SOURCE: BIH Corporation

April 28, 2008 12:34 ET

BIH Corporation Investor Update: Share Structure

FT. MYERS, FL--(Marketwire - April 28, 2008) - BIH Corporation (PINKSHEETS: BIHC) today announced an Investor Update regarding the Company's Share Structure.

The Company has received a multitude of inquiries regarding its Share Structure and in response the following is an exact and official outline of the Company's Capitalization:

Authorized Shares:                  180,000,000 Common Shares
Outstanding Shares:                  87,586,348 Common Shares
Restricted Shares:                   63,000,000 Common Shares
(In Managements Control
And Restricted for Two Years)
Public Float:                        24,586,348 Common Shares

The Company will continue to grow its business through traditional debt financing opposed to equity financing and thus the Company's capitalization will continue to remain the same.

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