Beneficial Holdings Inc.  (Pink Sheets:  BFHJ)

January 26, 2010 09:09 ET

Beneficial Holdings Inc. to Take Possession of Gaming Parlor

MANAGUA, NICARAGUA--(Marketwire - January 26, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that it will take possession of a second gaming parlor that is part of a seven location purchase agreement. The location is in Tipitapa, Nicaragua, and contains approximately 35 gaming machines including slot machines, poker machines, and other video machines. The Company will soon purchase newer machines for the location and remodel the facilities. Possession will occur within one week.

The additional location brings the number of operating facilities to three within Nicaragua. Five additional locations remain to be acquired pursuant to the purchase agreement. In addition, Beneficial is in final negotiations to take possession of a hotel in Managua. Finally, the Company is working with its engineering consultants to complete a gaming site for non-U.S. residents at

The Company is in the process of completing a dividend whereby shareholders will receive 6 additional shares for every 1 share. The Company expects to announce the ex-date as soon as possible.

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.

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