Beneficial Holdings, Inc. Agrees to Purchase Gaming Enterprise
LAS VEGAS, NV, Jul 15, 2009 (MARKETWIRE via COMTEX) -- Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today announced that it has mutually agreed to acquire, through its wholly owned subsidiary, Grupo Beneficial (Nicaragua), its first gaming establishment. The gaming establishment contains traditional games such as poker in addition to slot machines, including the newest digital gambling devices manufactured by International Game Technology.
The facility's location is very popular with the locals and tourists alike, offering a popular bar and snack venue where customers watch the latest music videos on the company's large screen televisions. The facility maintains supplier contracts with Coca-Cola, Pepsi, the Compania Cervecera de Nicaragua, S.A. (Nicaragua's largest beer company), and Dina Snacks, thus eliminating third party distributors.
The facility maintains a full restaurant and beverage license. Upon taking control, Grupo Beneficial intends to expand upon the license by installing a full restaurant featuring both American and local Nicaraguan cuisine.
"This is just the very beginning of our business plan. We are presently studying and pursuing additional negotiations in Central America with the ultimate goal of joining the ranks of casino companies such as Thunderbird Resorts, Princess Casinos International, and Star City Casinos which successfully operate in Managua," said Carolina Navarro, President of Beneficial Holdings.
ABOUT BENEFICIAL HOLDINGS, INC.:
Beneficial Holdings Inc. is a Nevada corporation in operation since 1990. The company is in the process of purchasing and signing management agreements with various gaming and casino facilities in Nicaragua, Honduras, El Salvador, and Guatemala. In addition, the Company is entertaining several joint venture opportunities with established companies to operate online casinos for non-United States residents that will comply with United States and International law.
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SUBJECT CODE: Travel and Hospitality:Casinos/Gambling
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Beneficial Holdings, Inc. Submits Paperwork to Nevada Secretary of State to Perform Share Dividend
Beneficial Holdings, Inc. On Friday January 15, 2010, 12:01 am
LAS VEGAS, NV--(Marketwire - 01/15/10) - Beneficial Holdings, Inc. (Pinksheets:BFHJ - News), a casino investment and management holding company, today filed the necessary paperwork with the Nevada Secretary of State to finalize its share dividend. The Company expects to receive approval within two business days.
For every single one share owned by a shareholder on the ex-date (to be announced), the shareholder will receive six additional common shares.
BFHJ will announce the ex-date for the dividend as soon as practicable. This may be as soon as a day after the announcement depending on the Company receiving approval notifications.
BFHJ believes that issuing a non-taxable dividend to its shareholders will decrease volatility and manipulation in its stock.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains two physical gaming properties and is in the process of acquiring a third property. The company currently maintains capitalization of 129,000,000 authorized shares, of which 89,587,907 are restricted. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. The company maintains no convertible debt.
This release does not constitute an offer of securities for sale. It contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences.
Contact: Media RelationsBeneficial Holdingswww.beneficialholdings.info+505-8367-3333 TelephoneEmail Contact
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