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Inmates should be allowed to appeal to an unbiased panel of members so their stories can be presented and a just decision made.
This is the next destination for krew2
Looking fine.
That one share gives standing to sue this Texas piece of garbage.
Looks like they updated Pink Sheets with the current number of shares.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54678
Beneficial Holdings, Inc. Announces Preliminary Launch Date for Its Online Sportsbook
MANAGUA, NICARAGUA--(Marketwire - December 9, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), manager of the bet.cr by Beneficial casino and three gaming parlors in Nicaragua, today announced that its online sportsbook, sportsbook.cr, will be launched in less than thirty days.
Beneficial's bet.cr by Beneficial casino has been extremely successful in obtaining players. The Company believes that its online sportsbook will be even more successful. Additionally, Beneficial Marketing, Inc. will be able to jointly advertise the two websites.
To comply with current law, the online gaming sites will not accept residents of the United States of America and will be operated through Beneficial Holdings' international subsidiaries.
However, Beneficial Holdings will be monitoring state laws in the United States and will comply with any regulatory scheme that would allow it to legally operate where gaming is allowed. This may entail creating subsidiaries in legal states and assuring that servers are placed in those states and bets taken only from residents where gaming is legal in a manner not to affect interstate commerce. Beneficial will monitor the statutory schemes and only act in a manner that does not violate the laws of the United States.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holdings company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and it operates two gaming centers in Masaya. The Company operates the www.bet.cr by Beneficial online casino and the forthcoming www.sportsbook.cr site.
This communication 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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.sportsbook.com
www.hotelbeneficial.com/nica
+505-8367-3333 Telephone
Beneficial Holdings Announces Grand Opening of Its New Gaming Location
MASAYA, NICARAGUA--(Marketwire - November 30, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) announced that its new gaming center in Masaya, Nicaragua, will hold its grand opening on Friday, December 3, 2010.
The gaming center will be known as bet.cr Masaya. It will feature 25 gaming machines including electronic poker, slots, and multigame machines. The building was purchased on November 10, 2010, and is owned free and clear by Beneficial Holdings subsidiary, Recreaciones Beneficial, S.A., without any loan or mortgage.
"Masaya, Nicaragua, is a growing tourist area that will attract players from around the world," said Carolina Navarro, President of Beneficial Holdings, Inc. "The City of Masaya, along with the central Nicaraguan government, are doing a great job of developing Masaya into a community that is attractive for tourism and development. Recreaciones Beneficial is proud to be part of the city's future," Ms. Navarro explained.
The bet.cr Masaya gaming center will be competitive because of its modern machines and high payouts. "Word spreads quickly in Masaya about new businesses, and we'll capture an audience because we make sure our machines have a fair payout along with good service and comps for players," Ms. Navarro stated.
The Company will continue to brand its land-based gaming centers with the www.bet.cr name and will distribute software disks to all players who enter the gaming parlor.
Beneficial Holdings, Inc., through its subsidiaries, continues to review additional opportunities in Nicaragua and elsewhere.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holdings company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and it operates two gaming centers in Masaya. The Company operates the www.bet.cr by Beneficial online casino.
This communication 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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
Beneficial Holdings Completes Acquisition of New Gaming Location in Masaya, Nicaragua
MASAYA, NICARAGUA--(Marketwire - November 10, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) announced that, through its subsidiaries in Nicaragua, it has now closed on the previously announced second gaming center in Masaya, Nicaragua.
The current acquisition is located on a main commercial street near the Farmacia San Antonio and will house a slot parlor with approximately 25 modern gaming machines. The building that was acquired by the company is owned free and clear and has no loan or mortgage. It is titled to Recreaciones Beneficial, S.A., which is over 97% owned by Beneficial Holdings.
"We have already contracted the workmen to begin work on the location with instructions to build it out as one of the most elegant parlors in the area. The company authorized a generous budget for this build out as we believe this is a prime area. Our marketing arm is already preparing cross promotions with the www.bet.cr by Beneficial logo to supplement our website, www.bet.cr," said Carolina Navarro, President of Beneficial Holdings, Inc.
As with company policy at all locations, www.bet.cr online disks will be distributed to all players free of charge at the door so they may access our web-based casino from their home.
The gaming center, which will be operational in less than one month, will target tourists visiting Masaya's market area and focus on local mid and upper income players. "We believe that by having modern and advanced equipment at this new location we will be the place of choice to visit," Navarro said.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holdings company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and it operates two gaming centers in Masaya. The Company operates the www.bet.cr by Beneficial online casino.
This communication 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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
Beneficial Holdings Completes Acquisition of New Gaming Location in Masaya, Nicaragua
MASAYA, NICARAGUA--(Marketwire - November 10, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) announced that, through its subsidiaries in Nicaragua, it has now closed on the previously announced second gaming center in Masaya, Nicaragua.
The current acquisition is located on a main commercial street near the Farmacia San Antonio and will house a slot parlor with approximately 25 modern gaming machines. The building that was acquired by the company is owned free and clear and has no loan or mortgage. It is titled to Recreaciones Beneficial, S.A., which is over 97% owned by Beneficial Holdings.
"We have already contracted the workmen to begin work on the location with instructions to build it out as one of the most elegant parlors in the area. The company authorized a generous budget for this build out as we believe this is a prime area. Our marketing arm is already preparing cross promotions with the www.bet.cr by Beneficial logo to supplement our website, www.bet.cr," said Carolina Navarro, President of Beneficial Holdings, Inc.
As with company policy at all locations, www.bet.cr online disks will be distributed to all players free of charge at the door so they may access our web-based casino from their home.
The gaming center, which will be operational in less than one month, will target tourists visiting Masaya's market area and focus on local mid and upper income players. "We believe that by having modern and advanced equipment at this new location we will be the place of choice to visit," Navarro said.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holdings company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and it operates two gaming centers in Masaya. The Company operates the www.bet.cr by Beneficial online casino.
This communication 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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
Grupo Beneficial Announces That Its Casino Goes Live
SAN JOSE, COSTA RICA--(Marketwire - October 11, 2010) - Grupo Beneficial, S.A., subsidiary of Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), announces that its bet.cr by Beneficial casino is now officially live and accepting deposits from non-United States residents.
Potential customers can now make deposits to bet.cr by Beneficial and play the games for real money. There is a choice of a downloadable version of the software or flash-based online games.
The downloadable software is fast and efficient and contains no spyware or adware. The software uses very little memory and creates a direct connection between you and the casino. The software updates itself automatically and is easy to use. Players wishing to experience the full bet.cr by Beneficial can download the software at http://www.bet.cr/download.php . Players wishing to play only the flash-based games should visit the main homepage at http://www.bet.cr and clicking on the orange message that says, "Play our instant browser based games now."
There is a progressive jackpot that presently totals over a million dollars. Some of the slot games have jackpots that currently exceed two-hundred thousand dollars.
Over the next week, our engineers will be finalizing disk that will be mailed to those who requested it. The disk will allow potential players to receive the latest software update and to play games for fun or money. The software will also be made available on various internet sites.
Additional modifications to the site may occur in the near future; however, the software is working and will update itself and incorporate all changes that are made later on.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holding company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and a slot parlor in Masaya, Nicaragua. The Company has agreements in place to build another hotel in El Crucero, Nicaragua, and is negotiating several Central American gaming projects.
