SOURCE: Beneficial Holdings, Inc.

August 11, 2009 08:57 ET

Beneficial Holdings, Inc. to Establish Panama Subsidiary

MANAGUA, NICARAGUA--(Marketwire - August 11, 2009) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino investment and management holding company, today announced that it will form a wholly owned Panamanian Society for additional acquisitions of gaming properties.

The Company, as part of its aggressive growth plan, has determined the next target market entry should be Panama. After careful review and rigorous evaluation of all statistical data regarding Beneficial's objectives and business model, the Company believes this is the next appropriate market to enter.

Beneficial has held talks about several potential acquisitions and determined that a subsidiary needs to be formed immediately. Beneficial (BFHJ and its shareholders) will own one hundred percent of any and all assets acquired through this subsidiary.

"The Company continues to pursue gaming acquisitions in other parts of Central America as it continues to execute its aggressive business plan," said Carolina Navarro, President of Beneficial Holdings, Inc.


Beneficial Holdings, Inc., is a Nevada corporation operating since 1990. The Company is an investor and management company of Central American gaming establishments. The Company's share structure is an authorized number of shares of 200,000,000, outstanding shares of 99,265,205, restricted shares 90,187,907, and free trading shares of 9,077,298.

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