Beneficial Holdings Inc.  (Pink Sheets:  BFHJ)

March 17, 2010 11:53 ET

Beneficial Holdings Inc. Provides Final Dividend Update

LAS VEGAS, NV--(Marketwire - March 17, 2010) -  Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today updated shareholders as to the progress of the Company's dividend submission.

On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:

"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:

Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.

Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010"

The Company notes that shareholders with shares at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).


Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.

The Company's authorized shares are 903,000,000 to accommodate the dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend. 

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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