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Beneficial Holdings, Inc.: Beneficial Holdings Clarifies Its Status for Its Shareholders

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  Published in Business and Finance on Wednesday, August 26th 2009 at 6:24 GMT, Last Modified on 2009-08-26 06:24:57 by Market Wire
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MANAGUA, NICARAGUA--(Marketwire - August 26, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: [ BFHJ ]), a casino investment and management holding company, in response to several emails and telephone calls from shareholders, has opted to clarify certain information regarding the Company's operations.

While the Company previously announced remodeling work and negotiations for suppliers at its flagship gaming establishment, the Vereda Tropical, the facility continues to be open for business until midnight each night. The games and gambling devices remain available to all players, food is being served, and the bar is open.

Shareholders have inquired about Beneficial's website. The website is still under development and will be updated on an ongoing basis. The Company realizes the website is an integral part of the Company's image going forward and will become much more functional and aesthetically pleasing shortly. Currently, the Company's technical team is primarily focused on the development of software that will enable internet-based gambling for non-United States residents.

Additionally, the Company directed its attorneys to begin exploring a target opportunity of a potential takeover of a multinational publicly traded casino/hotel company that does not trade on exchanges in the United States. Beneficial Holdings will seek to gain shareholders' approval of the company. The possible hostile takeover of the targeted company could expedite the expansion plans of Beneficial. In the interim, the Company continues to achieve the best deal possible for our shareholders in all acquisition matters. The Company will continue to negotiate the additional gaming parlors and casino operations in Nicaragua and other Central American countries as stated in its business plan.

ABOUT BENEFICIAL HOLDINGS, INC.

Beneficial Holdings, Inc., is a Nevada corporation operating since 1990. The Company is an investor and management company of Central American gaming establishments. The Company's share structure is an authorized number of shares of 200,000,000, outstanding shares of 99,265,205, restricted shares 90,187,907, and free trading shares of 9,077,298.