SOURCE: Beneficial Holdings, Inc.

Beneficial Holdings Inc.  (Pink Sheets:  BFHJ)

April 12, 2010 00:12 ET

Beneficial Holdings Enters Negotiations to Acquire 39 Slot Parlor Locations

MANAGUA, NICARAGUA--(Marketwire - April 12, 2010) -  Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, announced today that it entered into negotiations to acquire 39 slot parlor locations. The locations are throughout Nicaragua.

The locations house between 15 and 35 gaming machines. "However, over the next year, we would have to bring the number of gaming machines to 25 at every location to comply with new regulations in effect throughout Nicaragua," Alex Papic, Vice President of Beneficial Holdings, said.

The acquisition would add over 850 gaming machines to Beneficial Holdings' current inventory. The machines at the locations include poker machines, slot machines, digital slot machines, and multigame machines.

"After a preliminary review of the acquisition, the Company estimates that it would add approximately $10,250,000 in annual revenue to Beneficial Holdings through its subsidiaries. The Company also believes that, with equipment renovations, and adding food and refreshment products, it can substantially increase revenue and margins at all the locations," said Alex Papic.

The Company will be proceeding to the due diligence stages of the transaction immediately to verify the revenue and to determine the quality of the equipment.


Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. There are less than 275,884,651 free-trading shares. There are 627,115,349 restricted shares. The total authorized shares are 903,000,000. The Company has no intention of increasing its authorized shares.

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.

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