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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
Grupo Beneficial Announces That Its Casino Goes Live
SAN JOSE, COSTA RICA--(Marketwire - October 11, 2010) - Grupo Beneficial, S.A., subsidiary of Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), announces that its bet.cr by Beneficial casino is now officially live and accepting deposits from non-United States residents.
Potential customers can now make deposits to bet.cr by Beneficial and play the games for real money. There is a choice of a downloadable version of the software or flash-based online games.
The downloadable software is fast and efficient and contains no spyware or adware. The software uses very little memory and creates a direct connection between you and the casino. The software updates itself automatically and is easy to use. Players wishing to experience the full bet.cr by Beneficial can download the software at http://www.bet.cr/download.php . Players wishing to play only the flash-based games should visit the main homepage at http://www.bet.cr and clicking on the orange message that says, "Play our instant browser based games now."
There is a progressive jackpot that presently totals over a million dollars. Some of the slot games have jackpots that currently exceed two-hundred thousand dollars.
Over the next week, our engineers will be finalizing disk that will be mailed to those who requested it. The disk will allow potential players to receive the latest software update and to play games for fun or money. The software will also be made available on various internet sites.
Additional modifications to the site may occur in the near future; however, the software is working and will update itself and incorporate all changes that are made later on.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is a casino investment holding company, specializing in acquiring undervalued gaming assets. The Company owns a hotel in Managua, a restaurant, bar, and casino also in Managua, and a slot parlor in Masaya, Nicaragua. The Company has agreements in place to build another hotel in El Crucero, Nicaragua, and is negotiating several Central American gaming projects.
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 statements to reflect future occurrences.
Media Relations
Beneficial Marketing, Inc.
www.beneficialholdings.info
www.bet.cr
www.hotelbeneficial.com
+505-8367-3333 Telephone
ACDU NEWS OUT!
Accredited Business Consolidators Corp. Provides Update
DOYLESTOWN, Pa., June 23, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided an update regarding the status of its filings.
Presently, the Company is working on its accountings for both the parent and the subsidiaries.
A crucial part of the Company's business plan is to file registration statements for its subsidiaries so that those entities can legally raise money to finance the operations. To accomplish this, audited financial statements must be submitted to the Securities and Exchange Commission. "While the parent company may never add a single new share of common stock, the subsidiaries will have a need to raise capital through equity," said Joanna Chmielewska, President of AccreditedBiz.
As stated previously, AccreditedBiz annual reports for 2008 were delayed as a result of the Company's necessity to obtain transactional data from third parties. The transactional data has been completed and entered into ledgers. The Company's accounting consultants are editing the financial statements for submission to the auditor. Year 2009 transactional data has been compiled and the accountants are in the process of completing the reports. The reports for some subsidiaries will be consolidated in the 2009 reports. Richwood Eco Ventures, Inc., and Accredited Suppliers Corp., will be accounted for separately.
The accountants have completed Accredited Suppliers Corp.'s preliminary balance sheets for 2009 and first quarter 2010. The accountant for Accredited Suppliers Corp. is entering data for April and May 2010 into the ledgers and will be completed before the end of June. Within three days from the end of the second quarter, the managers of Accredited Suppliers will turn over documents to the accountant and he will immediately enter the data and create finalized balance sheets for 2009, Q1 2010, and Q2 2010. We believe that he will be completed with this process within two weeks into July 2010. At this time, the documents will all be turned over to the auditor. Within ten days of audit approval, we will file the registration statement for Accredited Suppliers Corp.
We similarly expect Richwood Eco Ventures to be completed with all transactional data for 2009 and Q1 2010 and Q2 2010 by July 1, 2010. The accountants working on this project will be asked to complete the documents promptly so they can be turned over to the auditor so the registration statement can be filed.
As to the 2009 reports for the parent, several complicated transactions, including how we accounted for the Lehman Brothers Bonds we purchased, and the necessity of including December 2009 Accredited Suppliers Corp. documentation within the Securities and Exchange Commission filings, caused us to fail to meet our deadline to have the filing completed by June 30, 2010, as we expected. We hope that we can submit the documents to the auditor within 21 days. Also within 21 days, we hope to file unaudited quarterly reports for 2009 and, within thirty-five days, submit the unaudited quarterly filing for Q1 2010. We are planning to file Q2 2010 on time, or at least within the fifteen day extension window.
We expect to have an audit package from inception for Calichi Sino within sixty days. Once the auditor approves the package, we will move to promptly file the registration statement.
These deadlines are not etched in stone, but assume that there are no severe complications. "Shareholders need to understand that the whole concept of our subsidiaries is that they will be able to raise money through proper registration statements so that they can grow and become viable, profitable enterprises. Some delays were outside of our control, and others are plainly our fault due to staffing and other issues. However, we're working hard to keep everything together. For instance, our Accredited Suppliers officers are personally driving the company van and sleeping in low cost hostels while distributing auto parts in rural Central American cities. Had the documents been completed on time, they would already have funding to hire additional staff to replicate their profitable business program. Nevertheless, everyone is moving forward and we will ultimately complete our program," explained Andy William, Vice President of AccreditedBiz.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least 2011.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. Provides Update Regarding the Status of Its Filings
DOYLESTOWN, Pa., June 23, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided an update regarding the status of its filings.
Presently, the Company is working on its accountings for both the parent and the subsidiaries.
A crucial part of the Company's business plan is to file registration statements for its subsidiaries so that those entities can legally raise money to finance the operations. To accomplish this, audited financial statements must be submitted to the Securities and Exchange Commission. "While the parent company may never add a single new share of common stock, the subsidiaries will have a need to raise capital through equity," said Joanna Chmielewska, President of AccreditedBiz.
As stated previously, AccreditedBiz annual reports for 2008 were delayed as a result of the Company's necessity to obtain transactional data from third parties. The transactional data has been completed and entered into ledgers. The Company's accounting consultants are editing the financial statements for submission to the auditor. Year 2009 transactional data has been compiled and the accountants are in the process of completing the reports. The reports for some subsidiaries will be consolidated in the 2009 reports. Richwood Eco Ventures, Inc., and Accredited Suppliers Corp., will be accounted for separately.
The accountants have completed Accredited Suppliers Corp.'s preliminary balance sheets for 2009 and first quarter 2010. The accountant for Accredited Suppliers Corp. is entering data for April and May 2010 into the ledgers and will be completed before the end of June. Within three days from the end of the second quarter, the managers of Accredited Suppliers will turn over documents to the accountant and he will immediately enter the data and create finalized balance sheets for 2009, Q1 2010, and Q2 2010. We believe that he will be completed with this process within two weeks into July 2010. At this time, the documents will all be turned over to the auditor. Within ten days of audit approval, we will file the registration statement for Accredited Suppliers Corp.
We similarly expect Richwood Eco Ventures to be completed with all transactional data for 2009 and Q1 2010 and Q2 2010 by July 1, 2010. The accountants working on this project will be asked to complete the documents promptly so they can be turned over to the auditor so the registration statement can be filed.
As to the 2009 reports for the parent, several complicated transactions, including how we accounted for the Lehman Brothers Bonds we purchased, and the necessity of including December 2009 Accredited Suppliers Corp. documentation within the Securities and Exchange Commission filings, caused us to fail to meet our deadline to have the filing completed by June 30, 2010, as we expected. We hope that we can submit the documents to the auditor within 21 days. Also within 21 days, we hope to file unaudited quarterly reports for 2009 and, within thirty-five days, submit the unaudited quarterly filing for Q1 2010. We are planning to file Q2 2010 on time, or at least within the fifteen day extension window.
