-- the ongoing burden of time, costs, and expenses, both direct and indirect, associated with being listed on the AMEX and the preparation and filing of the Company's periodic reports with the SEC; -- the increase in such burden that the Company expects to incur as a public company in light of the Sarbanes-Oxley Act of 2002, particularly complying with Section 404 of such Act; -- the limited trading volume and liquidity of the Company's stock on the AMEX; and -- the lack of analyst coverage for the Company's stock.Delisting and deregistration will allow management to focus its resources on implementing the Company's business plan and position the Company to enhance long term stockholder value. The Company currently intends to update its stockholders with financial information on a regular basis. Commenting on these developments, Thomas B. Winmill, President of the Company, stated: "The burden in time and costs associated with public reporting obligations have a real affect on our results. In addition, due to our small market capitalization, we have not enjoyed many of the benefits traditionally associated with an AMEX listing. Our Board believes that stockholder value is best served through focusing on our business plan rather than maintaining our current public reporting status and AMEX listing. At this time, we expect to report progress through quarterly earnings announcements and other press releases. We currently intend to make available financial reports and other information to stockholders on our website, www.bexil.com." This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company's actual results to be materially different from those expressed or implied by such statements. Such risks, uncertainties and other factors include those described in the Company's filings with the Securities and Exchange Commission. The forward looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances. CUSIP 088577101
Contact Information: Contact: John F. Ramírez Secretary 1-212-785-0400, ext. 208 www.bexil.com