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Beneficial Holdings, Inc. : Beneficial Holdings, Inc. Continues Negotiations to Acquire a Major Multiple Location Central Ameri

^{Published on 2009-07-30 06:08:16, Last Modified on 2009-07-30 06:08:24 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - July 30, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: [ BFHJ ]), a casino and gaming holding company, said today that it continues negotiations to acquire a major multiple location casino operator. BFHJ has received the financial information which provided our accountants with the ability to determine the profit margins for each location.

The negotiations are continuing between the seller and BFHJ at an intensive pace. Management believes if they can negotiate and close the acquisition it will put them in the top ten Central American gaming operators both in terms of revenue and number of locations.

"The prospective acquisition will provide in excess of ten million dollars to the company's revenues and position us as a major casino operator within Central America. We believe that we are well financed to perform the purchase, and that we have the management talent to drastically increase profits at the casinos by adding additional games and entertainment for customers," 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.