We expect to have an audit package from inception for Calichi Sino within sixty days. Once the auditor approves the package, we will move to promptly file the registration statement.
These deadlines are not etched in stone, but assume that there are no severe complications. "Shareholders need to understand that the whole concept of our subsidiaries is that they will be able to raise money through proper registration statements so that they can grow and become viable, profitable enterprises. Some delays were outside of our control, and others are plainly our fault due to staffing and other issues. However, we're working hard to keep everything together. For instance, our Accredited Suppliers officers are personally driving the company van and sleeping in low cost hostels while distributing auto parts in rural Central American cities. Had the documents been completed on time, they would already have funding to hire additional staff to replicate their profitable business program. Nevertheless, everyone is moving forward and we will ultimately complete our program," explained Andy William, Vice President of AccreditedBiz.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least 2011.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. Provides Update Regarding the Status of Its Filings
DOYLESTOWN, Pa., June 23, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided an update regarding the status of its filings.
Presently, the Company is working on its accountings for both the parent and the subsidiaries.
A crucial part of the Company's business plan is to file registration statements for its subsidiaries so that those entities can legally raise money to finance the operations. To accomplish this, audited financial statements must be submitted to the Securities and Exchange Commission. "While the parent company may never add a single new share of common stock, the subsidiaries will have a need to raise capital through equity," said Joanna Chmielewska, President of AccreditedBiz.
As stated previously, AccreditedBiz annual reports for 2008 were delayed as a result of the Company's necessity to obtain transactional data from third parties. The transactional data has been completed and entered into ledgers. The Company's accounting consultants are editing the financial statements for submission to the auditor. Year 2009 transactional data has been compiled and the accountants are in the process of completing the reports. The reports for some subsidiaries will be consolidated in the 2009 reports. Richwood Eco Ventures, Inc., and Accredited Suppliers Corp., will be accounted for separately.
The accountants have completed Accredited Suppliers Corp.'s preliminary balance sheets for 2009 and first quarter 2010. The accountant for Accredited Suppliers Corp. is entering data for April and May 2010 into the ledgers and will be completed before the end of June. Within three days from the end of the second quarter, the managers of Accredited Suppliers will turn over documents to the accountant and he will immediately enter the data and create finalized balance sheets for 2009, Q1 2010, and Q2 2010. We believe that he will be completed with this process within two weeks into July 2010. At this time, the documents will all be turned over to the auditor. Within ten days of audit approval, we will file the registration statement for Accredited Suppliers Corp.
We similarly expect Richwood Eco Ventures to be completed with all transactional data for 2009 and Q1 2010 and Q2 2010 by July 1, 2010. The accountants working on this project will be asked to complete the documents promptly so they can be turned over to the auditor so the registration statement can be filed.
As to the 2009 reports for the parent, several complicated transactions, including how we accounted for the Lehman Brothers Bonds we purchased, and the necessity of including December 2009 Accredited Suppliers Corp. documentation within the Securities and Exchange Commission filings, caused us to fail to meet our deadline to have the filing completed by June 30, 2010, as we expected. We hope that we can submit the documents to the auditor within 21 days. Also within 21 days, we hope to file unaudited quarterly reports for 2009 and, within thirty-five days, submit the unaudited quarterly filing for Q1 2010. We are planning to file Q2 2010 on time, or at least within the fifteen day extension window.
We expect to have an audit package from inception for Calichi Sino within sixty days. Once the auditor approves the package, we will move to promptly file the registration statement.
These deadlines are not etched in stone, but assume that there are no severe complications. "Shareholders need to understand that the whole concept of our subsidiaries is that they will be able to raise money through proper registration statements so that they can grow and become viable, profitable enterprises. Some delays were outside of our control, and others are plainly our fault due to staffing and other issues. However, we're working hard to keep everything together. For instance, our Accredited Suppliers officers are personally driving the company van and sleeping in low cost hostels while distributing auto parts in rural Central American cities. Had the documents been completed on time, they would already have funding to hire additional staff to replicate their profitable business program. Nevertheless, everyone is moving forward and we will ultimately complete our program," explained Andy William, Vice President of AccreditedBiz.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least 2011.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
ACDU NEWS OUT
Accredited Business Consolidators Corp. Provides General Business Update DOYLESTOWN, Pa., June 14, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided a general business update.
The Company continues to restructure its Richwood Eco Ventures Inc. subsidiary. Acting President Gertzen Perez finished his term and assisted the Company make various contacts with third parties for potential joint ventures. Andy William will assume the role of Acting President until the Company can name a permanent successor. The Company is focusing on finding a partner that will be able to make use of the equipment we own. Several prospective business arrangements are being discussed with multiple parties that have existing wood processing or timber export businesses.
Accredited Suppliers Corp. continues to operate its business at a profit; however, the operation remains small with only one vehicle on the road and a total of four agents. ASC is relying on moving forward with its registration statement so that it can raise additional capital and replicate its present operation on a larger scale. ASC streamlined its accounting procedures so that documents are provided in a timely manner to our bookkeepers. Presently, our Nicaraguan accountant is working on the financial reports from inception for this subsidiary.
The Company expects the documents for Accredited RAC, the rental agency subsidiary, to be accepted this week by the Pennsylvania Secretary of State. The Company retained Attorney Harold Montiel from Managua, Nicaragua, to form the Nicaraguan entity.
The Company understands that Costa Rican retail shop, Marilyn Boutique, will expand to Spain with its second retail shop before the end of the year. The Company agreed to assist the Costa Rican company which it owns 25% of. The Company believes that expansion in Europe, where there is an additional premium on unique culture-based clothing, will create substantial growth.
The Company received a report from the executives of Soluciones Faciles, S.A., the Costa Rican enterprise that we own 25% of. The report indicates that during the experimental stage of the Company, it was able to receive a return of over 30% per annum on its loans – even factoring in defaults and costs. As a result, Soluciones Faciles S.A. must seriously consider whether it will create a vehicle to raise capital from direct investors to fund additional loans and expand to several offices or whether it should continue to grow using house capital.
The Company hopes to provide additional information on other projects as soon as practicable. Shareholders are advised to watch the official 8-K filings with the Securities and Exchange Commission to see when documents are actually filed with state agencies.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. Provides General Business Update
DOYLESTOWN, Pa., June 14, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided a general business update.
The Company continues to restructure its Richwood Eco Ventures Inc. subsidiary. Acting President Gertzen Perez finished his term and assisted the Company make various contacts with third parties for potential joint ventures. Andy William will assume the role of Acting President until the Company can name a permanent successor. The Company is focusing on finding a partner that will be able to make use of the equipment we own. Several prospective business arrangements are being discussed with multiple parties that have existing wood processing or timber export businesses.
Accredited Suppliers Corp. continues to operate its business at a profit; however, the operation remains small with only one vehicle on the road and a total of four agents. ASC is relying on moving forward with its registration statement so that it can raise additional capital and replicate its present operation on a larger scale. ASC streamlined its accounting procedures so that documents are provided in a timely manner to our bookkeepers. Presently, our Nicaraguan accountant is working on the financial reports from inception for this subsidiary.
The Company expects the documents for Accredited RAC, the rental agency subsidiary, to be accepted this week by the Pennsylvania Secretary of State. The Company retained Attorney Harold Montiel from Managua, Nicaragua, to form the Nicaraguan entity.
