SOURCE: Beneficial Holdings, Inc.

January 21, 2010 01:00 ET

Beneficial Holdings, Inc. Enters Final Negotiations to Purchase Hotel in Managua, Nicaragua

LAS VEGAS, NV--(Marketwire - January 21, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, entered into final negotiations to purchase a hotel in Managua, Nicaragua. The hotel, to be known as "Hotel Beneficial," will be owned by one of Beneficial Holdings' Nicaraguan subsidiaries. Beneficial believes that the negotiations will be completed over the next three weeks. As soon as the Company takes possession of the premises, it will apply for a license to allow gaming on the property.

Presently, Beneficial possesses two gaming properties in Nicaragua and expects to take possession of a third location this month. The hotel will be the Company's fourth operating location. The Company's subsidiary will open an online casino for non-U.S. players at in February.


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 while creating its online casino. The company is in the process of issuing a 6 for every 1 share dividend. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.

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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