SOURCE: BIH Corporation

June 19, 2008 12:23 ET

BIH Corporation Continues Its Buyback Program

WEST ORANGE, NJ--(Marketwire - June 19, 2008) - BIH Corporation (PINKSHEETS: BIHC) today announced that it is continuing with its previously announced buyback program.

The company to date has purchased through an independent 3rd party of close to 15 Million Shares on the open market and will continue to buyback shares per its previous announcement.

All shares will be retired and returned to the Company's Transfer Agent upon completion of the buyback.

About BIH Corporation:

BIH Corporation operations consists of the recently acquired wholly owned subsidiary Baron International, a 25-year-old specialty beverage systems equipment sales, service supplier, walk-in refrigeration, AC systems, restaurant design & build out and much more enterprise.

Some of Baron International clients include Citi Field, Applebees, National Amusements, Pepsi Corporate, Dunkin Donuts, McDonalds, Burger King, and many other major recognized establishments.

"Our company is taking this action due to the fact that in our opinion the company's securities are still extremely undervalued and the company will continue to take whatever steps necessary to enhance the Company's and Shareholder value," said Cris Galo, President & CEO.

This press release does not constitute an offer of any securities for sale. This press release 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • Contact:
    BIH Corporation
    Investor Relations
    Tel: 1-866-532-5908
    Fax: 1-239-437-5777