The Company understands that Costa Rican retail shop, Marilyn Boutique, will expand to Spain with its second retail shop before the end of the year. The Company agreed to assist the Costa Rican company which it owns 25% of. The Company believes that expansion in Europe, where there is an additional premium on unique culture-based clothing, will create substantial growth.
The Company received a report from the executives of Soluciones Faciles, S.A., the Costa Rican enterprise that we own 25% of. The report indicates that during the experimental stage of the Company, it was able to receive a return of over 30% per annum on its loans – even factoring in defaults and costs. As a result, Soluciones Faciles S.A. must seriously consider whether it will create a vehicle to raise capital from direct investors to fund additional loans and expand to several offices or whether it should continue to grow using house capital.
The Company hopes to provide additional information on other projects as soon as practicable. Shareholders are advised to watch the official 8-K filings with the Securities and Exchange Commission to see when documents are actually filed with state agencies.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. Provides General Business Update
DOYLESTOWN, Pa., June 14, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp., (Pink Sheets:ACDU), today provided a general business update.
The Company continues to restructure its Richwood Eco Ventures Inc. subsidiary. Acting President Gertzen Perez finished his term and assisted the Company make various contacts with third parties for potential joint ventures. Andy William will assume the role of Acting President until the Company can name a permanent successor. The Company is focusing on finding a partner that will be able to make use of the equipment we own. Several prospective business arrangements are being discussed with multiple parties that have existing wood processing or timber export businesses.
Accredited Suppliers Corp. continues to operate its business at a profit; however, the operation remains small with only one vehicle on the road and a total of four agents. ASC is relying on moving forward with its registration statement so that it can raise additional capital and replicate its present operation on a larger scale. ASC streamlined its accounting procedures so that documents are provided in a timely manner to our bookkeepers. Presently, our Nicaraguan accountant is working on the financial reports from inception for this subsidiary.
The Company expects the documents for Accredited RAC, the rental agency subsidiary, to be accepted this week by the Pennsylvania Secretary of State. The Company retained Attorney Harold Montiel from Managua, Nicaragua, to form the Nicaraguan entity.
The Company understands that Costa Rican retail shop, Marilyn Boutique, will expand to Spain with its second retail shop before the end of the year. The Company agreed to assist the Costa Rican company which it owns 25% of. The Company believes that expansion in Europe, where there is an additional premium on unique culture-based clothing, will create substantial growth.
The Company received a report from the executives of Soluciones Faciles, S.A., the Costa Rican enterprise that we own 25% of. The report indicates that during the experimental stage of the Company, it was able to receive a return of over 30% per annum on its loans – even factoring in defaults and costs. As a result, Soluciones Faciles S.A. must seriously consider whether it will create a vehicle to raise capital from direct investors to fund additional loans and expand to several offices or whether it should continue to grow using house capital.
The Company hopes to provide additional information on other projects as soon as practicable. Shareholders are advised to watch the official 8-K filings with the Securities and Exchange Commission to see when documents are actually filed with state agencies.
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common share outstanding is 436,399,566, 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
info@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. has news out after seven weeks
ACDU news finally out been 7 weeks
Accredited Business Consolidators Corp. Joins Identifier Inc. to Offer Free Public Information Database
DOYLESTOWN, Pa., June 8, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (Pink Sheets:ACDU) issued a resolution to participate in the formation of Identifier Inc., a corporation that it will own approximately 29% of the common and preferred shares.
Identifier Inc. will create a publicly accessible wiki-style database that allows persons with internet access to create profiles that disclose information. The database will allow people to search for third parties, or to enter information about third parties, by the username they use on public message boards such as Yahoo, Wikipedia, Google, MySpace, InvestorsHub.com, Raging Bull, Twitter, and most websites. Searches may also be done by telephone number or address, creating a wiki-style telephone directory. Comments may be added so that the system is self correcting, but original data will not be able to be changed or deleted by disgruntled users. Persons who believe that incorrect information has been posted will be able to file an appeal to have the information removed, and Identifier Inc. will conduct an appropriate investigation. If Identifier Inc. cannot verify that the information is inaccurate, it will allow the protester to make a 100 word comment that will appear alongside the data. Identifier Inc. will not remove accurate information simply because a person does not wish for their moniker to have been identified or linked with their name.
Identifier Inc. will begin programming the websites immediately and expects beta versions to be available in 60 to 90 days. Identifier Inc. may conduct a public offering to raise money for the purchase of servers and business expenses, but the initial capital to create the sites and host them on servers in Germany operated by AccreditedBiz is on hand. Revenues will be generated through advertising.
"Identifier Inc.'s sites will be controversial, but ethical and legal. Certainly, we'll irritate some people, but we hope that Identifier Inc. will become a household name on the internet," said Andy William, Vice President of AccreditedBiz.
Identifier Inc. has already registered the following websites for the program:
www.postidentifier.com
www.posteridentifier.com
www.useridentifier.com
www.usernameidentifier.com
www.emailidentifier.com
www.telephoneidentifier.com
www.numberidentifier.com
www.addressidentifier.com
www.ididentifier.com
www.ipaddressidentifier.com
www.criminalidentifier.com
www.offenderidentifier.com
www.postidentifier.net
www.posteridentifier.net
www.useridentifier.net
www.usernameidentifier.net
www.emailidentifier.net
www.phoneidentifier.net
www.telephoneidentifier.net
www.numberidentifier.net
www.addressidentifier.net
www.ididentifier.net
www.phonenumberidentifier.net
www.calleridentifier.net
www.ipaddressidentifier.net
www.ipidentifier.net
www.criminalidentifier.net
www.offenderidentifier.net
www.postidentifier.org
www.posteridentifier.org
www.useridentifier.org
www.usernameidentifier.org
www.emailidentifier.org
www.phoneidentifier.org
www.telephoneidentifier.org
www.numberidentifier.org
www.addressidentifier.org
www.ididentifier.org
www.phonenumberidentifier.org
www.calleridentifier.org
www.ipaddressidentifier.org
www.ipidentifier.org
www.criminalidentifier.org
www.offenderidentifier.org
www.identifierwiki.com
www.wikiidentifier.com
www.identifierwiki.net
www.wikiidentifier.net
Investor Relations
AccreditedBiz and Identifier Inc.
www.accreditedbiz.com
www.identifierinc.com
196 West Ashland
Doylestown, PA 18901
267-864-7737 fax 267-371-5168
info@accreditedbiz.com
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common shares outstanding is 436,399,566; 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Envirocare Inc. alliance member of Calichi Sino, Inc.
Investor Relations
267-864-7737
Fax: 267-371-5168
envirocare@accreditedbiz.com
Twitter: accreditedbiz
Accredited Business Consolidators Corp. Joins Identifier Inc. to Offer Free Public Information Database
DOYLESTOWN, Pa., June 8, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (Pink Sheets:ACDU) issued a resolution to participate in the formation of Identifier Inc., a corporation that it will own approximately 29% of the common and preferred shares.
Identifier Inc. will create a publicly accessible wiki-style database that allows persons with internet access to create profiles that disclose information. The database will allow people to search for third parties, or to enter information about third parties, by the username they use on public message boards such as Yahoo, Wikipedia, Google, MySpace, InvestorsHub.com, Raging Bull, Twitter, and most websites. Searches may also be done by telephone number or address, creating a wiki-style telephone directory. Comments may be added so that the system is self correcting, but original data will not be able to be changed or deleted by disgruntled users. Persons who believe that incorrect information has been posted will be able to file an appeal to have the information removed, and Identifier Inc. will conduct an appropriate investigation. If Identifier Inc. cannot verify that the information is inaccurate, it will allow the protester to make a 100 word comment that will appear alongside the data. Identifier Inc. will not remove accurate information simply because a person does not wish for their moniker to have been identified or linked with their name.
