SOURCE: Beere Financial Group Inc.

July 11, 2007 16:02 ET

Beere Financial Group Acquires QRO Wireless, Inc.

ORLANDO, FL--(Marketwire - July 11, 2007) - Beere Financial Group, Inc. (PINKSHEETS: BRFG) announced today it acquired the wireless broadband company QRO Wireless, Inc.

Beere Financial Group, Inc. has placed this acquisition in a newly formed wireless division that also contains its American Rural Broadband, Inc. subsidiary.

"The rural broadband market is an exciting opportunity for Beere Financial Group, Inc. providing us a market in the communications industry with the opportunity to deliver existing content owned by the company to computers and wireless devices in underserved rural markets," stated Steve Lane, President of Beere Financial Group.

"QRO Wireless, Inc. will aggressively move forward to develop several regional markets in the next couple of years with a target of ten new regions this year and up to fifty regions in the next two years," stated John Roush, Chief Financial Officer of QRO Wireless, Inc.

QRO Wireless, Inc. has installed and monitors several systems in North Carolina, Alabama and Idaho its first three years. The company is looking to expand this proven business model which requires minimal investment per location and requires less than 200 subscribers per service area to break even.

The QRO product is comparable in transmission speeds to most of the competition and is priced at or below the majority of cable or phone company offerings.

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 with emphasis on Sales, Marketing and Promotional programs and campaigns.

QRO Wireless, Inc. provides high speed wireless broadband to rural markets and services such as system monitoring, security and off-site third party encrypted system backups for customers and other wireless systems.

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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