Benacquista (fka BAQG)

[lowman]

Benacquista Signs Publishing Agreement
PR Newswire - July 06, 2006 10:49

SAN DIEGO, July 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- Benacquista Galleries, Inc. (OTC Bulletin Board: BAQG) announced today signing an agreement with SBP Holdings, Inc. to publish a series of children's books titled "The Adventures of Spenguin."

Benacquista President Jim Price stated, "We are pleased to announce we have signed an agreement to publish the full line of children's books titled 'The Adventures of Spenguin' authored by Sara Rose. In addition to publishing the books we have agreed to assist in fully developing all of the web sites and marketing product for the company. www.spenguin.com and www.spencersurfshop.com are currently under development. Under the agreement SBP will pay Benacquista $100,000 plus a royalty of 25% of net profits on all book and merchandise sales."

About SBP Holdings

SBP Holdings, Inc. is a holding company that was created with wholly owned subsidiaries to market a fictional character named Spenguin. Spenguin is a penguin that was separated from his friends and family at the North Pole and drifted on an iceberg through the Pacific Ocean and came a shore in San Diego. With the assistance of Spencer, a local surfer and the owner of Spencer's Surf Shop, Spenguin gains a friend a teacher and a mentor. Together, Spenguin and Spencer experience numerous educational and fun adventures that children of all ages will enjoy.

About Benacquista Galleries, Inc.

Benacquista Galleries, Inc. seeks acquisitions and invests in early stage companies with a focus in the Art, Education and Publishing Industries. Benacquista was founded in 2002 and went public in 2005. The Benacquista Gallery of Companies consists of Benacquista Fine Art, Benacquista Publishing, and YNOT Eduk8. For further information on Benacquista visit www.benacquistagalleries.com.

Forward Looking Statement

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.

SOURCE Benacquista Galleries, Inc.

Jim Price, President of Benacquista Galleries, Inc., [phone],
[e-mail]