Identifier Inc. will begin programming the websites immediately and expects beta versions to be available in 60 to 90 days. Identifier Inc. may conduct a public offering to raise money for the purchase of servers and business expenses, but the initial capital to create the sites and host them on servers in Germany operated by AccreditedBiz is on hand. Revenues will be generated through advertising.
"Identifier Inc.'s sites will be controversial, but ethical and legal. Certainly, we'll irritate some people, but we hope that Identifier Inc. will become a household name on the internet," said Andy William, Vice President of AccreditedBiz.
Identifier Inc. has already registered the following websites for the program:
www.postidentifier.com
www.posteridentifier.com
www.useridentifier.com
www.usernameidentifier.com
www.emailidentifier.com
www.telephoneidentifier.com
www.numberidentifier.com
www.addressidentifier.com
www.ididentifier.com
www.ipaddressidentifier.com
www.criminalidentifier.com
www.offenderidentifier.com
www.postidentifier.net
www.posteridentifier.net
www.useridentifier.net
www.usernameidentifier.net
www.emailidentifier.net
www.phoneidentifier.net
www.telephoneidentifier.net
www.numberidentifier.net
www.addressidentifier.net
www.ididentifier.net
www.phonenumberidentifier.net
www.calleridentifier.net
www.ipaddressidentifier.net
www.ipidentifier.net
www.criminalidentifier.net
www.offenderidentifier.net
www.postidentifier.org
www.posteridentifier.org
www.useridentifier.org
www.usernameidentifier.org
www.emailidentifier.org
www.phoneidentifier.org
www.telephoneidentifier.org
www.numberidentifier.org
www.addressidentifier.org
www.ididentifier.org
www.phonenumberidentifier.org
www.calleridentifier.org
www.ipaddressidentifier.org
www.ipidentifier.org
www.criminalidentifier.org
www.offenderidentifier.org
www.identifierwiki.com
www.wikiidentifier.com
www.identifierwiki.net
www.wikiidentifier.net
Investor Relations
AccreditedBiz and Identifier Inc.
www.accreditedbiz.com
www.identifierinc.com
196 West Ashland
Doylestown, PA 18901
267-864-7737 fax 267-371-5168
info@accreditedbiz.com
ABOUT ACCREDITED BUSINESS CONSOLIDATORS CORP.
ACDU is a diversified holding corporation. The total number of authorized common shares is 450,000,000, and the common shares outstanding is 436,399,566; 329,086,266 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There was an increase of 66 shares due to a correction to post-split shares at the request of the DTCC. There will be no increases in shares until at least December 1, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Envirocare Inc. alliance member of Calichi Sino, Inc.
Investor Relations
267-864-7737
Fax: 267-371-5168
envirocare@accreditedbiz.com
Twitter: accreditedbiz
Beneficial Holdings Executes Letter of Intent for a Second Hotel and Gaming Venture May 20, 2010 01:14 ET
EL CRUCERO, NICARAGUA--(Marketwire - May 20, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, previously announced that it entered into negotiations to build a tourist hotel and gaming parlor in El Crucero, Nicaragua.
El Crucero, although a popular tourist area due to its magnificent views, cool temperatures, and other attractions, does not have a modern hotel or a casino. Beneficial Holdings believes that the project will fill the void in the development of tourism in the area.
The project was slated to be a joint venture between a Beneficial subsidiary and a Nicaraguan property developer with rights to the land.
On May 18, 2010, Beneficial and the developer reached agreed upon terms and entered into a letter of intent. "Now the attorneys will put the letter of intent into a contract form and we will proceed with the development of the land," said Alex Papic, Vice President of Beneficial Holdings.
Because of the property's altitude, the operational cost of the hotel will be very low because neither heating nor full time use of air conditioners will be needed. "It's in an area where, on a warmer day, you might run an air conditioner for an hour or two at the most. The largest expense for a hotel in Nicaragua is electrical costs from running air conditioners," Papic explained.
The hotel will be Beneficial Holdings' second hospitality property. In addition, the Company operates two gaming establishments.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
May 20, 2010 01:14 ET
Beneficial Holdings Executes Letter of Intent for a Second Hotel and Gaming Venture
EL CRUCERO, NICARAGUA--(Marketwire - May 20, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, previously announced that it entered into negotiations to build a tourist hotel and gaming parlor in El Crucero, Nicaragua.
El Crucero, although a popular tourist area due to its magnificent views, cool temperatures, and other attractions, does not have a modern hotel or a casino. Beneficial Holdings believes that the project will fill the void in the development of tourism in the area.
The project was slated to be a joint venture between a Beneficial subsidiary and a Nicaraguan property developer with rights to the land.
On May 18, 2010, Beneficial and the developer reached agreed upon terms and entered into a letter of intent. "Now the attorneys will put the letter of intent into a contract form and we will proceed with the development of the land," said Alex Papic, Vice President of Beneficial Holdings.
Because of the property's altitude, the operational cost of the hotel will be very low because neither heating nor full time use of air conditioners will be needed. "It's in an area where, on a warmer day, you might run an air conditioner for an hour or two at the most. The largest expense for a hotel in Nicaragua is electrical costs from running air conditioners," Papic explained.
The hotel will be Beneficial Holdings' second hospitality property. In addition, the Company operates two gaming establishments.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc. is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings, Inc. Updates Shareholders Regarding Current Company Operations
LAS VEGAS, NV--(Marketwire - April 16, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, today issued guidance regarding the company going forward.
Beneficial Holdings currently operates three properties. The Vereda Tropical casino near the Huembes Market in Managua, Nicaragua, location offers casino gaming, a full bar, and food. Secondly, the Company also operates the Buchona casino gaming parlor in Masaya, Nicaragua. Thirdly, the Company owns and operates the Hotel Beneficial Las Palmas, a hotel in the Montoya, Las Palmas, area of Managua. The Company plans the hotel's grand opening April 23, 2010.
The Company is currently developing an online presence through a digital casino that will be available via www.bet.cr. The online casino will offer a downloadable program that will enable customers from non-United States areas to play their favorite table and slot games. The company has licensed the casino in Costa Rica. The Company anticipates that they will have its beta version completed very soon and will be ready to mail disks to consumers by May. The online site is still being developed and is in the testing stages. We are hopeful that the model will provide a revenue stream and customer loyalty similar to online casinos such as bodog.com and Virgin Games.
The Company is aggressively pursuing the previously announced purchase of seven gaming locations throughout Nicaragua. The Company has already acquired the Buchona location through this arrangement. The current understanding, although it has been delayed due to legal and permit issues, remains on track. The Company also expects to take possession of a location in Tipita, Nicaragua, over the next few weeks. The remaining locations should be acquired and consolidated within our portfolio during the summer of 2010.
The Company also is presently negotiating 39 slot parlor locations throughout Nicaragua. This acquisition would generate revenue of $10,250,000 in addition to current revenues.
In 2009, BFHJ made an offer to acquire Thunderbird Resorts' (TBIRD) capital stock for $42,000,000. TBIRD responded by issuing a poison pill offering that would have significantly diluted its stock.
