SOURCE: BIH Corporation

April 30, 2008 02:31 ET

BIH Corporation Reiterates Its Share Structure

FT. MYERS, FL--(Marketwire - April 30, 2008) - BIH Corporation (PINKSHEETS: BIHC) today announced at the shareholders' request a reiteration of the Company's Share structure.

The Company has taken this unusual action at the request of several shareholders in light of yesterday's attempt to harm the company's share price by a certain individual.

The Company's internal security has already identified the individual in question as a person from Texas and will notify the appropriate law enforcement agencies.

The Current Company Certified Share Structure is as Follows:

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

BIHC has already notified its attorneys to take swift and appropriate legal action against this individual, as it has been brought to our attention that it is the pattern of this individual to Manipulate Company's share prices in this fashion.

The Company has also directed its attorneys to pursue legal action against this individual for slander and tortuous business interference against the Company and its President Mr. Galo.

"I will not allow our fledging company to be a part of some attempted extortion by any individual with or without the assistance of any public forum to harm the company or its shareholders, I will aggressively protect our legal interests at any cost," said Cris Galo President, BIH Corporation.

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