BIH Corporation Announces Progress Regarding Merger Negotiations

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  Published in Business and Finance on Friday, May 14th 2010 at 2:00 GMT by Market Wire
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BIH Corporation Announces Progress Regarding Merger Negotiations -- FREEHOLD, N.J., May 14 /PRNewswire-FirstCall/ --

FREEHOLD, N.J., May 14 /PRNewswire-FirstCall/ -- BIH Corporation (Pink Sheets: BIHC) today announced that it has agreed to enter a merger agreement.

The Company has now determined that the previously announced merger candidate is acceptable and will now move forward with said agreement.

Edward W. Hayter Sr., the current President of BIH Corporation, has always maintained the position that the BIHC shareholders were shortchanged by the SEC's ten day suspension of the Company. The suspension was based upon false allegations by certain individuals. As always the intent of the Company is to restore shareholder liquidity.

This press 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 the date hereof, and the company undertakes no obligation to update any statement to reflect occurrences after the date of this release.

[ http://www.bihcorporation.com ]

SOURCE BIH Corporation

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