SOURCE: Beneficial Holdings, Inc.

October 15, 2009 09:06 ET

Beneficial Holdings, Inc. Continues to Monitor Thunderbird Resorts' Offering of Common Stock

MANAGUA, NICARAGUA--(Marketwire - October 15, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, previously withdrew an offer to purchase 80-100% of the ordinary shares of Thunderbird Resorts, Inc., for $2.12 per share along with 1 share of BFHJ for each 10 shares of TBIRD. The offer was withdrawn after Thunderbird Resorts announced a 75,000,000 share public offering that, if successful, would dilute its current shareholders.

On October 13, 2009, TBIRD announced that it extended its public offering until October 22, 2009.

The extension of the offering provides Beneficial with certain insight as to TBIRD's progress, if any. As a result, Beneficial will continue to monitor the success of their offering to gauge whether or not their dilution of the present holders impaired the future goodwill of the company or if the share numbers offered were inflated and never meant to be sold in total.

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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