"We are pleased with our progress into the gaming industry in Central America, however we are now more aggressive than ever as to our plans to acquire or develop more locations as we believe this is the place to be for casino gaming," said Alex Papic, Vice President of Beneficial Holdings.
About Beneficial Holdings:
Beneficial has 903,000,000 shares authorized and no plans to increase its authorized shares. The majority of the shares are restricted, such as the control block, and these shares cannot be traded. Less than 275,884,651 free trading shares exist. There are 627,115,349 long term restricted shares. The Company previously issued a 6 for 1 share dividend to create liquidity. While the stock is more liquid, the price has actually fallen and the stock continues to suffer from what appears to be day trading and short trading. According to daily reports released by FINRA, on some days, between 60 and 90 percent of the Company's share trading volume is a result of short selling. The Company is looking into methods to curtail this manipulation and to bring more transparency and value to the shareholders.
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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings, Inc. Updates Shareholders Regarding Current Company Operations
LAS VEGAS, NV--(Marketwire - April 16, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, today issued guidance regarding the company going forward.
Beneficial Holdings currently operates three properties. The Vereda Tropical casino near the Huembes Market in Managua, Nicaragua, location offers casino gaming, a full bar, and food. Secondly, the Company also operates the Buchona casino gaming parlor in Masaya, Nicaragua. Thirdly, the Company owns and operates the Hotel Beneficial Las Palmas, a hotel in the Montoya, Las Palmas, area of Managua. The Company plans the hotel's grand opening April 23, 2010.
The Company is currently developing an online presence through a digital casino that will be available via www.bet.cr. The online casino will offer a downloadable program that will enable customers from non-United States areas to play their favorite table and slot games. The company has licensed the casino in Costa Rica. The Company anticipates that they will have its beta version completed very soon and will be ready to mail disks to consumers by May. The online site is still being developed and is in the testing stages. We are hopeful that the model will provide a revenue stream and customer loyalty similar to online casinos such as bodog.com and Virgin Games.
The Company is aggressively pursuing the previously announced purchase of seven gaming locations throughout Nicaragua. The Company has already acquired the Buchona location through this arrangement. The current understanding, although it has been delayed due to legal and permit issues, remains on track. The Company also expects to take possession of a location in Tipita, Nicaragua, over the next few weeks. The remaining locations should be acquired and consolidated within our portfolio during the summer of 2010.
The Company also is presently negotiating 39 slot parlor locations throughout Nicaragua. This acquisition would generate revenue of $10,250,000 in addition to current revenues.
In 2009, BFHJ made an offer to acquire Thunderbird Resorts' (TBIRD) capital stock for $42,000,000. TBIRD responded by issuing a poison pill offering that would have significantly diluted its stock.
"We are pleased with our progress into the gaming industry in Central America, however we are now more aggressive than ever as to our plans to acquire or develop more locations as we believe this is the place to be for casino gaming," said Alex Papic, Vice President of Beneficial Holdings.
About Beneficial Holdings:
Beneficial has 903,000,000 shares authorized and no plans to increase its authorized shares. The majority of the shares are restricted, such as the control block, and these shares cannot be traded. Less than 275,884,651 free trading shares exist. There are 627,115,349 long term restricted shares. The Company previously issued a 6 for 1 share dividend to create liquidity. While the stock is more liquid, the price has actually fallen and the stock continues to suffer from what appears to be day trading and short trading. According to daily reports released by FINRA, on some days, between 60 and 90 percent of the Company's share trading volume is a result of short selling. The Company is looking into methods to curtail this manipulation and to bring more transparency and value to the shareholders.
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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Hotel Beneficial Announces Its Grand Opening and a Marketing Agreement With Zurich Systems
LAS VEGAS, NV--(Marketwire - April 13, 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 hotel has received all necessary tax, health, and fire permits to begin operations. As such, the hotel plans to officially go online on April 23, 2010. The Company owns the hotel free and clear of all liens.
The hotel has entered into a marketing agreement with Zurich Systems of Switzerland. Zurich will place the hotel's unsold rooms on electronic travel systems such as Sabre, Amadeus, Galileo, Worldspan, and Pegasus. This will enable over 600,000 travel agents to book the hotel. "We believe that our marketing agreement with Zurich will keep Hotel Beneficial having a full house," said Alex Papic, Vice President of Beneficial Holdings.
Hotel Beneficial entered into a marketing understanding with the local Pepsi Cola distributor to exclusively offer Pepsi branded products at the facility.
High speed internet lines were installed throughout the facility in every room. "We're going to build Hotel Beneficial into a brand as we purchase or venture with other hotels. One feature the hotel will offer to travelers is low cost international calls to the United States and Europe. Instead of billing at $1.00 per minute, we'll charge 10 cents so that people can transact business," Papic said.
The Company is in the process of completing the contracts for its joint venture for a second hotel location in El Crucero, Nicaragua, and it expects to finalize the arrangement over the next month.
The beta test version of the Company's www.bet.cr online casino is slated to be completed by May 18, 2010. If you have an interest in obtaining the software, send an email to freedisk@beneficialholdings.info.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently owns one hotel and two physical gaming properties. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. There are less than 275,884,651 free-trading shares. There are 627,115,349 restricted shares. The total authorized shares are 903,000,000. The Company has no intention of increasing its authorized 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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Hotel Beneficial Announces Its Grand Opening and a Marketing Agreement With Zurich Systems
LAS VEGAS, NV--(Marketwire - April 13, 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 hotel has received all necessary tax, health, and fire permits to begin operations. As such, the hotel plans to officially go online on April 23, 2010. The Company owns the hotel free and clear of all liens.
The hotel has entered into a marketing agreement with Zurich Systems of Switzerland. Zurich will place the hotel's unsold rooms on electronic travel systems such as Sabre, Amadeus, Galileo, Worldspan, and Pegasus. This will enable over 600,000 travel agents to book the hotel. "We believe that our marketing agreement with Zurich will keep Hotel Beneficial having a full house," said Alex Papic, Vice President of Beneficial Holdings.
Hotel Beneficial entered into a marketing understanding with the local Pepsi Cola distributor to exclusively offer Pepsi branded products at the facility.
High speed internet lines were installed throughout the facility in every room. "We're going to build Hotel Beneficial into a brand as we purchase or venture with other hotels. One feature the hotel will offer to travelers is low cost international calls to the United States and Europe. Instead of billing at $1.00 per minute, we'll charge 10 cents so that people can transact business," Papic said.
The Company is in the process of completing the contracts for its joint venture for a second hotel location in El Crucero, Nicaragua, and it expects to finalize the arrangement over the next month.
The beta test version of the Company's www.bet.cr online casino is slated to be completed by May 18, 2010. If you have an interest in obtaining the software, send an email to freedisk@beneficialholdings.info.
ABOUT BENEFICIAL HOLDINGS, INC.
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently owns one hotel and two physical gaming properties. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. There are less than 275,884,651 free-trading shares. There are 627,115,349 restricted shares. The total authorized shares are 903,000,000. The Company has no intention of increasing its authorized 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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Enters Negotiations to Acquire 39 Slot Parlor Locations
MANAGUA, NICARAGUA--(Marketwire - April 12, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, announced today that it entered into negotiations to acquire 39 slot parlor locations. The locations are throughout Nicaragua.
The locations house between 15 and 35 gaming machines. "However, over the next year, we would have to bring the number of gaming machines to 25 at every location to comply with new regulations in effect throughout Nicaragua," Alex Papic, Vice President of Beneficial Holdings, said.
