SOURCE: Beneficial Holdings, Inc.

January 25, 2010 08:49 ET

Beneficial Holdings, Inc. Completes Paperwork for Share Dividend

MANAGUA, NICARAGUA--(Marketwire - January 25, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that it completed the necessary paperwork to effectuate the dividend of six shares for every one share that shareholders have. Now the Company will work with its transfer agent on obtaining the transfer agent verification. This process should take only 24-36 hours.

The Company will request a dividend ex date in the second week of February 2010, but cannot guarantee such a date pending approval from FINRA. The Company may receive the ex date only a day before it occurs, so shareholders are cautioned to diligently watch forthcoming announcements. Shareholders holding shares on the ex date will receive six additional shares for every share they currently hold. This means if you hold 10,000 shares, after the dividend, you will have 70,000 shares.

Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains two physical gaming properties and is in the process of acquiring a third property (as part of a seven gaming parlor purchase). The Company announced separately that it is in final negotiations for a hotel that it will apply for permission to add a casino to. Finally, the Company's subsidiary is creating an online casino for non-U.S. residents that will be located at

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.

Contact Information