SOURCE: Beneficial Holdings, Inc.

Beneficial Holdings Inc.  (Pink Sheets:  BFHJ)

March 23, 2010 10:41 ET

Nicaragua's Ministerio de Salud Grants Health and Sanitation Permit to Beneficial Holdings' Hotel

LAS VEGAS, NV--(Marketwire - March 23, 2010) -  Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, through its subsidiary Recreaciones Beneficial, S.A., owns the Hotel Beneficial in Managua, Nicaragua.

The Company received notification that the Nicaraguan Ministerio de Salud granted the hotel permission to operate. The Government of Nicaragua performs a diligent review of hotels and restaurants that includes a physical inspection requiring all employees to undertake a medical examination. This review process is one of the reasons why hotels and restaurants in Nicaragua have a reputation for cleanliness and sanitation.

"We are pleased that the managers of Hotel Beneficial demonstrated to the Nicaraguan Ministry of Health that our hotel met the requirements for a health permit. Beneficial Holdings appreciates that the Government of Nicaragua has designed an efficient system to assure that hotels are safe for tourists and we believe that their program will increase tourism to their country and to our present and future hotels," Alex Papic, Vice President of Beneficial Holdings, said.

Now that Hotel Beneficial passed the health requirements necessary to serve food to its guests, management has applied to the Policia Nacional for a permit to serve alcoholic beverages to its guests. Management believes that the police will tour the facility this week.

"We're planning a grand opening celebration for early April, but management informs me that the facility will be open before then. We'll have pictures of our chef and staff on our website soon," Papic explained.

People traveling to Managua can make reservations at Hotel Beneficial by sending an email to


Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.

The Company's authorized shares are 903,000,000 to accommodate the six share dividend. Presently, there 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares.

This release does not constitute an offer of securities for sale. It contains 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 statements involve risks and uncertainties that could cause results to differ. Statements are based on information available as of today and the company undertakes no obligation to update any statement to reflect future occurrences. 

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