The acquisition would add over 850 gaming machines to Beneficial Holdings' current inventory. The machines at the locations include poker machines, slot machines, digital slot machines, and multigame machines.
"After a preliminary review of the acquisition, the Company estimates that it would add approximately $10,250,000 in annual revenue to Beneficial Holdings through its subsidiaries. The Company also believes that, with equipment renovations, and adding food and refreshment products, it can substantially increase revenue and margins at all the locations," said Alex Papic.
The Company will be proceeding to the due diligence stages of the transaction immediately to verify the revenue and to determine the quality of the equipment.
ABOUT BENEFICIAL HOLDINGS, INC.
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. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. There are less than 275,884,651 free-trading shares. There are 627,115,349 restricted shares. The total authorized shares are 903,000,000. The Company has no intention of increasing its authorized 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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Enters Negotiations to Acquire 39 Slot Parlor Locations
MANAGUA, NICARAGUA--(Marketwire - April 12, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, announced today that it entered into negotiations to acquire 39 slot parlor locations. The locations are throughout Nicaragua.
The locations house between 15 and 35 gaming machines. "However, over the next year, we would have to bring the number of gaming machines to 25 at every location to comply with new regulations in effect throughout Nicaragua," Alex Papic, Vice President of Beneficial Holdings, said.
The acquisition would add over 850 gaming machines to Beneficial Holdings' current inventory. The machines at the locations include poker machines, slot machines, digital slot machines, and multigame machines.
"After a preliminary review of the acquisition, the Company estimates that it would add approximately $10,250,000 in annual revenue to Beneficial Holdings through its subsidiaries. The Company also believes that, with equipment renovations, and adding food and refreshment products, it can substantially increase revenue and margins at all the locations," said Alex Papic.
The Company will be proceeding to the due diligence stages of the transaction immediately to verify the revenue and to determine the quality of the equipment.
ABOUT BENEFICIAL HOLDINGS, INC.
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. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation. There are less than 275,884,651 free-trading shares. There are 627,115,349 restricted shares. The total authorized shares are 903,000,000. The Company has no intention of increasing its authorized 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.
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Joins Support for the Safe and Secure Internet Gambling Initiative
LAS VEGAS, NV--(Marketwire - March 29, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, which plans to unveil its Internet casino for non-United States residents in April 2010, announced that it supports the Safe and Secure Internet Gambling Initiative.
Presently, gaming enthusiasts in the United States must turn to Internet casinos that are located outside of the United States. Many operators are not licensed to run their casinos. As a result, taxes are not paid and United States citizens are not employed. States and Tribal Communities lose millions of dollars every month that could be earmarked for social programs. Current legislation does not stop Internet gaming, it simply moves it to alternative locations.
While our subsidiaries are creating an online casino licensed in Costa Rica, and we expect to have it available for non-U.S. residents this coming month on the website www.bet.cr, the Company would gladly license itself in the United States for domestic residents if federal regulations allowed the activity.
Representative Jim McDermott (D-WA) introduced the Internet Gambling Regulation and Tax Enforcement Act of 2010, which provides that taxes and fees collected from wagers placed over the Internet would create revenue for federal and state budgets. The legislation contains provisions that allow States and Tribal Government to receive six percent of all deposits placed in their jurisdiction. Taxes would support foster care programs with over $40 billion per year.
Representatives Barney Frank (D-MA), Chairman of the House Financial Services Committee, and John Larson (D-CT), Chair of the House Democratic Caucus signed on as co-sponsors of the 2010 Act. This statute would allow licensed operators to accept wagers from individuals in the U.S. Chairman Frank's proposal would mandate consumer protections and the rights of each State and Tribal Government to determine whether to allow online gambling activity within their borders. More than 65 co-sponsors support the bill.
Beneficial Holdings invites interested parties to visit www.safeandsecureig.com to learn more about the legislation and for assistance in contacting their representatives to support the proposed laws. Alternatively, shareholders can contact their representative by visiting http://www.house.gov/house/MemberWWW_by_State.shtml to identify their representative. Shareholders should explain that they support the right of United States citizens to gamble online with safe and reputable casinos that choose to be licensed domestically. We advise that you support the Internet Gambling Regulation and Tax Enforcement Act of 2010 and request the House of Representatives to finalize a bill to provide safe domestic Internet gambling.
"Beneficial Holdings' international subsidiaries plan to stay within the federal law by not making its casinos available to United States residents. However, that does not mean the law should not be changed. We would rather hire employees in the United States and pay fees for licensing to States or Native American Tribal Communities to serve our domestic customers," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS, INC.
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. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Joins Support for the Safe and Secure Internet Gambling Initiative
LAS VEGAS, NV--(Marketwire - March 29, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, which plans to unveil its Internet casino for non-United States residents in April 2010, announced that it supports the Safe and Secure Internet Gambling Initiative.
Presently, gaming enthusiasts in the United States must turn to Internet casinos that are located outside of the United States. Many operators are not licensed to run their casinos. As a result, taxes are not paid and United States citizens are not employed. States and Tribal Communities lose millions of dollars every month that could be earmarked for social programs. Current legislation does not stop Internet gaming, it simply moves it to alternative locations.
While our subsidiaries are creating an online casino licensed in Costa Rica, and we expect to have it available for non-U.S. residents this coming month on the website www.bet.cr, the Company would gladly license itself in the United States for domestic residents if federal regulations allowed the activity.
Representative Jim McDermott (D-WA) introduced the Internet Gambling Regulation and Tax Enforcement Act of 2010, which provides that taxes and fees collected from wagers placed over the Internet would create revenue for federal and state budgets. The legislation contains provisions that allow States and Tribal Government to receive six percent of all deposits placed in their jurisdiction. Taxes would support foster care programs with over $40 billion per year.
Representatives Barney Frank (D-MA), Chairman of the House Financial Services Committee, and John Larson (D-CT), Chair of the House Democratic Caucus signed on as co-sponsors of the 2010 Act. This statute would allow licensed operators to accept wagers from individuals in the U.S. Chairman Frank's proposal would mandate consumer protections and the rights of each State and Tribal Government to determine whether to allow online gambling activity within their borders. More than 65 co-sponsors support the bill.
Beneficial Holdings invites interested parties to visit www.safeandsecureig.com to learn more about the legislation and for assistance in contacting their representatives to support the proposed laws. Alternatively, shareholders can contact their representative by visiting http://www.house.gov/house/MemberWWW_by_State.shtml to identify their representative. Shareholders should explain that they support the right of United States citizens to gamble online with safe and reputable casinos that choose to be licensed domestically. We advise that you support the Internet Gambling Regulation and Tax Enforcement Act of 2010 and request the House of Representatives to finalize a bill to provide safe domestic Internet gambling.
"Beneficial Holdings' international subsidiaries plan to stay within the federal law by not making its casinos available to United States residents. However, that does not mean the law should not be changed. We would rather hire employees in the United States and pay fees for licensing to States or Native American Tribal Communities to serve our domestic customers," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
ABOUT BENEFICIAL HOLDINGS, INC.
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. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Enters Negotiations for a Second Hotel and Gaming Venture
EL CRUCERO, NICARAGUA--(Marketwire - March 25, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, entered into negotiations to build a small hotel and casino parlor in El Crucero, Nicaragua.
El Crucero, although a popular tourist area due to its magnificent views, cool temperatures, and other attractions, does not have a modern hotel or a casino. Beneficial Holdings believes that project will fill the void in the development of tourism in the area.
