SOURCE: Beneficial Holdings, Inc.

September 18, 2009 08:05 ET

Beneficial Holdings, Inc. Reaches Tentative Agreement to Purchase Nicaraguan Gaming Establishments

LAS VEGAS, NV--(Marketwire - September 18, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that it has reached a tentative agreement to purchase seven profitable gaming establishments in Nicaragua. After completion, Beneficial will have eight Nicaraguan locations.

The Company intends to present its initial deposit within one week to ten days for the gaming facilities. Once the funds are paid, the company will proceed with final contracts and paying the balance to the present owner. At that time, full details about the locations will be provided via press release.

"While we've spent a lot of time discussing other prospective transactions, we did not stop working on our core business model which is to acquire gaming parlors and casinos in Central America. Our plans have not changed in any way as we are actively looking for and pursuing profitable gaming locations," Alex Papic, Vice President of Beneficial Holdings, Inc., said.

This press release does not constitute an offer of any securities for sale. It 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 statements involve risks and uncertainties that could cause actual results to differ. Statements in this press release are based on information available as of the date hereof, and the company undertakes no obligation to update any statement to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • Contact:
    Investor Relations
    Beneficial Holdings
    Email Contact
    (702) 522-1527