusville, Melbourne and Gainesville, all of which are high volume truck sales locations.

The first licensees are expected to be active in October with a national franchise roll-out expected in the first quarter of 2008. The company has many interested parties in its business model and significant growth and profit should be forthcoming in 2008. Our sales targets for 2008 are $7.5 to $10 million.

Safe Harbor 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.

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