The project will be a joint venture between a Beneficial subsidiary and a Nicaraguan property developer. Beneficial believes it will maintain a 51% interest in the project.
"Most tourists visit El Crucero on a day trip because of the lack of facilities in the area. However, our analysis revealed a market for longer term tourism since the area features beautiful views during the day and night. With cool weather, plenty of forest areas, and safe and friendly neighborhoods to explore, Beneficial Holdings looks forward to helping develop the local economy," Alex Papic, Vice President of Beneficial Holdings said.
ABOUT BENEFICIAL HOLDINGS INC.
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. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Enters Negotiations for a Second Hotel and Gaming Venture
EL CRUCERO, NICARAGUA--(Marketwire - March 25, 2010) - Beneficial Holdings (PINKSHEETS: BFHJ), a gaming and hospitality management company, entered into negotiations to build a small hotel and casino parlor in El Crucero, Nicaragua.
El Crucero, although a popular tourist area due to its magnificent views, cool temperatures, and other attractions, does not have a modern hotel or a casino. Beneficial Holdings believes that project will fill the void in the development of tourism in the area.
The project will be a joint venture between a Beneficial subsidiary and a Nicaraguan property developer. Beneficial believes it will maintain a 51% interest in the project.
"Most tourists visit El Crucero on a day trip because of the lack of facilities in the area. However, our analysis revealed a market for longer term tourism since the area features beautiful views during the day and night. With cool weather, plenty of forest areas, and safe and friendly neighborhoods to explore, Beneficial Holdings looks forward to helping develop the local economy," Alex Papic, Vice President of Beneficial Holdings said.
ABOUT BENEFICIAL HOLDINGS INC.
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. 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. Presently, there are 627,115,349 restricted shares. There are no more than 275,884,651 free-trading shares. The Company has no intention of increasing its authorized 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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
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 reserve@hotelbeneficial.com.
ABOUT BENEFICIAL HOLDINGS INC.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
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 reserve@hotelbeneficial.com.
ABOUT BENEFICIAL HOLDINGS INC.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Inc. Provides Final Dividend Update
LAS VEGAS, NV--(Marketwire - March 17, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today updated shareholders as to the progress of the Company's dividend submission.
On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:
"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:
Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.
Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010"
The Company notes that shareholders with shares at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).
ABOUT BENEFICIAL HOLDINGS INC.
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 dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Inc. Provides Final Dividend Update
LAS VEGAS, NV--(Marketwire - March 17, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today updated shareholders as to the progress of the Company's dividend submission.
On March 17, 2010, the Financial Industry Regulatory Authority (FINRA) advised the Company of the following:
"The 7-1 stock dividend of Beneficial Holdings, Inc (BFHJ) will be announced today on our Daily List as follows:
Rate: 7 stock dividends will be mailed directly to shareholders without any further action on their part.
Declaration Date: 02/22/2010
Record Date: 03/05/2010
Payment Date: 03/18/2010
Ex Date: 03/19/2010
Due Bill Date: 03/23/2010"
The Company notes that shareholders with shares at their brokerage will receive the shares via the DTCC and their clearing house (so they should appear in the brokerage account).
ABOUT BENEFICIAL HOLDINGS INC.
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 dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Richwood Eco Ventures Inc. Restructures Its Business Plans
MANAGUA, Nicaragua, March 17, 2010 (GLOBE NEWSWIRE) -- Accredited Business Consolidators Corp. (Pink Sheets:ACDU) today announced that its affiliate, Richwood Eco Ventures, Inc., appointed Gertzen Perez as Vice President of the Company. Mr. Perez will lead the Company during a restructuring of its business plans. "Instead of being locked into a single arrangement, I intend to expand the Company to form new industrial ventures that provide employment opportunities throughout Nicaragua," Perez stated.
Richwood Eco Ventures will continue its wood export business. "However, I intend to add capacity to create a rapid expansion of the Company's abilities. This will include additional partnerships," Perez explained.
The change should not impair the Company's plan to divest Richwood Eco Ventures Inc. during the second quarter of 2010. "ACDU's plan is to separate REVI from its core operations, and the expansion will not alter the plans to issue a 1 for 1 stock dividend. In fact, the separate is crucial for expansion," Perez advised.
Richwood Eco Ventures intends to update shareholders next week as to the status of its relationship with Caribbean Wood Ventures, Inc., of Florida, and the progress of certain matters with the customer.
Accredited Business Consolidators Corp. is a diversified holding corporation. More information about the Company's subsidiaries may be obtained at www.accreditedbiz.com. The total number of authorized ACDU common shares is 450,000,000, and the number of common shares outstanding is 436,399,500. 329,086,200 shares are in the public float and on hand with CEDE & Co., 70,546,600 shares are restricted in certificate form, and 36,766,700 shares are unrestricted but in certificate form. There will be no increase in shares until at least August 30, 2010.
This is not an offer to sell securities. Statements made are forward-looking subject to risks and uncertainties. Statements included are made as of the date hereof, and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
CONTACT: Accredited Business Consolidators Corp.
Investor Relations
267-864-7737
Fax: 267-371-5168
ir@accreditedbiz.com
www.accreditedbiz.com
Twitter: accreditedbiz
Beneficial Holdings, Inc. Updates Dividend Pay Date
LAS VEGAS, NV--(Marketwire - March 15, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 15, 2010, FINRA requested that the Company modify its dividend pay date. As a result, the Company submitted a new issuer request form to FINRA listing Thursday, March 18, 2010, as the new pay date. The transfer agent submitted a transfer agent verification form to FINRA with the new pay date.
ABOUT BENEFICIAL HOLDINGS, INC.
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 dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings, Inc. Updates Dividend Pay Date
LAS VEGAS, NV--(Marketwire - March 15, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ) today updated shareholders as to the progress of the Company's dividend submission.
On March 15, 2010, FINRA requested that the Company modify its dividend pay date. As a result, the Company submitted a new issuer request form to FINRA listing Thursday, March 18, 2010, as the new pay date. The transfer agent submitted a transfer agent verification form to FINRA with the new pay date.
ABOUT BENEFICIAL HOLDINGS, INC.
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 dividend. Presently, there are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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.
Media Relations
Beneficial Holdings
www.beneficialholdings.info
+505-8367-3333 Telephone
Email Contact
Beneficial Holdings Inc. Reiterates Ex Date for Dividend
LAS VEGAS, NV--(Marketwire - March 2, 2010) - Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), today clarified the ex date announced for its six share dividend. While the Company chose March 5, 2010, as the ex date in its resolutions, it appears that the three day settlement period must be factored in. Therefore, it appears possible that today is the last day to acquire the dividend shares if the stock is purchased on the open market.
On the other hand, there exists a small possibility that FINRA may direct the Company to alter the ex date of the dividend. If this occurs, and a shareholder sold his shares, he may not receive the dividend.
Therefore, in an abundance of caution, the Company again states that shareholders need to consider the settlement periods and the fact that the ex-date is tentative in nature.
Beneficial Holdings Inc. is a Central America based gaming, entertainment, and hospitality company. Through its subsidiaries, it operates a hotel, two gaming facilities, and is in the process of releasing an online entertainment site.
ABOUT BENEFICIAL HOLDINGS INC.
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 are 89,587,907 restricted shares, which will increase to 627,115,349 after the six share dividend. There are no more than 39,412,093 free-trading shares presently, which will be a maximum of 275,884,651 free-trading shares post-dividend.
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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