BIH Corporation (fka BIHC)

[slazenger7]

Everyone needs to read these three statements from the press release that stated the Baron's deal was rejected. They are very important and have been overlooked by investors because of the panic that set in when the deal was rejected. He actually says that even at the higher negotiated price, Barons was still more valuable due to a significant increase in revenues and client base. He also speaks to the issue of further expansion goals for the company.

"Further, it also became apparent to the Company and its Board that a re-negotiated higher purchase price (Based on a significant increase in Baron's revenues and client base) from the initial offer by the proposed purchaser would not be acceptable to the Company."

"BIH Corporation's Board has also increased its authorized shares to 700 Million as a cushion for certain on going actions that will be announced as they may occur. The Company has not altered its outstanding share structure."

"We felt in the end that Baron was more valuable to the Company as an asset opposed to a one time windfall."

"Mr. Galo also stated, 'The Company has never stopped doing business during
negotiations and has other merger and acquisitions in its sights.' "

http://www.topix.net/content/prweb/2008/12/bih-corporation-terminates-negotiations-for-the-sale-of-baron


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