Business & Finance
Business and Finance
Business and Finance
Mon, July 20, 2009
Fri, July 17, 2009 Beneficial Holdings, Inc.: Beneficial Holdings, Inc. Announces New Executive Appointments
LAS VEGAS, NV--(Marketwire - July 17, 2009) - Beneficial Holdings, Inc. (
While the company reached an agreement to purchase its initial gaming and entertainment property (scheduled to close within ten days), Beneficial Holdings, Inc. appointed additional executive management to assist in further anticipated acquisitions and negotiations while managing the company according to all applicable Central American laws.
The company has, after an extensive search, appointed Dr. Julio Sequeira as the company's general counsel for Central America. Attorney Sequeira will oversee and maintain all legal and regulatory compliance requirements for Grupo Beneficial, S.A., the wholly owned operating entity of Beneficial Holdings, Inc.'s Central America operations. In addition to Mr. Sequeira's primary responsibilities, he will also oversee all financial and accounting matters. Mr. Sequeira is licensed in Nicaragua and has extensive experience in Central American corporate and gaming Law.
The company has also elected to appoint Joselyn Ortega as a Director of Beneficial Holdings, Inc. Ms. Ortega has extensive experience within the hotel and restaurant industry both in Costa Rica and Nicaragua. Ms. Ortega will also serve as Executive Vice President of the Company's food and beverage operations for its subsidiary, Grupo Beneficial, S.A., in Nicaragua.
Beneficial Holdings will continue to seek out the best and the brightest executives to implement and carry out its aggressive investment, acquisition and development plan within the Central America gaming industry. The company intends to round out its executive staff by months end.
ABOUT BENEFICIAL HOLDINGS, INC.:
Beneficial Holdings, Inc., a Nevada Holding Corporation chartered in 1990, is a start up casino holding company. The company has identified Central America as its target market, primarily Nicaragua, Honduras, Guatemala, and El Salvador. The Company reached an agreement for its first casino acquisition and is in the process of negotiating and purchasing additional properties. The Company also intends to enter the very lucrative online poker and casino industry worldwide excluding the United States all within the guidance of International gaming laws.
