SOURCE: BIH Corporation

May 14, 2008 09:08 ET

Baron International Chooses Valley National Bank as Its Exclusive Bank for Lease Financing

WEST ORANGE, NJ--(Marketwire - May 14, 2008) - Baron International, a subsidiary of BIH Corporation (PINKSHEETS: BIHC), today announced that it has chosen Valley National Bank as its exclusive lease financier.

Baron International a major hospitality vendor has agreed with Valley National Bank that they will be the exclusive financing source for all of Baron's clients that require financing.

"The company in the past has depended upon Brokers and others as a source of financing for its clients, this is no longer the case as I have agreed to have Valley National Bank as our exclusive source of financing. This action will accelerate profits and sales, as we now have a lender of choice. The company believes that this new source of financing will increase sales by $5,000,000 a year or more," said Mr. Robert Ingala President of Baron International.

This press release does not constitute an offer of any securities for sale. This press release contains certain 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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