BLV Realty Group, Inc Acquires Its Affiliate Partner and Preserves Its Brands

NEW YORK, August 23, 2010 - BLV Realty Group, Inc ("BLV Realty" or "the Company") announces that it
has entered into an Agreement ("The Agreement") with BLV Group International
("BLVGI") for the acquisition of all of its assets, trading subsidiary and
trading interests.

Background

BLV Group International incorporated in Cayman Island was a partnership
between BLV Group ("The BLV Group Corporation") parent company of BLV Realty
Group, Inc and its Icelandic Investor consortium, which was incorporated to
acquire, develop and manage real estate assets globally (except United
States). The Icelandic consortium provided equity investment into the
partnership while BLV Realty Group, Inc provided expertise services through
the setup of affiliate subsidiaries of the BLV Group International, in Europe
(England) operating under limited license, by trading under the BLV brand
such as the "BLV Realty Marketing Limited, BLV Realty Organization Designs
Limited, BLV Realty Lifestyle Group Limited, BLV Realty Personnel Limited,
BLV Realty II Limited and BLV Realty Personnel Compensation Limited and in
Hong Kong through the subsidiaries, BLV Group Advisors Limited, BLV Realty
Organization (Asia Pacific) Limited and Essenza Hotels and Resorts. "BLV
Group" through its subsidiary maintained a 35 percent interest in the
partnership entity (BLV GROUP INTERNATIONAL) while the consortium maintained
a 65 percent interest and BLV Group through its real estate subsidiary (BLV
Realty Group, Inc) licensed the various subsidiaries of BLV Group
International to provide development management, project management, interior
designs and design management services to assets acquired by BLV Group
International.

Following the economic downturn and especially the financial turmoil the
partnership was unable to fulfill all of its obligations, particularly in
Europe (London- England), and BLV Realty Group, Inc agreed to acquire the
remaining interests of the consortium by acquiring 65 per cent of BLV Group
International.

BLV Realty Group, Inc following the acquisition will restructure the
entire assets and trading activities of BLV Group International, by subsuming
the operations of the existing BLV Group International European subsidiaries
(BLV Realty Marketing Limited, BLV Realty Personnel Limited and BLV Realty
Lifestyle Group Limited and BLV Realty Personnel Compensation Limited) into
its wholly owned subsidiary BLV Realty Organization (Europe) Inc trading as
BLV REALTY ORGANIZATION. It will then surrender 3 of the corporate entities
for dissolution. BLV Group Holdings Limited will be amended by name to BLV
Group Trademark Holdings Limited to hold the several trademarks both wholly
owned or acquired through this acquisition, and will provide trademark
license to the operating companies. BLV Realty Personnel Compensation Limited
will operate as a wholly owned subsidiary of BLV Realty Organization (Europe)
Inc offering management and professional expertise services globally.

Both BLV Realty Organization (Asia Pacific) Limited and BLV Group
Advisors Limited will become wholly owned subsidiaries of BLV Realty Group,
Inc.

The other subsidiaries of BLV Group International not required will be
liquidated, or allowed to be liquidated depending on any pending legal
issues, as the trading subsidiaries and trading interests are acquired
without liability.

BLV Realty Group, Inc is a 100 percent wholly owned subsidiary of BLV
Group "The BLV Group Corporation". Following the acquisition of BLV Group
International subsidiary companies, BLV Realty Organization, Inc in North
America, BLV Realty Organization (Europe) Inc in Europe and BLV Realty
Organization (Asia Pacific) Limited will operate as the core real estate
trading and services (non asset) subsidiaries with sub-subsidiaries operating
through them in various global regions.

BLV Realty Group, Inc intends to sell a majority of the acquired assets
of BLV Group International, especially the non income generating assets, with
proposal to reinvest the proceeds into new hospitality assets as part of its
strategy to boost its hospitality asset holdings.

Caution

BLV Group International is not a shareholder or subsidiary of BLV GROUP
"The BLV Group Corporation" (including affiliates and Subsidiaries). The
transaction described above has been negotiated based on the current market
value for the assets and trading interests. The Board and Management of BLV
Realty Group, Inc warrant that it has no management control over the
decisions of BLV Group International.

Comments from Raheem J. Brennerman

Global President & Chief Executive

"I am glad to have been part of the "BLV" team at this critical point in
its expansion plans given the sensitivity of this asset acquisition, trading
subsidiaries and trading interests of the BLV Group International. We will be
able to continue with our business expansion plans also noting that our
corporate brand is now in safe hands with the required commitment for
expansion. Also, commenting on my time as Chief Executive of BLV GROUP, this
has been an exciting and rewarding experience, as Chief Executive I am glad
to have been able to leave behind a company with strong assets, global
operation and the appropriate strategy for further expansion"

Mr. Brennerman is expected to step down as Global President & Chief
Executive of BLV Group at the end of the year, to focus mainly on Oil & Gas,
where he is appointed as Executive Chairman and Chairman of the Board. Member
Brennerman will however remain on the Board of BLV GROUP as a Non Executive
Director and Non Executive Chairman of the Advisory Board.

The Company will announce the appointment of a new Chief Executive
shortly.

Notes to Editors

About The BLV Group Corporation

BLV GROUP "THE BLV GROUP CORPORATION" is the parent company for all BLV
Group Companies. In the United States, BLV Group and its Subsidiary
corporations has presence in the State of Delaware, State of New York (New
York City), State of California (San Francisco) with the main corporate
office in the State of New York (New York City) and other representative or
operating offices in the State of California and Delaware.

BLV Group is a leading multi disciplined organization with focus in real
estate investing and development, Oil & Gas advisory services, hospitality,
lifestyle and non profit. The firm provides a wide range of services
worldwide to a substantial and diversified client base that includes
corporations, governments and high net worth individuals. Founded in 2004, it
is one of the fastest growing and dynamic firms. The firm is headquartered in
New York City, and maintains offices in London, Hong Kong, San Francisco and
other major financial centers around the world. More information at
www.blvgroup.com, www.blvrealtyorg.com

BLV Group, Ms A Rodriguez, The Executive Office, +1-212-672-1771, contact at blvgroup.com, investors at blvgroup.com, or BLV Realty Organization, Michael Sloanes, The Legal Department, +1-212-672-1771, michaels at blvrealtyorg.com, contact at blvrealtyorg.com